(MENAFN - The Peninsula) The Peninsula
DOHA: The Qatari Businessmen Association (QBA) organised a business meeting with a delegation representing Business Executives for National Security (BENS). The meeting was held on the sidelines of the delegation's visit to Doha, where both sides discussed Qatar's economic conditions under the blockade and the strategy of the Qatari private sector in dealing with the situation.
On the QBA side, the meeting was headed by Sheikh Faisal bin Qassim Al Thani, QBA Chairman; Hussein Al Fardan, First Deputy to the Chairman and QBA members including Khaled Al Mannai, Salah Al Jaidah, Saud Al Mana, Mohamed Althaf and Sarah Abdullah, QBA Deputy General Manager, among the others.
Sheikh Faisal welcomed the US delegation, saying that the Qatari-US relations are witnessing continuous development in all fields and are reinforced by meetings and mutual visits of officials of both countries. He added that the Qatari private sector under the leadership of the Emir HH Sheikh Tamim bin Hamad Al Thani, is working to enhance opportunities for cooperation and support economic relations between the two countries
For his part, Norton Schwartz, President and CEO of BENS, an American non-profit organisation stressed that Qatari-US relations are based on solid foundations and strategic partnership.
He also briefed QBA members on the objective and role of the foundation. More than 450 senior executives, from business and industry sectors, are volunteering their expertise to address the most pressing challenges in the national security as well as supporting government efforts to address other important challenges such as cyber security, he said.
The American delegation asked QBA members about the negative impact of the embargo. In this regard, QBA members stated that all negative effects have been addressed by finding quick alternatives.
Qatar's relations and fair reputation in international markets have resulted in international support against the blockade. Also, Qatar's private sector has been able to play a supportive role with its counterparts in other countries, receiving positive and quick reactions from foreign companies to cooperate in resolving the crisis.
Sheikh Faisal stressed that the Qatari economy has overcome the economic and financial impact of the blockade, as it immediately created effective links and partnerships with partners from different countries to find suitable alternatives to meet the needs of the Qatari market, while at the same time working to achieve self-sufficiency of the state. He also added 'the Blockade has contributed to our unification to work on a single goal and achieve Qatar's self-sufficiency
Hussein Al Fardan stressed that the Qatari economy will be stronger after this blockade due to the continuation of the strategy of opening up the economy and providing attractive opportunities for foreign investors, adding that free zones and the procedure taken by HH the Emir for the benefit of foreign investors would facilitate and attract FDI opportunities and thus quickly overcome the side effects of the blockade. He also added that he believes in Qatar's ability to export its national products to the world soon
The members also discussed Qatar's unique geographical location with the largest port in the region, an international logistics fleet as well as Hamad International Airport as one of the world's most distinguished airports; all will contribute to the easiness of reaching out to partners in international markets.
Finally they stressed that QBA members and the Qatari business community in general do not limit themselves in terms of investments; but are always looking forward to the development of economic and investment relations with different countries of the world.