CQBF executive emphasises Canada’s growing interest in Qatar’s knowledge economy

An official of the Canadian-Qatari Business Forum (CQBF) has underscored Canada’s growing interest in the Qatari market, saying this could lead to mutually beneficial collaborations, economic growth, and knowledge exchange.CQBF executive director Yasser Dhouib, who lauded Qatar’s mediator role in regional conflicts in an opinion column in an Ottawa-based newspaper, also emphasised the need to highlight the extensive potential of a Canada-Qatar partnership in diverse economic sectors."As Canadian interest in Qatar increases, a unique opportunity emerges to leverage Qatar’s knowledge-based economy, which aligns seamlessly with Canada’s innovation-driven industries."Qatar’s rise as a global financial and tech hub, with a focus on expanding ties in energy and infrastructure, offers Canada tangible benefits. Qatari businesses bring capital, expertise, and a global outlook, contributing to the growth and diversification of Canadian industries,” Dhouib pointed out.Dhouib noted that Qatari investments in Canada have contributed to economic growth and employment generation, spurred research and development (R&D), and played a key role in enhancing the nation’s infrastructure."As Canada strengthens bilateral relations in the Gulf Cooperation Council, it must ensure Canadian businesses feel confident in this strategic partnership, with investments protected in a stable, compliant environment."Qatar stands out as a secure destination, earning top ratings from the Financial Action Task Force for its adherence to international financial standards, reassuring global investors, including Canadians,” Dhouib stated.Citing common values in international development, Dhouib said Qatar and Canada have signed a memorandum of understanding (MoU) to bolster collaboration on fostering social and economic advancement in developing countries."As part of this alignment, Global Affairs Canada and Qatar’s Education Above All Foundation have each committed $40mn to co-fund education initiatives, including UNICEF’s Generation Unlimited, supporting marginalised communities and fostering long-term development."The 50th anniversary of Canada-Qatar relations should not only celebrate what has been achieved but also challenge both nations to engage in honest, forward-thinking dialogue. For Canada, this means critically assessing how it can leverage its partnership with Qatar to strengthen its international influence. For Qatar, it means continuing to evolve as a regional power that can navigate the complexities of diplomacy without alienating its partners,” Dhouib stressed.He added: "At this critical juncture, both Canada and Qatar have much to gain from a deeper relationship, but only if both countries are willing to engage with the full complexities of their partnership—not as propaganda, but as part of a genuine effort to foster constructive foreign relations.”