Keeping Qatar's High Status By Means Of New Investment Plans
Many people are quite aware of the fact that Qatar is considered as one of the wealthiest countries in the world with a significantly high levels of natural gas reserves. The amount of oil reserves that they are able to store is projected to supply gas for the coming years which is a good thing for countries that relies heavily with those resources. But of course, the latter is just one aspect that makes the economy of Qatar promising, many might not be aware about it but the country actually have huge investments in Great Britain for about ?35 billion and it is expected to invest another ?5 billion in UK's energy resources, IT sector, and establishments for the coming years.
It is also a fact that the QIA also known as Qatar Investment Authority owns approximately 20% in one of the major international airports in London and they are a major stockholder in British Airways. Another plus factor is the fact that Qataris pay greater amount for a bottle of water compared to purchasing gas but despite the country's great wealth they tend to be prudent with money matters. The frugality that they possess is even supported by a survey which indicates a significantly high number of business owners who prefer cheap or free services even if they can pay for greater services. A good example of this is the use of an online free letterhead maker instead of purchasing an expensive online application.
It is also a must that you are aware of the fact that Qatar is the primary supplier of LNG in almost all parts of UK, the term LNG stands for liquid natural gas. This is such a good thing to hear knowing that one of UK's fuel imports is natural gas which covers 30% of the said import. The geographical location of Qatar is one of the reasons why it continues to progress since the place where the country lies is known as a natural gas field. Even if there is a good source of oil output in country still many people are using conservative strategies in order to provide sustainability in the coming years.
Qatar has been providing an investment for approximately ?1 billion to UK each year, starting this year and for the next five years however the returns have actually slowed down compared to the past years which is quite disturbing. This is the main reason why the QIA plans to seek other countries where they can invest and make significant returns and apparently they go for US as their next target, they plan to go for an investment that is approximately worth $35 billion.
Even if Qatar is seen as one of the wealthiest countries in the world, the country needs employ feasible steps that will keep their country's wealth and status high more importantly that people are drastically shifting to renewable energy sources.
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