US Investment – Qatar’s New Venture Plans to Maintain Country’s Wealth
It is a prevailing fact already that Qatar is one the wealthiest countries with huge reserves of natural gas in the world. At this point, Qatar is one of the major suppliers of natural gas all over the globe with over 15 billion barrel of oil reserves it is expected for them to supply similar amount of natural gas for the next 23 years. As of today, Qatar have already invested a big chunk of money in Britain, the investment is estimated ?35 billion moreover another investment is expected to happen for the next five years since they have plans in investing in UK’s energy resources, IT department and infrastructure.
The bond that Qatar and UK has is quite deep since the QIA or widely known as Qatar Investment Authority owns an approximate of 20% in one of London’s international airports while the Qatar Airways is a major stockholder in British Airways since 2016. 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. There was a survey conducted which reveals that most Qatar-based business owners go for cheaper or free services even if they can afford those expensive ones. For instance, instead of spending their money on pricey software they go for online free letterhead maker.
Aside from the fact that the country has high investments in London, it was also revealed that the country is the major supplier of the LNG needs in almost all parts of UK, LNG refers to 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 location of Qatar became its strengths as well, since the place is said to be 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.
Despite the fact that Qatar has a booming economy and considered as one of richest countries all over the globe still the country need to devise steps and future plans that will keep their status high more importantly these days wherein people are starting to go for renewable sources of energy.
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