US Investment – Qatar’s New Venture Plans to Maintain Country’s Wealth
There are a number of countries that has a good and promising economy and one of it is Qatar as a matter of fact it ranks 3rd among countries with huge reserves of natural gas. 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. 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 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 perfect example for this one is the fact that they tend to use online free letterhead maker rather than purchase pricey software.
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. 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. Since Qatar is lies in the South Pars Field, this is another factor that contributes to its booming economy, the said place is known as one of the sources of natural gas. 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.
As mentioned earlier Qatar has been making investments in UK this year and for the next five years, the investment is approximately ?1 billion however the growth seems minimal compared to the past years which is quite alarming. With that being said, the QIA intends to invest in US, the expected amount for the investment is 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.