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Posted on 04/05/2018Posted in Technology

Keeping Qatar’s High Status By Means Of New Investment Plans

There are a number of countries that has a good and promising economy and one of it is Qatar as a matter of fact it ranks 3rd among countries with huge reserves of natural gas. At this point, Qatar is one of the major suppliers of natural gas all over the globe with over 15 billion barrel of oil reserves it is expected for them to supply similar amount of natural gas for the next 23 years. Qatar have also taken steps in investing substantial amount in Britain for about ?35 billion and an additional ?5 billion investment plans for UK’s IT sector, energy resources and of course its different infrastructure for the next five years.

It is also a fact that the QIA also known as Qatar Investment Authority owns approximately 20{5f2c694a1c2bf67a5c2fa2930d39ccd8cee75e89fa0fc8c21ed35d95a2fed86f} in one of the major international airports in London and they are a major stockholder in British Airways. In addition, Qataris doesn’t need to pay significantly high amount for gas compared to a bottled water however even if their economy is booming they tend to be prudent with the nation’s wealth. There was a survey conducted which reveals that most Qatar-based business owners go for cheaper or free services even if they can afford those expensive ones. For instance, instead of spending their money on pricey software they go for online free letterhead maker.

It is also a must that you are aware of the fact that Qatar is the primary supplier of LNG in almost all parts of UK, the term LNG stands for liquid natural gas. This creates a significant impact in Qatar’s economy since more the 1/4 of UK’s fuel imports are in a form of natural gas. The geographical location of Qatar is one of the reasons why it continues to progress since the place where the country lies is known as a natural gas field. Although there is good oil output in a yearly basis still many people shows inclination towards conservative strategies to promote sustainability in the years to come.

The investment that Qatar has made up to this day and for the next five years is almost ?1 billion each year however the returns are quite minimal compared to the past years and so the country needs to deal with new investment plans. With that being said, the QIA intends to invest in US, the expected amount for the investment is worth $35 billion.

Even if Qatar is seen as one of the wealthiest countries in the world, the country needs employ feasible steps that will keep their country’s wealth and status high more importantly that people are drastically shifting to renewable energy sources.