Keeping Qatar’s High Status By Means Of New Investment Plans
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. If your country is one those that relies heavily in natural gas then here’s a good news, Qatar has approximately 15 billion barrels of oil that is projected to supply similar amount of natural gas for the next 23 years. Qatar have also taken steps in investing substantial amount in Britain for about ?35 billion and an additional ?5 billion investment plans for UK’s IT sector, energy resources and of course its different infrastructure for the next five 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. The frugality that they possess is even supported by a survey which indicates a significantly high number of business owners who prefer cheap or free services even if they can pay for greater services. A good example of this is the use of an online free letterhead maker instead of purchasing an expensive online application.
Aside from the fact that the country has high investments in London, it was also revealed that the country is the major supplier of the LNG needs in almost all parts of UK, LNG refers to liquid natural gas . The UK’s fuel imports comprises of natural gas that covers 30% of it, this in turns is a good thing for Qatar’s economy. Since Qatar is lies in the South Pars Field, this is another factor that contributes to its booming economy, the said place is known as one of the sources of natural gas. 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.
Qatar has been providing an investment for approximately ?1 billion to UK each year, starting this year and for the next five years however the returns have actually slowed down compared to the past years which is quite disturbing. 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.
Despite the fact that Qatar has a booming economy and considered as one of richest countries all over the globe still the country need to devise steps and future plans that will keep their status high more importantly these days wherein people are starting to go for renewable sources of energy.