Qatar’s Investment Promotion Agency is hosting its first booth at the 2025 World Economic Forum
The Qatar Investment Promotion Agency set up its first booth at the 2025 Annual Meeting of the World Economic Forum in Davos, Switzerland, to highlight opportunities for global cooperation, according to a statement released on Saturday.
Qatar’s Pavilion
Qatar’s pavilion brought together business leaders, investors, and other important people from all over the world to explore Qatar’s business environment and investment opportunities. The pavilion hosted several events in partnership with important local organizations, such as the Doha Forum reception, where the theme for 2025 was announced. The Qatar Free Zones Authority and Qatar Financial Centre also organized an event to help people connect and find opportunities for working together.
The pavilion also hosted the Qatar Media Agency event, which shared information about investment opportunities in the technology sector. Two discussions were held with The Economist Impact, focusing on global connections and innovation.
The agency said it also organized many meetings and events during the forum.
Sheikh Ali bin Alwaleed Al Thani, CEO of the Qatar Investment Promotion Agency, said, “The launch of Qatar’s pavilion shows our commitment to supporting the country’s global priorities. It also highlights Qatar’s position as a top investment destination.”
Qatar’s Economy
Qatar’s Finance Ministry reported that the country made $13.3 billion in revenue in the fourth quarter, a decrease from $14.1 billion in the previous quarter. Compared to last year, total revenue decreased by almost $2 billion, or 12.5%.
Qatar’s total spending in the fourth quarter was $13.1 billion, which is also a 12% decrease compared to last year. Of the revenue, $11.5 billion came from oil, and $1.8 billion came from non-oil sources.
For 2025, Qatar expects $53.8 billion in revenue and $57.4 billion in spending, which means there will be a budget deficit of $3.6 billion. Around $11.3 billion will be spent on health and education, making up 20% of the total budget.
In December, the IMF said that Qatar’s economy is recovering from the slowdown after the World Cup. They expect GDP to grow by 2% for 2024-25, thanks to growth in liquefied natural gas (LNG) production and improvements in the economy.
Rating
Fitch Ratings raised Qatar’s rating from AA- to AA in March last year. They said Qatar’s finances are strong and will continue to improve, with LNG revenues helping the country maintain budget surpluses for the next decade.
Published: 27th January 2025
Also Read:
Saudi Telecom (stc) plans to join Telefonica’s board
UAE banks’ assets hit $1.2T in October 2024, says CBUAE
Oman issues $72.2M in treasury bills with 4.3% returns
