12 Feb 2018 - 0:54
Qatar Chamber hosts visiting US delegation
DOHA: Qatar Chamber (QC) yesterday hosted a delegation representing the Business Executive for National Security (BENS), an American nonprofit organization, led by its President and CEO Norton Schwartz.
QC Chairman Sheikh Khalifa bin Jassim Al Thani headed the Qatari side in the presence of number of board members.
Sheikh Khalifa said that the wise leadership and Qatari government managed to combat the blockade. “We overcame the impacts of the blockade with the least cost in record time,” he said.
“The siege had some benefits. It has encouraged businessmen and the private sector to invest in new factories and companies which helped to increase Qatar’s self-efficiency in various goods and commodities,” he noted.
He said that Qatar Central Bank exerted great efforts in providing the US currency in the market and prevented any imbalance in the monetary system. These actions helped protect the national currency and protected the investments in the country.
He pointed out that the blockade had no impact on business climate, assuring that during initial days, many pro-investment initiatives were inaugurated which are supported by the government. Foremost among them wass “Own a factory within 72 hours” which attracted 8000 investors who were interested to establish new factories throughout the Single Window service.
Underlining the importance on Hamad Port and opening new marine lines with several countries, he noted that these have opened the window for the private sector to establish business and partnerships with its counterparts in friendly countries.
On his part, Norton Schwartz said that the American businessmen and investors are confident with the Qatari economy, noting that there are many Qatari investments in the US and both countries enjoy distinct relations.