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Qatar At The Crossroads Of The World
Among the many measures taken by the government of Qatar, the QFZA was established in 2018, its first two free zones being conceived during 2019. These milestones allow Qatar to envision a globalized economy with all the institutional and infrastructure guarantees necessary to benefit from regional and global commercial and industrial trends without giving up on the importance of local production and added value.

Sectors that had traditionally been underrepresented or at least not developed to their full potential, such as agriculture, pharmaceuticals, logistics, and IT are now well positioned for growth. Qatar, thanks to its strategic geographical location and its flexible and neutral political, commercial, and economic position, is set to play a vital role at the crossroads for world trade. In times of extreme polarization and commercial uneasiness, very few countries can rely on excellent commercial relationships with the US and China, not to mention other important partners such as the EU, Japan, South Korea, and Singapore. COVID-19 has placed a mandatory time-out on the world that may disrupt global supply chains, whereas the hydrocarbons crisis will certainly not help. However, Qatar has the means and the partners to overcome both shocks and achieve a heartedly desired diversified and self-sufficient economy.

Jul 1, 2020 04:00 PM in Qatar

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