Qatari, Russian Economies Both Shown Ability To Withstand External Shocks - IPA CEO
ST. PETERSBURG (UrduPoint News / Sputnik - 07th June, 2021) T. PETERST. PETERSBURG (Pakistan Point news / Sputnik - 07th June, 2021) BURG, Russia, June 7 (ST. PETERSBURG (Pakistan Point News / Sputnik - 07th June, 2021) putnik), Jonathan Rowson - The economies of both Qatar and Russia have shown an ability to withstand external shocks and pressures in order to ensure stability for foreign investors, ST. PETERSBURG (Pakistan Point News / Sputnik - 07th June, 2021) heikh Ali Alwaleed Al-Thani, the CEO of Qatar's Investment Promotion Agency (IPA), told ST. PETERSBURG (Pakistan Point News / Sputnik - 07th June, 2021) putnik in an interview.
"I think that for foreign investors, Qatar represents a safe, stable economy, with a consistent growth story. We believe Qatar's economy is highly resilient. Very similar to the Russian economy in this context, we've managed to withstand a number of external shocks and to develop resiliency across different sectors in our economy," Al-Thani said on the sidelines of the St.
Petersburg International Economic Forum (SPIEF).
Qatar, while still a leader in the hydrocarbon industry, is looking to diversify its economy, Al-Thani noted, adding that the financial and digital sectors have both seen "robust growth" over recent years.
In total, more than 800 agreements, worth in excess of 3.8 trillion rubles ($52 billion), were signed at Russia's flagship economic forum, Anton Kobyakov, a Russian presidential adviser and SPIEF executive secretary, said Saturday.