By investing in technology and tourism: Will Qatar be a new technological force in development?

Qatar is the only Islamic country fully committed to becoming a global tourism destination and a center for scientific development, according to a report published by the Global Village Space.

The site says that the CEO of Qatar's Sovereign Wealth Fund, Mansour Al Mahmoud, stated that the fund seeks to increase investments in technology companies that were not affected by the recent decline in the sector. Qatar's efforts to emerge as a modern Islamic state are manifested in various ways.

For his part, Al Mahmoud told reporters in Doha that "Qatar Investment Authority will continue to invest in technology because it represents the most important sector at the present time."

"We believe we are suffering from an inferiority complex. Therefore, we are trying to catch up," Al Mahmoud added. Indeed, sovereign wealth funds in the Middle East have boosted their investment in this sector after they previously spent billions of dollars on memorial properties such as real estate in London and stakes in global banks.

The website reported that the Qatar Investment Authority, which has about $ 320 billion in assets, employed Tristan Lacroix, a deal agent at Bank of America, to boost his technology initiatives, according to people familiar with the matter. The Bloomberg website reported Last September.

In fact, the Qatar Investment Authority has invested in companies including Forskoyer, the biotechnology company Rubius Therapotex, Homology Medicine, Thot Spot, and Grail, as part of the expansion of its investment capital unit, he said. People familiar with the matter.

Qatar's efforts to expand the scope of its economy
The site reported that Qatar focused on improving the technology and tourism sector after a unilateral blockade was imposed on it by neighboring Gulf countries. According to the agenda of the National Council of Tourism in Qatar, which is devoted to the next four years, tourism is classified as one of the five priority sectors by the Qatari leadership, in order to establish a diversified economy.

The National Tourism Council, formerly known as the "Tourism Authority", focused on achieving new goals by benefiting from the institutional assistance provided, by establishing new governance structures for the tourism sector. In fact, the National Tourism Council essentially seeks coordination and standardization, and focuses heavily on its members and key stakeholders.

The site added that the National Tourism Council's ambition to reach new horizons is evident in the fact that it is expected that the council will submit its reports to the Board of Directors headed by the Prime Minister of Qatar, Sheikh Abdullah bin Nasser bin Khalifa Al Thani. This fact indicates the government's determination and commitment to develop the tourism and hospitality sector.

Qatar ranked sixth in the guest experience report, surpassing the UAE, which fell from sixth to seventh in the Middle East report published by "Ulriy" hospitality and travel data.

The report analyzed more than 12 million online comments in the past 12 months, from April 1, 2018 to March 31, 2019, via online reservation sites. According to the results, Qatar's position in the hospitality sector has improved significantly.

In an analysis of guest satisfaction in general, the quality of service, cleanliness, and location were ranked on the ninth average, which represents an overwhelming result said to be the global standard in each of the categories listed. In addition, Qatar received an average score of 8.7 in the hospitality sector, which includes the rooms, food and facilities provided.