Qatar best in world for investment, says Al Baker

Qatar Airways boss says tiny Gulf state is 'buzzing with energy' in run up to FIFA 2022 World Cup
Qatar best in world for investment, says Al Baker
Qatar Airways CEO Akbar Al Baker
By Daniel Shane
Mon 22 Apr 2013 08:57 AM

Qatar is the most attractive country in the world in terms of investment potential, according to the boss of the Gulf state’s national airline.

Speaking at an event in Berlin, Qatar Airways CEO Akbar Al Baker said that investment opportunities in the gas-rich country were increasing as it diversified its economy, builds more infrastructure and increases levels of education and healthcare.

“There is no other country in the world that has a more attractive proposition than Qatar; with so many projects either underway or in the pipeline, the business environment is buzzing with energy in almost every sector,” Al Baker told the Business & Investment in Qatar Forum this week.

“Since we won the bid to host the FIFA World Cup just over two years ago, we have seen an influx of international businesses setting up in Doha and a significant increase in projects to support the event.”

Al Baker added that with foreign visitors rising by 50 percent last year, he expected there to be increases in hotel spaces and other facilities to cater to burgeoning number of business and leisure travellers to the country.

Qatar is planning to invest $200bn in infrastructure projects over the next ten years, with much of this sum going towards developments related to the FIFA 2022 World Cup, in addition to a new airport, sea port and rail network.

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