While the rest of the world wallows in economic turmoil and crippling deficits, the Persian Gulf nation of Qatar can’t spend money fast enough — literally.
On Day Two of the Invest-In-Qatar Forum in New York, the focus moved from Qatar — petrochemical powerhouse, to Qatar — thriving infrastructure.
In the past decade, the Qataris have built their wealth from oil and gas assets. Sheikh Hamad points out it’s important to “protect our next generation.” As a result, the government has decided to invest in $30 billion outside Qatar this year, diversifying its assets. David Hamod, President & CEO of National US-Arab Chamber of Commerce said “Investing in the future is the essence of the Qatar Model.”
The buzz at the “Business and Investment In Qatar Forum” is summed up by a Pegasus private equity investor as, “get in soon, it’s growing fast.”
Qatar hosts its first Business & Investment Forum in New York. The country is planning to invest over $35 billion outside of Qatar this year. Sheikh Hamad bin Jassim bin Jabr Al-Thani, Prime Minister and Minister of Foreign Affairs of Qatar sat down with Maria Bartiromo in a CNBC Exclusive.
A look at the growing demand in natural gas and whether ExxonMobil's acquisition of XTO was too aggressive and too early. Rex Tillerson, ExxonMobil chairman/CEO, responds.
Qatar's Prime Minister Sheikh Hamad bin Jassim Bin Jabr Al-Thani discusses the nation's natural gas, global investments, and economic strength.
A look at what one big money player in the commercial real estate industry is buying, with Sheikh Hamad Bin Jassim Bin Jabr al-Thani, Qatar's prime minister, and CNBC's Maria Bartiromo.
â??What we are doing is investing in local stock markets,â? David von Simson, Chairman of the Qatar Investment Fund told CNBC. â?? We like the banks because by international standards they are extraordinarily well capitalized,â? Simson said.
Marios Maratheftis, head of research west at Standard Chartered, says Dubai, Abu Dhabi and Qatar will emerge as winners of the social unrest in the Middle East.
Qatar is predicted to be the fastest growing economy in the world in 2011, David Von Simson, chairman, Epicure Qatar Equity Opportunities, told CNBC. (Please note the protests shown in this clip did not take place in Qatar).
Vandana Hari, Asia news director for oil and gas at Platts, says Qatar is emerging as the biggest LNG producer in the world. She tells CNBC's Oriel Morrison that the country is looking to export the bulk of its natural gas to India and China.
FIFA dealt a blow to Qatar, which is hoping to host the first Middle East-based soccer world cup in 2022, saying there could be a health risk because of mid-summer heat. CNBC reports on Qatarâs bid.
Shashank Srivastava, CEO of Qatar Financial Centre Authority, makes a case for why Qatar is well-suited to be the region's financial hub, with CNBC's Christine Tan, Maithreyi Seetharaman and Yousef Gamal El-Din.
CNBCâs Guy Johnson explains why one of the worldâs richest men, the Emir of Qatar, is one of the most welcome guests in countries affected by the recession.
Shares of Doha Bank, the third largest retail bank in Qatar, are up 15% year-to-date. Raghavan Seetharaman, the bank's CEO, tells CNBC what the future holds for the company.
Qatar's Prime Minister Sheikh Hamad Bin Jassim Bin Jabr Al-Thani discusses where he sees opportunity around the globe, with CNBC's Maria Bartiromo.
Angus Blair, head of research at Beltone Financial, explains why he is bullish on Qatar banks. He shares his investment strategy, with CNBC's Yousef Gamal El-Din, Chloe Cho and Maithreyi Seetharaman.