US Investment – Qatar’s New Venture Plans to Maintain Country’s Wealth
There are a number of countries that has a good and promising economy and one of it is Qatar as a matter of fact it ranks 3rd among countries with huge reserves of natural gas. The amount of oil reserves that they are able to store is projected to supply gas for the coming years which is a good thing for countries that relies heavily with those resources. But of course, the latter is just one aspect that makes the economy of Qatar promising, many might not be aware about it but the country actually have huge investments in Great Britain for about ?35 billion and it is expected to invest another ?5 billion in UK’s energy resources, IT sector, and establishments for the coming years.
The QIA or also known as Qatar Investment Authority holds 20% in one of London’s international airports meanwhile the Qatar airways are considered as a major stockholder in British airways since last year. In addition, Qataris doesn’t need to pay significantly high amount for gas compared to a bottled water however even if their economy is booming they tend to be prudent with the nation’s wealth. There was a survey conducted which reveals that most Qatar-based business owners go for cheaper or free services even if they can afford those expensive ones. For instance, instead of spending their money on pricey software they go for online free letterhead maker.
It is also a must that you are aware of the fact that Qatar is the primary supplier of LNG in almost all parts of UK, the term LNG stands for liquid natural gas. This is such a good thing to hear knowing that one of UK’s fuel imports is natural gas which covers 30% of the said import. The location of Qatar became its strengths as well, since the place is said to be known as a natural gas field. Indeed there is a great oil output in the country on a yearly basis but still people put significant emphasis on conservative approaches to provide sustainability in the coming years.
As mentioned earlier Qatar has been making investments in UK this year and for the next five years, the investment is approximately ?1 billion however the growth seems minimal compared to the past years which is quite alarming. This is the main reason why the QIA plans to seek other countries where they can invest and make significant returns and apparently they go for US as their next target, they plan to go for an investment that is approximately worth $35 billion.
Even if Qatar is seen as one of the wealthiest countries in the world, the country needs employ feasible steps that will keep their country’s wealth and status high more importantly that people are drastically shifting to renewable energy sources.