Industrial
development plays a key role in adoption and assimilatoin of modern technologies
for the
welfare and national pride of our
country.
Qatar has, ever since the sixties, carefully prepared and successfully
executed its ambitious plans for the development of the industry.
Under the wise leadership of H.H. Sheikh Hamad Bin Khalifa Al Thani, the
Emir of the State of Qatar, H.H. Sheikh Tamim Bin Hamad Al Thani, the
Heir Apparent, record achievements have been made in an astonishingly
accelerated pace.
Oil revenues have been optimally employed in the laying out of solid foundations
for the development of oil and gas and other basic industries as well
as modern infrastructures capable of servicing national industries and
future challenges.
Motivated bymarket driven economy, the State of Qatar assigns pivotal
role to the private sector in the overall developmental process. To this
end, the State provides a string of generous incentives aimed at encouraging
active and effective participation of the private sector. New laws and
regulations establishing a single point authority for the award of licenses
and incentives were effected in endeavor to avoid the once lengthy, time-consuming
procedures and provide better investment climate for local and foreign
investors.
The political stability and the excellent economic performance of the
State, have increased the inflow of foreign direct investments into the
national economy. A glimpse of foreign component in the investment capital
of existing and upcoming industries provide evidence to the credibility
and transparency of the Qatar economy at the regional and international
levels.
With the timely and efficient execution of massive projects based in the
North Gas Field, the State of Qatar will further consolidate its economic
position and emerge as a reliable long term supplier of clean energy and
new fuels and petrochemicals to the world at large.
Abdullah Bin Hamad Al-Attiyah
Deputy Prime Minister Minister of Energy and Industry