Qatar-U.S Economic Forum kicks off tomorrow in Washington

April 10, 2018


In line with the official visit of His Highness the Emir Sheikh Tamim bin Hamad Al-Thani, to the United States of America
Qatar-U.S Economic Forum kicks off tomorrow in Washington
 
In line with the official visit of His Highness the Emir Sheikh Tamim bin Hamad Al-Thani, to the United States, the Ministry of Economy and Commerce organizes on Tuesday, April 10, 2018, the Qatar-U.S Economic Forum in Washington, D.C. The forum takes place in cooperation with the Qatar Chamber, the American Chamber of Commerce, the Qatari Businessmen Association, the U.S-Qatar Business Council and a number of U.S official entities.
The forum is being organized in the framework of Qatar’s Economic Roadshow across number of U.S cities. The Forum aims to promote trade and economic relations between Qatar and the U.S and to build investment partnerships between the private sectors in both countries.
The forum will bring together more than 200 businessmen and Qatari officials along 200 CEOs from major American companies.  Panel discussions will be held on the sideline of the forum between representatives of the Qatari and U.S business sectors in a bid to strengthen existing economic partnerships. The forum will also feature round table sectorial discussions on partnership and investment opportunities in banking and law sectors.
Qatar’s Economic Roadshow kicked off last week in Miami City, Florida, where a Qatar-U.S Economic Forum was also organized. His Excellency Sheikh Ahmed bin Jassem bin Mohammed Al-Thani, Minister of Economy and Commerce chaired the forum.
Qatar’s Economic Roadshow in Miami featured a number of workshops and sessions between the Qatari and US private sectors as well as roundtable sectorial discussions and an exhibition on the sidelines of the Qatar’s Economic Roadshow. The exhibition brought together representatives from the Ministry of Economy and Commerce, the Supreme Committee for Delivery & Legacy, Qatar Airways, Doha Film Institute and Qatar Foundation along with a number of U.S companies that have partnered in investment projects with Qatar such as Occidental Petroleum, Boeing, ExxonMobil and ConocoPhillips.
Qatar’s Economic Roadshow in the US brings Qatari officials to a number of US cities including Miami, Florida; Washington, DC; Charleston, South Carolina; and Raleigh, North Carolina. The tour features economic forums, bilateral discussions, meetings between Qatari businessmen and their American counterparts, and roundtable sectorial discussions in the fields of real estate, investment, hospitality, tourism, hotel, technology, health, medicine, banking, law, public-private partnerships and infrastructure projects.
A delegation led by H.E His Excellency Sheikh Ahmed bin Jassem bin Mohammed Al-Thani, Minister of Economy and Commerce participated in the economic tour. The Qatari delegation included representatives from the Ministry of Economy and Commerce, Ministry of Energy and Industry, Qatar Investment Authority (QIA), Qatar Chamber, Qatar Airways (QR), Qatar Foundation (QF), Doha Film Institute (DFI),  Qatar Stock Exchange, Free Zones Authority, Qatar Financial Centre, beIN SPORTS , the Supreme Committee for Delivery & Legacy , Qatar National Bank (QNB) , Al Manteq Company, Qatari Diar , Katara Hospitality and Qatar Tourism Authority (QTA), and several other major Qatari institutions.
U.S-Qatari bilateral economic relations have grown significantly since the signing of the Trade and Investment Framework Agreement – or TIFA – back in 2004. Today, the U.S is considered as a strong trading partner with a volume of $6 billion and is the primary source for Qatari imports.  In 2017, 16% of Qatar’s imports came from U.S.
658 American companies currently operate in Qatar, including 117 companies 100% owned by US citizen.
In 2015, Qatar investment Authority pledged to invest $45 billion over a five-year period of which $10 billion will be invested in the U.S infrastructure.
Qatar Airways also established direct flights between Doha and ten U.S destinations including Miami, Washington D.C, Atlanta, Chicago, Boston, Dallas, Houston, Los Angeles, New York and Philadelphia in a bid to streamline business access to these cities. Qatar Airways also purchased aircraft worth 92 billion dollars from Boeing.