Qatar's Ambassador to Venezuela: Doha Plans to Increase its Investments Globally

Caracas – Information Office – 30 August

HE Ambassador of the State of Qatar to the Republic of Venezuela Batal Mojab Al Dosari stressed that what was said about Qatar's intention to liquidate some of its property in a number of countries in the world to counter the pressures caused by the siege is only a rumor launched by the siege countries.

Qatar's Ambassador said in an interview with the Venezuelan newspaper "El Club de las Naciones", that Qatar Investment Authority intends to increase its property in the world.

In response to a question on whether Qatar is restricting its investments in Europe, Al Dosari said that although Qatar's main investments were concentrated in Europe, Qatar Investment Authority opened an office in New York in 2015 and plans to invest $ 35 billion in the United States by 2020.

The Ambassador said that there are also investments for the State of Qatar in Asia, Russia, Turkey, China, Singapore and India.

In response to a question on whether the State of Qatar has reached oil and energy sector-dependent economy, the Ambassador noted that "according to the International Monetary Fund, the size of the Qatari economy amounted to $170 billion and is not dependent only on the energy sector."

Concerning the role of the new Hamad port, Al Dosari explained that the port, which will be officially opened in the first week of September, is considered as one of the largest ports in the Middle East and it is expected to achieve a shift in economic diversification and to improve the competitiveness of Qatar in line with Qatar National Vision 2030.

The Ambassador pointed out that the capacity of the new port will reach 7.5 million TEU per year after completion of all stages. He pointed out that the port includes a general cargo terminal with a capacity of 1.7 million tons per year.