Qatari investments in US exceed $45bn: Minister - The Peninsula Qatar

Qatari investments in US exceed $45bn: Minister - The Peninsula Qatar:

Qatari investments in the US have exceeded $45bn (about QR164bn), the equivalent to 23 percent of Qatar’s GDP, the Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim Al Thani noted yesterday in New York City.

 The Minister also noted that Qatar Airways alone provided a $92bn boost to the US economy through the purchase of 332 American aircraft a deal that supports more than 527,000 jobs.

Qatar-US bilateral relations are historic and very strong. The trade exchange between the two countries has touched new highs. The US has become one of Qatar’s most valued and largest global partners with the combined value of $24bn (QR87.39bn) worth of goods traded over the last five years while 84 percent of the trade balance is in favour of the US.