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Foreign direct investment crucial for economic growth

Qatar's Minister of State Ahmad bin Mohammed Al Sayed at the Wyoming Global Technology Summit. (QNA)
  • Qatar's Ahmad bin Mohammed Al Sayed underscores the pivotal role of foreign direct investment in economic diversification and job creation
  • The summit gathers global leaders to address key challenges in economic diversification and the impact of technology on rural populations

Jackson Hole, Wyoming — Foreign direct investment plays a pivotal role in economic diversification and job creation, said Ahmad bin Mohammed Al Sayed, Qatar’s Minister of State and Chairman of the Board of Directors of the Free Zones Authority.

During a panel discussion at the Wyoming Global Technology Summit (WGTS) in the USA, he emphasized Qatar’s distinctive approach in leveraging wealth and investment for job creation and economic progress.

This year’s WGTS spotlighted economic diversification through the strategic use of energy-generated wealth.

The Summit consistently gathers government leaders, tech entrepreneurs, and financial experts to address key challenges in economic diversification.

The conference assembled leading wealth and technology figures globally to delve into economic diversification methods and the impact of technology on rural populations, both in Wyoming and worldwide.

While in Jackson Hole, Ahmad bin Mohammed engaged with local government and business leaders, exploring ways to bolster trade and investment ties between Qatar and Wyoming.

On the conference’s sidelines, he also met with North Dakota Governor Doug Burgum, discussing mutual trade and investment prospects between Qatar and North Dakota.

Earlier this month, Ahmad bin Mohammed convened with Chairman of CPPCC Guangdong Provincial Committee Lin Keqing and his delegation at the Ras Bufontas Free Zone, joined by senior QFZ officials.

The dialogue underscored the investment opportunities and exceptional advantages provided by QFZ, backed by Qatar’s state-of-the-art infrastructure, enticing companies to invest and set up operations in Qatar. This meeting was succeeded by a guided tour of the Business Innovation Park at Ras Bufontas Free Zone. (QNA)