The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, affirmed that "the Qatari economy continued to grow during the current year, as preliminary data indicated a growth in the domestic product during the first half of the year by 4.3%, supported by the growth of the non-oil sector by 7.3%, compared to the previous period of last year.
At the opening of the second regular session of the Qatari Shura Council, the Emir pointed out that “the rise in energy prices led to the transformation of the expected budget deficit at the beginning of the year into a surplus of about 47.3 billion riyals (about 13 billion dollars) in the first half of the year. The budget surplus will be directed to reducing the level of public debt and increasing the state's financial reserves”.
The Emir of Qatar indicated that "the inflation rate in Qatar reached an annual basis of only 4.6 percent in the first half of the year, which is one of the lowest inflation rates in many developed countries. The state was keen to take many necessary measures to reduce inflation, including ensuring the provision of basic commodities, such as foodstuffs, and controlling prices”.
He stressed that "the State of Qatar occupies an advanced global position at the level of global food security, as a result of the implementation of the National Food Security Strategy through many strategic productive projects." He pointed out that "the State of Qatar is working to amend the legislation governing foreign investment to remove the obstacles facing that investment, and to highlight Qatar at the international level as an incubator for international direct investment and improve the investment environment."
Source (Al-Araby Al-Jadeed Newspaper, Edited)
