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Qatari Economy Stands Tall Amid Crisis

Photo: The Peninsula

The Qatari economy has lived up to its hype and proved its strength and efficiency during the illegal blockade on Qatar. The strategies, plans and alternatives have allowed the economy to flourish against the challenge.

The officials speaking at a seminar organised by Qatar University, titled “The Qatari economy under the siege, steadfastness and ascension”, praised the sensible management of the crisis. They also stressed to invest the current scenario to strengthen Qatar’s relation with the world, and meet the aspirations of the National Vision.

Minister of Development Planning and Statistics H E Dr Saleh Mohamed Salem Al Nabit said that Qatar has emerged from the challenge in a stronger way.

He said that the current crisis, although it has its social impact on the peoples of the Arabian Gulf as a whole, but the State of Qatar will come out more powerful .. adding, “We will certainly emerge from this siege stronger .. and Qatar will be different, benefiting from its experiences, and adapted to the new reality.”

He also said that the siege was deliberate and unexpected, but Qatar was able to stand strong thanks to the unity within the country.

Speaking about the impact of siege, the minister said that it had an effect on services like tourism, transport and the financial sector, however, the nation has overcome the challenges quickly to bring things back to normalcy.

He said the government adopted alternative routes of transport after closure of the land port, as well as compensation of deposits withdrawn from banks, and support the tourism sector after the decision to exempt citizens of 80 countries from visas.

Regarding the capital projects, Al Nabit said that the state had its reserves by storing raw materials, and thus gave an opportunity to find alternatives that ensure the implementation of projects on time and at the same cost.

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