Business Slow Down
The local businesses are slowing down due to several factors;
- Local oil and gas sector is under pressure, due to which many have lost their jobs. New hiring in this sector is out of question.
- The local real estate sector is witnessing rental fall and downward trend, because population growth is not happening any longer.
- The banking sector is under pressure due to shortage of liquidity, which is why they are not able to give easy loans to the local businesses and projects.
- The business diversification has also been very slow, which is further set to aggravate the business prospects in the days ahead.
- Slow payment by the contractors and business houses is yet another worrisome issue, which is becoming a major hurdle in the local businesses growth and diversification.
- Only bright star is the WC 2022 projects that are going on, since the govt. has indicated to fund them all via the local bonds money. Ideally, instead of local bonds, there should have been international bonds, because local bonds will further suck out the residual liquidity from the local banking sector, as a result of which, the local business financing would further head down.
- Many countries including China with huge surplus monies are searching the globe, to forge joint ventures in the mega industries of ship building, airplane assembling, auto assembling and food processing industries etc, but Qatar is unfortunately not coming on their radar, despite having its strategic central location on the world map.
WT, People like you will go & buy sand if allowed to ........ ...... ........ You get what you deserve my pal .......
Foreign inwards investments are the strategic ways forward, if Qatar wants to keep its GDP lead.
You forget one thing, equinox, the whole Middle-East is an unstable region and almost none of their leaders deserves any trust!
WT, One agenda is there in your mind which is boiling since yesterday eve ........ ............. A wise son never complains to the strangers against his father ................ ..........
The US, for example, invested heavily in countries ruled by dictators (kings, etc.) in the Middle-East as well as in Asia and South America. However, when the governments became unstable or unpredictable the US normally sent in their troops and removed the tyrants. However, the Middle-East IS already at war, that's why no sane investor will consider it.
Qatar isn't "stable". It depends on oil and gas. Commodities are volatile. The government funds are not unlimited, but the government is the sole guarantor. That's not enough since it is an undemocratic government and not trustworthy.
Equinox: China is investing in Africa with certain objectives .. Some to do with exerting political influence and gaining control of natural resources .. Qatar would not allow this and this they would not invest
If China can go and invest heavily into in-stable African countries, why cannot they invest in Qatar where stability and security have been consistent.
If French, Chinese and Japan companies can invest in the local contracting sector, why cannot they invest in other sectors in Qatar.
WT, You live under the illusion my pal .............. There is sun up above the clouds .............. you have to believe that ..........................
No sane investor will put his money in a "kingdom" or an "Emirate" where a single person can change the laws at will!!
Our hopes are on the blue sky ........... as ever ................ !!