Feasible Steps That Qatar Investment Authority Plans to Do in The Future
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. If your country is one those that relies heavily in natural gas then here’s a good news, Qatar has approximately 15 billion barrels of oil that is projected to supply similar amount of natural gas for the next 23 years. 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.
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 good thing is that Qataris pay cheaper amount for their gas compared to bottled water however despite its country’s wealth they tend to be frugal. 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. A good example of this is the use of an online free letterhead maker instead of purchasing an expensive online application.
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 . The UK’s fuel imports comprises of natural gas that covers 30% of it, this in turns is a good thing for Qatar’s economy. 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. Although there is good oil output in a yearly basis still many people shows inclination towards conservative strategies to promote sustainability in the years to come.
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.
It is imperative that Qatar take into consideration new ways that will keep their country’s status high even if the country is considered as one the wealthiest countries all over the globe these days since many people are leaning towards renewable source of energy.