Feasible Steps That Qatar Investment Authority Plans to Do in The Future
It is a prevailing fact already that Qatar is one the wealthiest countries with huge reserves of natural gas in the world. 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. As of today, Qatar have already invested a big chunk of money in Britain, the investment is estimated ?35 billion moreover another investment is expected to happen for the next five years since they have plans in investing in UK’s energy resources, IT department and infrastructure.
The QIA or also known as Qatar Investment Authority holds 20% in one of London’s international airports meanwhile the Qatar airways are considered as a major stockholder in British airways since last year. 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. The frugality that they possess is even supported by a survey which indicates a significantly high number of business owners who prefer cheap or free services even if they can pay for greater services. A perfect example for this one is the fact that they tend to use online free letterhead maker rather than purchase pricey software.
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 . This creates a significant impact in Qatar’s economy since more the 1/4 of UK’s fuel imports are in a form of natural gas. 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. Indeed there is a great oil output in the country on a yearly basis but still people put significant emphasis on conservative approaches to provide sustainability in the coming years.
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. One of the new investment ventures that they intent to go is making an approximately $35 billion worth of investment in US, this is quite a risk but surely a worth it endeavor.
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.