Qatar strategically built its way out of blockade - The Peninsula Qatar

Qatar strategically built its way out of blockade - The Peninsula Qatar:

Qatar’s strategic repositioning in terms of trade and investments have helped the country move ahead despite the unprecedented blockade imposed on it by some neighbouring countries, H E Sheikh Ahmed bin Jassim Al Thani, Minister of Economy and Commerce, and H E Ali Sheriff Al Emadi, Minister of Finance said in a two separate panel discussions held during the Qatar-Germany Business and Investment Forum here yesterday.

Sheikh Ahmed said the country realised there is huge untapped potential in the neighbouring countries and identified fresh destinations. Qatar realised it has access to 400 million population around and identified the under tapped markets in five destinations including Turkey, Pakistan, India, and Iran.

The Minister said Qatari economy grew at significant rate during the blockade period. “Despite the lower oil price in 2016-2017, we met our 2017 target. Our total export increased many times during the blockade period.