Robust economy enhanced Qatar’s global competitiveness, says QU professor

The Qatar Chamber, in co-operation with the Cultural Village Foundation (Katara), and the Katara Public Diplomacy Centre, hosted Wednesday a seminar titled ‘Economic Diplomacy & Future Economic Calculations’.Dr Khalid al-Abdulqader, associate professor in Finance & Economics at Qatar University, delivered the seminar, saying Qatar’s robust economy has contributed to enhancing the state’s regional and global reach and competitiveness.He underscored that Qatar invested in strengthening its infrastructure through Hamad Port and Hamad International Airport, establishing free and logistics zones, and achieving high rates of self-sufficiency.Al-Abdulqader underscored the importance of Gulf economic integration, noting that GCC states are "of great importance” on the international trade map due to their "enormous potential.”The seminar also focused on the concept of economic diplomacy or the use of possible means supported by skills, capabilities, and resources to influence another party, acquire interests, or reduce risk and harm.On the principles of economic diplomacy, al-Abdulqader said this includes time-buying, multiple choices, common interests, and building relationships with economic conglomerates. He also focused on the importance of economic diplomacy in financing, citing the global financial crisis of 2008.The event, which aims to raise awareness and address important economic issues, was attended by Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari and a number of businessmen and company representatives.Speaking at the event, al-Kuwari stressed that the chamber is keen to host the seminar to raise awareness among members of the Qatari business community on the importance of economic diplomacy. He also pointed to the need to study all changes and economic challenges facing the world.Engineer Darwish Ahmed al-Shaibani, CEO of Katara Public Diplomacy Centre (KPDC), stressed the importance of economic diplomacy in boosting regional trade co-operation by strengthening communication between private companies and public institutions.Al-Shaibani also assured the key role of businessmen and investors in underpinning co-operation with international commercial companies to open new horizons for investment and development and achieve the economic integration that contributes to job creation, enhancing mutual investments, and flourishing trade exchange.