Qatar highlighted as investment and trade partner

1 February 2012

The Australia Arab Chamber of Commerce and Industry (AACCI), supported by NSW Trade & Investment, is hosting a business event in Sydney on February 13 to outline commercial opportunities in Qatar.

NSW Deputy Premier and Minister for Trade and Investment Andrew Stoner said Qatar was going through an exciting phase as it prepared to host the 2022 FIFA Soccer World Cup. "Billions of dollars will be invested in Qatar's economy in the coming decade and we are keen to see NSW companies access business opportunities created by this growth."

Mr Stoner said: "The Middle East is a growing international business centre and a key market for our State. Our Abu Dhabi office gives NSW a greater capacity to build awareness of our world-class products and our strengths in financial services, infrastructure and construction, education, tourism and financial services."

Qatar is currently the number one economy in the Arab world (comprising more than 22 countries) and ranks 14th in the world for global economic competitiveness, three spots ahead of Saudi Arabia, according to the Organisation for Economic Cooperation and Development (OECD).

The OECD rates Qatar as one of the most prosperous and fastest-growing economies in the world. It cites Qatar's high-quality institutional frameworks (underpinned by highly efficient government institutions, high levels of security and low levels of corruption), efficient goods' market and a stable macroeconomic environment as the foundation for its excellent global standing.

At the AACCI event, two experts will discuss key business and investment opportunities Qatar. Former Australian Trade Commissioner for Qatar and Abu Dhabi, Elizabeth Gordon, will discuss how Qatar has begun to transform itself since winning the bid to host the 2022 FIFA World Cup. She will also provide a general overview of the current economic climate, plus market trends in sectors such as infrastructure, construction, finance and housing.

Paul Morris, GHD's Global Leader for Property and Buildings, will provide a case study of GHD's current activities in the region, including the Grand Hyatt Resort, Al Bida Tower and larger projects such as the Doha Airport Terminal Extension and Al Wakrah Hospital. Mr Morris has been responsible for establishing GHD's urban development services division in the region.

For more information telephone AACCI on (02) 9238 2048 or visit AACCI's Upcoming Events webpage www.austarab.com.au/upcoming-events.