Feasible Steps That Qatar Investment Authority Plans to Do in The Future
It is a prevailing fact already that Qatar is one the wealthiest countries with huge reserves of natural gas in the world. At this point, Qatar is one of the major suppliers of natural gas all over the globe with over 15 billion barrel of oil reserves it is expected for them to supply similar amount of natural gas for the next 23 years. As of today, Qatar have already invested a big chunk of money in Britain, the investment is estimated ?35 billion moreover another investment is expected to happen for the next five years since they have plans in investing in UK’s energy resources, IT department and infrastructure.
The QIA or also known as Qatar Investment Authority holds 20% in one of London’s international airports meanwhile the Qatar airways are considered as a major stockholder in British airways since last year. Another plus factor is the fact that Qataris pay greater amount for a bottle of water compared to purchasing gas but despite the country’s great wealth they tend to be prudent with money matters. The frugality that they possess is even supported by a survey which indicates a significantly high number of business owners who prefer cheap or free services even if they can pay for greater services. For instance, instead of spending their money on pricey software they go for online free letterhead maker.
It is also a must that you are aware of the fact that Qatar is the primary supplier of LNG in almost all parts of UK, the term LNG stands for liquid natural gas. This is such a good thing to hear knowing that one of UK’s fuel imports is natural gas which covers 30% of the said import. The geographical location of Qatar is one of the reasons why it continues to progress since the place where the country lies is known as a natural gas field. Even if there is a good source of oil output in country still many people are using conservative strategies in order to provide sustainability in the coming years.
The investment that Qatar has made up to this day and for the next five years is almost ?1 billion each year however the returns are quite minimal compared to the past years and so the country needs to deal with new investment plans. This is the main reason why the QIA plans to seek other countries where they can invest and make significant returns and apparently they go for US as their next target, they plan to go for an investment that is approximately worth $35 billion.
Even if Qatar is seen as one of the wealthiest countries in the world, the country needs employ feasible steps that will keep their country’s wealth and status high more importantly that people are drastically shifting to renewable energy sources.