Sunday, 22 July 2012

Qatar seeks to diversify income sources by investing more abroad

Qatar’s growing investments in foreign markets is part of the country’s strategy to diversify its income sources and protect its shield its economy against possible fall below expectations of oil and gas prices, economic experts told AlArabiya.net.

The economic crisis that has struck several countries in the European Union in particular has unveiled suitable investment opportunities for wealthy states, such as Qatar.

The tiny rich Gulf state, of about 1.9 million people –more than 80 percent of whom are foreign expats –and an estimated GDP per capita of $104,000, invested in foreign markets 20 billion in 2010 and about $ 30 billion in 2011.

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