Qatar’s gas reserves require expansion effort: Al-Sada

Qatar’s gas reserves require expansion effort: Al-Sada:

HE Minister of Energy and Industry Dr Mohammed bin Saleh al-Sada affirmed that Qatar’s large gas reserves require an expansion effort, adding this is why Qatar has decided to increase this sector’s growth by 30%. Al-Sada pointed out that this requires efforts in the field of finance and the provision of equipment and construction, considering that an opportunity and a suitable ground for German companies to invest in Qatar.

This came in his speech at the third session of the Qatar Germany Business and Investment Forum (QGBIF) in Berlin, which was held under the title “Industrial development: Key to Doha and Berlin to diversify sources of income.”

Al-Sada said: “We invest gas reserves to diversify sources of income, which is in line with the objectives of Qatar National Vision 2030. One of these sources is industry that we use to diversify our sources of income that open up investment-stimulating areas, coupled with what Qatar has taken in this regard to stimulate the private sector to achieve investment growth.” He stressed that diversifying sources of income is not an objective as much as it is a way for Qatar to strengthen the economy.