Unperturbed by the economic blockade, the Qatar Financial Center (QFC) has said countless opportunities exist for the UK firms in Qatar’s key growth sectors.
In his meeting with the UK ambassador Ajay Sharma, QFC chief executive Yousuf Mohamed al-Jaida highlighted immense potential for the UK firms in Qatar’s transport, healthcare, sports and tourism sectors.
Reaffirming that the business remains as usual for all the QFC firms despite the current political and economic blockade imposed by the siege countries; al-Jaida said, “Every challenge presents opportunities and we remain just confident and committed to our capabilities to attract foreign direct investment.”
Both Sharma and al-Jaida also exchanged ideas on how the current regional situation has the potential to act as a catalyst for a stronger economic vision post-crisis.
“Qatar and the UK’s bilateral relations will continue to grow,” al-Jaida said, highlighting Doha’s recent announcement to invest £5bn in the UK over the next three to five years.
“The QFC will continue to facilitate access for UK firms looking to expand their business to Qatar to tap into the multi-billion dollar investment opportunities,” he stressed.
QFC had earlier said it was looking at other non-financial entities, especially in sports and information technology (IT), as part of its efforts to help diversify the country’s economy.