Economists confirmed that the Qatar Economic Forum, in its first edition, scheduled to start next Monday, highlights the vital role that Qatar plays in leading the economic recovery phase from the effects of the Corona virus pandemic.
The experts whose opinions were surveyed by Al Jazeera Net stressed that the new forum – which will last for three days – will help create more understanding between world leaders who represent different sectors from governance to information technology, noting that the forum is a new global platform for exchanging ideas and experiences and offering solutions to create More economic stability. Read also 65 agreements between Qatar and Russia during the St. Petersburg Economic Forum Qatar’s Foreign Minister inaugurates the Doha Corridor at the St. Petersburg International Economic Forum The largest participating delegation.. The Petersburg Forum is a gateway to a broad economic partnership between Qatar and Russia St. Petersburg Forum.. The Emir of Qatar and the Russian President stress the importance of facing the repercussions of Corona and economic cooperation to overcome differences
They added that the forum’s agenda, which includes 6 main themes, namely “advanced technology”, “sustainable world”, “markets and investment”, as well as “energy and trade flows”, “the changing consumer” and “a more inclusive world”, covers all issues of the global economy. In the aftermath of the pandemic, it sets a starting point for a new global economy capable of facing difficulties.
Professor of Economics at Qatar University, Dr. Rajab Al-Ismail, stresses the importance of the Qatar Economic Forum, held in cooperation with Bloomberg, from several aspects, the most important of which is the timing, as it comes in light of the largest health and economic crisis that has befallen the world for decades with the outbreak of the Corona virus and its impact on the economic sector in the world, as well as the emergence of new economic patterns. The world seeks to take advantage of its opportunities in the post-Corona era.
starting point
Al-Ismail added, in an interview with Al-Jazeera Net, that the large international participation of economists, officials and executives of major companies in the world demonstrates the desire to reach a starting point to eliminate the impact of the pandemic on the global economy, and the sessions announced on the agenda of the forum show coverage of all pillars The economy, whether in terms of trade and its link to energy, investment, modern technology, or the general mood of consumers.
The professor of economics at Qatar University explains that the forum will discuss the changes that occurred during the past period, which were represented in adapting technology to serve people and the economy, and the great reliance on technology as an economic means, which achieved great successes for companies dependent on e-commerce such as Amazon and similar companies, while traditional trade companies experienced bitterness in the impact of He stressed that the Qatar Economic Forum is the first of its kind that will look for opportunities in the post-Corona era.
Despite the heavy losses that befell the global economy as a result of Corona, Al-Ismail believes that it is necessary to draw lessons and challenges from Corona and turn them into new investment opportunities, such as focusing, for example, on the great technological leap that the world was recently forced upon.
Al-Ismail refers to one of the forum sessions that will discuss the relationship between energy and trade, explaining that there is a direct relationship between the increase in the volume of trade and the stability or rise in energy prices. Increased industrial production, for example in China and Japan, means the consumption of large quantities of energy and consequently increases the demand for oil and the price rises.
translation of efforts
As for the economic analyst, Abdul Rahim Al-Hour, he stressed that the world, with all its political, economic, technological and climatic components, realizes that it is necessary to link all these components in order to be able to face challenges and maintain development in light of the challenges of the Corona virus.
He points out that the political leadership in the State of Qatar realized early on the importance of integration and interaction with the international community in this regard. The inauguration of the Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, of the Economic Forum is a true translation of the efforts made by the state in activating its global leadership role in the economy and international politics.
Al-Hour added, in an interview with Al-Jazeera Net, that the presence of such a large number of global presidents and leaders, and an elite of the most important businessmen around the world and decision-makers, in all economic, technological, developmental and climatic fields, gives a message to the importance of this forum and the importance that the State of Qatar poses worldwide in In light of the various challenges that exist, on top of which are the effects of the Corona crisis, the high costs of transportation, the issues of global economic zones, maritime borders, climate and other related issues.
For his part, financial analyst Ahmed Akl expected that the Qatar Economic Forum would achieve great investment opportunities not only in Qatar but in the entire region, stressing that Qatar’s hosting of this forum confirms the world’s confidence in the Qatari economy, which has proven its ability to withstand challenges and the country’s investment capacity.
new opportunities
Akl added, in an interview with Al Jazeera Net, that many investors are looking for new opportunities after the pandemic to compensate for losses in the recent period.
As for the investor, Youssef Bu Halika, he believes that the forum gives a clear picture of Qatar’s economy and its endeavor from one stage to another, in implementation of the country’s 2030 vision based on the knowledge economy, stressing that the Qatari government’s keenness to pump great liquidity to build a modern society is reflected in the country’s economic situation, which is constantly developing. .
Bu Halika confirmed, in an interview with Al Jazeera Net, that the challenges of the Corona crisis and the measures that followed it forced the world to search for new means of development, pointing out that the Qatar Economic Forum will search for these means and present them to decision makers to build a new global economy that is more immune in the face of various crises.
He referred to the projects of the State of Qatar in achieving a strong economic infrastructure of ports, airports and internal roads, as well as plans to increase the production of liquefied natural gas by more than 40%, which confirms that the country is continuing to achieve a strong and lasting economy, expecting the Qatar Economic Forum to achieve great success due to Elite participating in its sessions.