Posted on April 08, 2011

Business and Investment in Qatar Forum concluded here Thursday. The two-day Forum was attended by more than 1500 people including business leaders and political figures from the State of Qatar and the United States of America.

The Forum was inaugurated by HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor al-Thani on Wednesday and delivered a comprehensive speech at the opening session on Qatar's present and future economic policy. The Forum featured several specialized meetings on investment, energy, industry, finance, banking, investment in infrastructure, in addition to the communications and media attended by a number of specialists and those who are interested in these areas.

Four agreements were signed between Qatari and US companies on sidelines of the Forum.

The first agreement on the Qatar Airways purchase of five Boeing aircraft cargo 777s and two Boeing 777-300ER, at the cost of $ 1.3 billion in order to support the continued growth plans of Qatar Airways.

The second agreement was between Qatari Diar and US Heinz Group Company which aims to promote real estate developer in Washington, DC, with the contribution from the Qatari Barwa Bank, at a total cost of $ 700 million.

The third agreement was between Qatar Railways of the Qatar Diar and Benson International company to build the Losail train at of length of 30 km above and underground. The project is part of the Qatar Realways network project.

The Fourth agreement was between the Public Works Authority and the US International Bersons International Company aims to make design for implementation of two highways in Qatar. HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor Al Thani inaugurated officially the Golden Pass LNG Terminal in the state of Texas and in its pipeline as a major outlet for Qatar LNG in the United States.

source: QNA