Doha, Qatar: Qatar has proactively embraced innovation and technology, directing investments towards renewable energy, smart cities and advanced technologies. This strategic move reflects the tech driven transformations often witnessed in emerging markets, said Yousuf Mohamed Al Jaida, Qatar Financial Centre Chief Executive Officer, addressing the Qatar Financial Market Forum, yesterday.
This year’s theme is particularly noteworthy given the critical importance of understanding the dynamics in emerging markets and sustainable infrastructure and mobility in developing effective strategy and fostering economic growth.
Along with the rapid economic growth, emerging markets have a high demand for infrastructure and mobility, making it an ideal time to weave sustainability into the fabric of their growth by prioritising eco-friendly practices, thereby laying the foundation for resilient and progressive societies.
Our commitment in Qatar to economic diversification, coupled with our focus on infrastructure development and technological advancements positions the nation as an attractive destination for investments. And much like emerging markets, Qatar not only shows the potential for significant and sustainable change, but also presents a wealth of investment opportunities, Al Jaida said.
He noted that with its dynamic development and rapid economic growth, Qatar is exhibiting characteristics commonly associated with emerging markets and recognising the need to diversify its economic base and reduce dependence on hydrocarbons; our nation has embarked on ambitious initiatives to broaden its economic scope.
The rapid urbanisation and infrastructural development in the country aligns with the growth patterns usually observed in emerging markets. Significant investments have been made in infrastructure projects in Qatar, including aviation, maritime transportation, hospitality, and sports facilities. And this accelerated development reflects the pace seen in emerging markets as they strive to meet the demands of a growing population and an expanding economy.
QFC is aligned with the 3rd National Development Strategy to sustainably develop our economy, to remain competitive amidst a turbulent and rapidly changing global landscape and achieve the targets of Qatar National Vision 2030 leverages this current ecosystem to attract foreign direct investments and in addition to forging partnership with likeminded organisations in various markets to promote outlaw we actively foster a conducive business environment for enterprises to thrive in the country.
Al Jaida further said, “We implement, reassess and introduce regulations that ensure transparency and sustainable practices. Recognising the pivotal role of the financial sector and promoting sustainable economic growth, we place significant emphasis on developing the financial services industry. This commitment is underscored by our key objectives for 2030 aligning our initiatives with this vision.”
