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Economic diversification, infrastructure development and technological advancement position Qatar as "attractive" investment destination: Al-Jaida

QFC Authority CEO Yousuf Mohamed al-Jaida addressing the Qatar Financial Market Forum. PICTURE: Shaji Kayamkulam
QFC Authority CEO Yousuf Mohamed al-Jaida addressing the Qatar Financial Market Forum. PICTURE: Shaji Kayamkulam
A section of audience at the second Qatar Financial Market Forum.
A section of audience at the second Qatar Financial Market Forum.
QFC Authority CEO Yousuf Mohamed al-Jaida addressing the Qatar Financial Market Forum. PICTURE: Shaji Kayamkulam
QFC Authority CEO Yousuf Mohamed al-Jaida addressing the Qatar Financial Market Forum. PICTURE: Shaji Kayamkulam
A section of audience at the second Qatar Financial Market Forum.
A section of audience at the second Qatar Financial Market Forum.
QFC Authority CEO Yousuf Mohamed al-Jaida addressing the Qatar Financial Market Forum. PICTURE: Shaji Kayamkulam
QFC Authority CEO Yousuf Mohamed al-Jaida addressing the Qatar Financial Market Forum. PICTURE: Shaji Kayamkulam
A section of audience at the second Qatar Financial Market Forum.
A section of audience at the second Qatar Financial Market Forum.
Qatar's economic diversification, coupled with focus on infrastructure development and technological advancements, has positioned the country as an "attractive destination" for investments, according to Qatar Financial Centre (QFC) Authority CEO Yousuf Mohamed al-Jaida.
Addressing the second Qatar Financial Market Forum, jointly organised by the QFC and Bloomberg Intelligence, he said much like emerging markets, Qatar not only shows the potential for "significant and sustainable" change but also presents a wealth of investment opportunities.
Recognising the need to diversify its economic base and reduce dependence on hydrocarbons, he said Qatar has embarked on ambitious initiatives to broaden its economic scope.
The rapid urbanisation and infrastructural development in the country aligns with the growth patterns usually observed in the emerging markets, he said, adding significant investments have been made in infrastructure projects, including aviation, maritime, transportation, hospitality, and sports facilities.
This accelerated development, according to him, reflects the pace seen in emerging markets as they strive to meet the demands of a growing population and expanding economy.
Qatar has also proactively embraced innovation and technology, directing investments towards renewable energy, smart cities, and advanced technologies. This strategic move reflects the tech-driven transformations often witnessed in emerging markets, he said.
"Qatar's commitment to economic diversification, coupled with its focus on infrastructure development and technological advancements, positions the nation as an attractive destination for investment," al-Jaida said.
The QFC has aligned with the Third National Development Strategy, to "sustainably develop our economy to remain competitive amidst a turbulent and rapidly changing global landscape" and achieve the targets of the Qatar National Vision 2030, he added.
Recognising the pivotal role of the financial sector in promoting sustainable economic growth, he said the QFC places "significant" emphasis on developing the financial services industry.
To advance financial innovation and promote transparency in the financial market, the QFC introduced sustainable sukuk and bonds and, recently, it inaugurated the QFC Digital Dome, housing the digital assets lab and other digital financial innovation platforms.
"Our goal is to position the country at the forefront of global digital evolution by attracting talent, fostering innovative ideas, promoting local and international collaborations, and bringing cutting-edge projects that shape the future to life," he said.
Last Edited January 23, 2024 | 08:52 PM
Gulf Times
85 journalists killed in Gaza by Israeli occupation forces in 2024 - Committee to protect journalists

General/ International/ World countries/ Other countriesNew York, February 12 (QNA) - The Committee to Protect Journalists has announced that 2024 was the deadliest year for journalists in modern history, as 124 journalists were killed in 18 countries around the world.The New York-based committee said that the 22 percent increase in journalist killings compared to 2023 reflects "high levels of international conflict, political unrest and crime around the world."The committee documented the killing of 85 journalists in the Gaza Strip, "all at the hands of the Israeli army," 82 of whom were Palestinians.Jodie Ginsberg, executive director of the International Committee to Protect Journalists, said that "this is the most dangerous period for journalists in the history of the committee."She added that "the war in Gaza is unprecedented in its impact on journalists, and represents a significant deterioration in global standards for the protection of journalists."The Committee, which has been keeping records of journalist killings since 1992, said that 24 reporters were intentionally killed because of their work in 2024.The report indicated that independent journalists were among the most vulnerable due to their lack of resources, and their number reaches 43 of the total number of journalists killed in 2024.The Committee noted that 2025 would not look any better, as six journalists were killed during the first weeks of it.