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Tribune news network
Doha
Qatar has adopted new models and policies to bolster its economy in line with its National Vision 2030, Minister of Commerce and Industry HE Ali bin Ahmed al Kuwari has said.
Kuwari said this during his participation in a high-level panel discussion organised by the Qatar Investment Authority on the sidelines of the World Economic Forum in Davos, Switzerland recently, Ministry of Commerce and Industry said in a statement on Sunday.
In his remarks, Kuwari touched on the global challenges and regional trends that are reshaping the Middle East and elaborated on the region’s geopolitical landscape, political stability factors and development efforts in the field of technology, industry and innovation.
He discussed the structural economic challenges facing the Middle East, noting that the most prominent of these challenges is the rentier economic models upon which most regional economies were built.
Kuwari said that lower oil prices, increased global competition and growing populations have rendered these models unsustainable.
Touching on governmental efforts to build long-term sustainable economy for future generations, he said Qatar has already adopted new models of change.
He added that the illegal siege imposed on the country has provided the government with further impetus to accelerate the implementation of these economic diversification strategies.
In this context, Qatar has opted for the diversification of its economy and sought to transition towards a modern knowledge-based economy by encouraging investments in education, health, tourism and industry, which fosters innovation and human capacity building, Kuwari noted.
On a related note, he said Qatar is also investing in developing infrastructure and logistic services to position the country as a regional trade and investment hub.
The minister added that Qatar is also one of the world’s leading producer of liquid natural gas (LNG) and is strategically located in a region that is rich in high-quality raw material and home to two-thirds of the world’s hydrocarbon reserves.
He explained that Qatar’s attractive business environment and its ongoing preparations to host the 2022 World Cup will provide investors with the opportunity to finance, develop, and operate projects in a variety of sectors including food security, sports, tourism, health, education and logistics.
In closing remarks, the minister emphasised Qatar’s belief in the values of tolerance and dialogue, which represent the only path to rising above geopolitical problems.
The session titled “How Global Challenges and Regional Trends are Shaping the Middle East”, brought together Hassan al Dhawadi, Secretary General of the Supreme Committee for Delivery and Legacy, and Professor Andrew McAfee, Principal Research Scientist at MIT and Co-Founder of the MIT Initiative on the Digital Economy.
The minister also participated in the Informal Gathering of World Economic Leaders (IGWEL), an important meeting organised within the framework of the WEF to promote dialogue between world leaders on issues of common concern.
This year’s WEF is being held under the theme “Stakeholders for a Cohesive and Sustainable World” and focuses on global, regional and national initiatives that have a positive impact on all stakeholders.
On the sidelines of his participation in the 2020 WEF, Kuwari met with the Director General of the World Intellectual Property Organization (WIPO) Francis Gurry.
The meeting touched on Qatar’s distinguished relations and partnership with WIPO as well as efforts aimed at bolstering this partnership. Both sides also exchanged views on several topics on the forum agenda.
The minister of commerce and industry said Qatar is in the process of developing a national intellectual property strategy with the support of WIPO.
Kuwari added that Qatar is actively participating in many aspects relating to WIPO’s meetings and supports efforts towards reaching an international agreement to protect broadcasters from piracy.
He also touched on the main challenges facing WIPO and the increasing pressure as a result of rapid technological changes, globalisation and increasing demand.
Kuwari added that WIPO also needs to ensure that the intellectual property system achieves its primary objectives in stimulating creativity and encouraging innovation across all countries.
He hailed WIPO’s efforts to reduce the knowledge gap in the international intellectual property system between developed and developing countries, noting that developmental considerations are an integral part of the organization’s work.
Kuwari concluded the meeting by reiterating Qatar’s commitment to the development agenda of WIPO and its activities.
Doha
Qatar has adopted new models and policies to bolster its economy in line with its National Vision 2030, Minister of Commerce and Industry HE Ali bin Ahmed al Kuwari has said.
Kuwari said this during his participation in a high-level panel discussion organised by the Qatar Investment Authority on the sidelines of the World Economic Forum in Davos, Switzerland recently, Ministry of Commerce and Industry said in a statement on Sunday.
In his remarks, Kuwari touched on the global challenges and regional trends that are reshaping the Middle East and elaborated on the region’s geopolitical landscape, political stability factors and development efforts in the field of technology, industry and innovation.
He discussed the structural economic challenges facing the Middle East, noting that the most prominent of these challenges is the rentier economic models upon which most regional economies were built.
Kuwari said that lower oil prices, increased global competition and growing populations have rendered these models unsustainable.
Touching on governmental efforts to build long-term sustainable economy for future generations, he said Qatar has already adopted new models of change.
He added that the illegal siege imposed on the country has provided the government with further impetus to accelerate the implementation of these economic diversification strategies.
In this context, Qatar has opted for the diversification of its economy and sought to transition towards a modern knowledge-based economy by encouraging investments in education, health, tourism and industry, which fosters innovation and human capacity building, Kuwari noted.
On a related note, he said Qatar is also investing in developing infrastructure and logistic services to position the country as a regional trade and investment hub.
The minister added that Qatar is also one of the world’s leading producer of liquid natural gas (LNG) and is strategically located in a region that is rich in high-quality raw material and home to two-thirds of the world’s hydrocarbon reserves.
He explained that Qatar’s attractive business environment and its ongoing preparations to host the 2022 World Cup will provide investors with the opportunity to finance, develop, and operate projects in a variety of sectors including food security, sports, tourism, health, education and logistics.
In closing remarks, the minister emphasised Qatar’s belief in the values of tolerance and dialogue, which represent the only path to rising above geopolitical problems.
The session titled “How Global Challenges and Regional Trends are Shaping the Middle East”, brought together Hassan al Dhawadi, Secretary General of the Supreme Committee for Delivery and Legacy, and Professor Andrew McAfee, Principal Research Scientist at MIT and Co-Founder of the MIT Initiative on the Digital Economy.
The minister also participated in the Informal Gathering of World Economic Leaders (IGWEL), an important meeting organised within the framework of the WEF to promote dialogue between world leaders on issues of common concern.
This year’s WEF is being held under the theme “Stakeholders for a Cohesive and Sustainable World” and focuses on global, regional and national initiatives that have a positive impact on all stakeholders.
On the sidelines of his participation in the 2020 WEF, Kuwari met with the Director General of the World Intellectual Property Organization (WIPO) Francis Gurry.
The meeting touched on Qatar’s distinguished relations and partnership with WIPO as well as efforts aimed at bolstering this partnership. Both sides also exchanged views on several topics on the forum agenda.
The minister of commerce and industry said Qatar is in the process of developing a national intellectual property strategy with the support of WIPO.
Kuwari added that Qatar is actively participating in many aspects relating to WIPO’s meetings and supports efforts towards reaching an international agreement to protect broadcasters from piracy.
He also touched on the main challenges facing WIPO and the increasing pressure as a result of rapid technological changes, globalisation and increasing demand.
Kuwari added that WIPO also needs to ensure that the intellectual property system achieves its primary objectives in stimulating creativity and encouraging innovation across all countries.
He hailed WIPO’s efforts to reduce the knowledge gap in the international intellectual property system between developed and developing countries, noting that developmental considerations are an integral part of the organization’s work.
Kuwari concluded the meeting by reiterating Qatar’s commitment to the development agenda of WIPO and its activities.
