Qatar’s economic tour across U.S cities kicks off today in Miami

April 03, 2018


H.E Minister of Economy and Commerce to lead delegation
Qatar’s economic tour across U.S cities kicks off today in Miami The tour includes Miami, Florida; Washington DC, Columbia; Charleston, South Carolina and Raleigh, North Carolina.The tour aims to strengthen the bilateral cooperation between Qatar and the U.S and to expand horizons of cooperationThe Qatari delegation includes representatives from the Ministry of Economy and Commerce, Ministry of Energy And Industry, Qatar Investment Authority (QIA), Qatar Chamber, Qatar Airways (QR), Qatar Foundation, Doha Film Institute,  Qatar Stock Exchange, Free Zones Authority, Qatar Financial Centre, BeIN SPORTS , the Supreme Committee for Delivery & Legacy , Qatar National Bank , Al Manteq Company, Qatari Diar , Katara Hospitality and Qatar Tourism Authority (QTA) in addition to several major bodies from Qatar.On Wednesday April 4, 2018, Miami City will host the Qatar- U.S Economic Forum, which will bring together more than 200 businessmen and Qatari officials, along with around 200 businessmen and CEOs of major U.S companies.The tour will feature economic forums, bilateral discussions, meetings between Qatari businessmen and their American counterparts, and round table sectorial discussions in the fields of real estate, investment, hospitality, tourism, hotel, technology, health, medicine, banking, law, public-private partnerships and infrastructure projects. Exhibitions will also be organized on the sidelines of the economic tour in the U.S cities that will be visited. The exhibition will feature a variety of events that reflect Qatar’s culture, heritage and strong economic potential.The US is one of the most important Qatar’s trading partners 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.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.Four years ago, Qatar Airways also established direct flights between Doha and Miami, streamlining business access to Florida.Qatar Airways also provided a 92-billion- dollar boost to the U.S. economy, through its purchase of American aircraft and supported 123,000 jobs in U.S.Qatar has established a 100 million dollar fund to help American victims of Hurricane Katrina and gave 30 million dollars in aid for Hurricane Harvey.More than 658 American companies currently operating in Qatar of which 117 fully owned U.S companies. The volume of U.S investments in Qatar amounted to QR 26.3 billion.
 
 
The Qatar economic tour across U.S cities kicks off today, April 2, 2018 in Miami, Florida with the participation of His Excellency Sheikh Ahmed Bin Jassim Bin Mohammed Al-Thani, Minister of Economy and Commerce, who leads the Qatari delegation.
The tour will bring Qatari officials to Miami, Florida; Washington DC, Columbia; Charleston, South Carolina and Raleigh, North Carolina.
His Excellency and the accompanying delegation will meet with business leaders and officials to highlight and bolster prospects for economic, trade and investment cooperation.
Sheikh Mishal bin Hamad Al-Thani, Qatar’s ambassador to the United States, and the Qatari delegation, which includes representatives from the Ministry of Economy and Commerce, Ministry of Energy And Industry, Qatar Investment Authority (QIA), Qatar Chamber, Qatar Airways (QR), Qatar Foundation, Doha Film Institute,  Qatar Stock Exchange, Free Zones Authority, Qatar Financial Centre, BeIN SPORTS , the Supreme Committee for Delivery & Legacy , Qatar National Bank , Al Manteq Company, Qatari Diar , Katara Hospitality and Qatar Tourism Authority (QTA) in addition to several major bodies from Qatar.
Commenting on the tour, H.E Sheikh Ahmed said: “Over the past decade, Qatar has cemented its partnership with the U.S. in the form of direct investments, joint ventures and trade deals.”
“These investments have contributed to the creation of countless new opportunities for investors and businessmen from both countries,” the minister explained.
“More than 658 American companies currently operating in Qatar of which 117 fully owned U.S companies. The volume of U.S investments in Qatar amounted to QR 26.3 billion”, the minister said
On Wednesday April 4, 2018, Miami City will host the Qatar- U.S Economic Forum, which will bring together more than 200 businessmen and Qatari officials, along with around 200 businessmen and CEOs of major U.S companies. Business-to- business sessions will be conducted on the sidelines of the forum, as attendees seek to bolster the strong and long- standing economic partnership between Qatar and the U.S.
The tour will bring Qatari officials to a number of U.S cities that have seen a surge in Qatari investments. These include Miami in Florida, Washington DC in Columbia, Charleston in South Carolina and Raleigh in North Carolina. The tour will feature economic forums, bilateral discussions, meetings between Qatari businessmen and their American counterparts, and round table sectorial discussions in the fields of real estate, investment, hospitality, tourism, hotel, technology, health, medicine, banking, law, public-private partnerships and infrastructure projects.
Exhibitions will also be organized on the sidelines of the economic tour in the U.S cities that will be visited. The exhibitions will shed light on Qatar’s culture heritage, major investments and the state’s economic capabilities.
US-Qatari bilateral economic relations have grown significantly since the signing of the Trade and Investment Framework Agreement – or TIFA – back in 2004.
Today, the US 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.
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.
Four years ago, Qatar Airways also established direct flights between Doha and Miami, streamlining business access to Florida.  Qatar Airways also provided a 92-billion- dollar boost to the U.S. economy, through its purchase of American aircraft which supported 123,000 jobs in U.S.
Qatar’s partnership with, and support for, the American people extends beyond bilateral trade, and encompasses humanitarian projects. Qatar has established a 100 million dollar fund to help American victims of Hurricane Katrina and gave 30 million dollars in aid for Hurricane Harvey. And, Al Faisal Without Borders Foundation has launched projects to rehabilitate former US convicts and reintegrate them into society.