Thaddeus Malisa, economic and financial advisor at the Qatar Financial Center, noted the stability of the general economic situation in the State of Qatar compared to many other countries, especially energy-exporting countries, stressing that this stability is derived from the Qatari economy’s strong link with its global partners and customers, stressing in an article published However, Qatar is able to take advantage of its competitive advantage in the main supplier of the state in the long term, adding, “In the short and medium term, the State of Qatar will work to strengthen and expand its international and global partnerships. It will also benefit from its experience to overcome the challenges related and arising from the Corona pandemic.”
He also noted that the State of Qatar continues to implement many of the projects that have been announced, as Qatar Petroleum and the Qatar Investment Authority will continue to benefit from the investment opportunities offered in many countries.
Thaddeus Malisa, economic and financial adviser at the Qatar Financial Center, said in the long term that Qatar Petroleum will be able to enhance its leadership in the production of liquefied natural gas by expanding the North Field in Qatar, which would make the State of Qatar expand its production capacity significantly and acquire a greater market share in the field of energy production. In particular, natural gas, which will enable it to maintain its position as one of the largest producers and exporters of this energy with an important advantage, which is that it is the least expensive in the world.
He pointed out that at a time when the State of Qatar is expanding its activities and projects in the field of energy and many other projects, producers and exporters of high cost are canceling their projects and leaving the market.
He stressed that the State of Qatar has great flexibility in facing urgent challenges, just as it succeeded in facing the challenges arising since the beginning of the unjust blockade on the State of Qatar, which enjoyed the experience and has searched for various investment, industrial and productive opportunities thanks to its strategic partnerships with many partners and countries.
Thaddeus Malisa, economic and financial adviser at the Qatar Financial Center, mentioned raising the economic prospects of the State of Qatar through the multifaceted stimulus plan that the government put in place in March, stressing that the State of Qatar is the only country in the Gulf Cooperation Council countries until now is still recording a financial surplus Estimates issued by the International Monetary Fund, and continued, “The economic prospects of the State of Qatar appear promising and optimistic, as the International Monetary Fund expects 2021 expansion of real GDP at a rate of 5%, which will be the fastest in the region, given what is beyond that with the nature and capacity of the State of Qatar To adapt to the various emerging challenges, and accordingly we can look forward to a prosperous future for the Qatari economy. ”