The Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, announced that his country will increase its gas production by 40% by 2026, stressing at the same time that preserving the environment is one of the most important pillars of Qatar's vision.
As part of the State of Qatar's participation in the main session of the Saint Petersburg International Economic Forum (SPIEF 2021), which was held this Friday afternoon in Saint Petersburg, Russia, Sheikh Tamim bin Hamad Al Thani said that economic cooperation between Qatar and Russia is not limited to direct investments, but rather goes beyond. To coordinate to find the necessary international regulatory frameworks to support this cooperation.
He pointed out that the bilateral relationship between Qatar and Russia has witnessed a tangible development in the past two decades in various political and economic fields, as Qatar has become an advanced place in the list of foreign investors in Russia, adding that the two countries have established with other countries the Gas Exporting Countries Forum, which is based in Doha. for him.
Sheikh Tamim valued the active cooperation in the economic field, especially in the field of energy, and stressed Qatar's confidence in the strength of the Russian economy and the importance of investing in it. He pointed to the volume of Qatar's investments in Russia, which has doubled in recent years, and looks forward to increasing it in the coming years.
In his speech, he added that the State of Qatar is going through an important stage in its comprehensive renaissance, through the implementation of its national strategies, programs and numerous projects, in accordance with the Qatar National Vision 2030.
Sheikh Tamim bin Hamad Al Thani stressed that the main driver of the Qatari economy at this stage is investments in infrastructure and development projects, especially in education, health, transportation, research, small and medium enterprises and others, in addition to striving for progress in economic diversification and focusing on increasing private sector investments. In all economic sectors, by providing incentives, offering partnership projects between the public and private sectors, and attracting foreign direct investment.
He pointed out that development projects in the State of Qatar provide great opportunities for foreign companies to increase their contribution to the Qatari economy in various sectors, and the State of Qatar is working to increase investment in green and sustainable energy, and other areas that will contribute to preserving the environment and combating climate change.
The Emir of Qatar called on the private sector in Russia and the world to explore the promising Qatari business environment in many projects and in various fields.