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FinancialNews
24-05-23
Qatari, Saudi Officials Discuss Economic Collaboration, Growing Investor Interest
(MENAFN) Qatari Minister of Commerce and Industry, Mohammed Al-Thani, held a meeting with Saudi Investment Minister, Khalid Al-Falih, on Tuesday, signifying the ongoing efforts to strengthen economic ties between the two Gulf nations. The meeting provided an opportunity to discuss various aspects of economic collaboration and highlight Qatar's investor-friendly policies that have successfully attracted businesses and investors to the country.
As part of these discussions, Al-Thani emphasized the effectiveness of Qatar's economic policies in encouraging domestic and foreign investors to explore investment opportunities in the country. Qatar has implemented a range of measures to create a favorable investment climate, fostering an environment that promotes growth, innovation, and diversification across various sectors of the economy.
The meeting between the Qatari and Saudi officials took place in the context of the Qatar Economic Forum, a prestigious event that attracts global business leaders and policymakers. Al-Falih's participation in the forum demonstrates Saudi Arabia's interest in strengthening economic ties with Qatar and exploring avenues for collaboration between the two nations.
Highlighting the growing importance of Qatar's investor base, it was noted that Qatar's sovereign wealth fund had recently increased its stake in Credit Suisse, a prominent Swiss bank, to nearly 7 percent. This strategic investment positions Qatar's sovereign wealth fund as the second-largest shareholder in Credit Suisse, following the Saudi National Bank. The increased presence of Gulf investors in international financial institutions underscores the region's growing prominence and influence in global markets.
Overall, the meeting between the Qatari and Saudi officials reflects a commitment to fostering economic cooperation and strengthening bilateral ties. Qatar's investor-friendly policies and initiatives, along with its participation in high-profile economic forums, demonstrate the country's ongoing efforts to attract investments and promote sustainable economic growth.
MENAFN24052023000045014228ID1106303677
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