Posted on April 09, 2011

The Business and Investment in Qatar Forum which was inaugurated in New York late on Wednesday night under the patronage and in the presence of HE Qatari Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor Al Thani, gained a special significance on part of the US companies and businessmen since it ushured the way for US investments in several sectors and further enhance the US-Qatari partnership at the trade and economic levels.

The two-day forum which attracted about 1500 businessmen and businesswomen and representatives of US companies and corporations of several sectors , has also re-opened new doors for partnership and investment and pushed businessmen to consider the State of Qatar with new eyes as said by Tom Parson, founder and director of the Power Generation company, based in Houston, Texas. For his part, Qatar News Agency (QNA) reporter met on the sidelines of the forum with a number of participants who expressed their appreciation and due respect to the role played by the Qatari leadership to moderize the infrastructure of the Qatari society to cope with the 21th century.

Meanwhile former Assistant State Secretary and Current Director of Civil Strategy and Business Development in /Bechtel/ company, David Welch has voiced admiration at the promising projects Qatar has initiated. ''I noticed in the last 15 years the great changes that occurred in the state of Qatar which has mammoth aspirations''. David Welch believed that Qatar would be an example to follow for development in the region through reviving its economy and encouraged the US investors to get involved in enterprises in Qatar. "If we take into consideration the current events in the Middle East , we see that Qatar is blessed with political stability and security , the matter which made it win to host the World Cup in 2022.

Review has lauded the large turnout at the Business and Investment in Qatar Forum being held in New York, referring to the extensive presence of US and European companies. In statements on the sideline of the forum, he said that cooperation between the US and Qatar continues, noting that there are available opportunities for investment in the US. He also noted that there are opportunities in some Arab countries, pointing out that Qatar has invested in many Arab countries. The future looks as promising based on mutual benefit to both sides, said HE Dr. Qatar's Minister of Energy and industry Mohammed Bin Saleh Al-Sada. Less than two decades ago such an extensive partnership with major international energy companies would have been unthinkable, said Al-Sada.

For his part, Robert Hager, the Managing Partner of Patton Boggs' office in Doha and chairman of the US Chamber of Commerce in Qatar has found a valuable opportunity in the forum to initiate a network of communications between the Qatari authorities and the Qatari businessmen on one part and between the US companies and the businessmen wishing to undertake investment projects in Qatar on the other . "What happened gains a special importance especially when launching a programme to link some US companies with each sector. What is more noticeable is the presence, in the aforesaid forum, of the political decision makers and officials and directors of the qatari companies and institutions either in the public or the private sectors," said Robert Hager.

Elaborating Robert Hager said, "The entire world began to know qatar in view of its participation in world events and hosting the world cuo 2022 and called upon Qatar to hold other forums in other US cities and states such as Texas.'' The two-day Forum , which was attended by more than 1500 people including businessmen and political figures from the State of Qatar and the United States of America , has witnessed the signing of four agreements between Qatari and US companies aiming at upgrading and modernizing the infrastructure in qatar and modernizing the Qatar Airways, and this what the New York -based AECOM world company CEO Elliot Sander has confirmed. 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.