CPEC is already booming with the projects which are in progress. A lot of international investors have their eyes on CPEC to be part of it. The Gulf States Qatar, UAE, and KSA have always been interested in this region to expand their influence by investing. Qatar will invest in CPEC. This will help to promote regional connectivity and mutual prosperity. This is indeed welcoming news where the economic situation seems to be unstable.
Qatar and Pakistan have cordial ties that go beyond brotherhood expansion to economic partnership. The areas to be further enhanced our bilateral economic and investment engagement, mainly in renewable energy including solar and wind power generation, aviation, maritime, industrial and infrastructure development, and hospitality sectors.
The Emir of #Qatar’s 🇶🇦 office announced today that the Qatar Investment Authority (QIA: $450 billion sovereign fund) will “invest $3 billion in various commercial and investment sectors in the Islamic Republic of #Pakistan” 🇵🇰 pic.twitter.com/k34eESaNeQ
— The Intel Consortium (@INTELPSF) August 24, 2022
— Developing Pakistan (@developingpak) August 24, 2022
Pakistan has unique geographic and demographic advantages, which if combined with strategic location, huge middle-class market, and a large skilled workforce will help in strengthening the ties.
QIA is one of the largest sovereign wealth funds in the world. The government has assured to provide full facilitation to the QIA through transparent and expeditious processes. The Prime Minister said, “We want to transform our historical bilateral relationship into a more robust strategic relationship. We talked with Qatari investors to invest in Pakistan and we are doing this to bring prosperity to the people of Pakistan.”
He also stated, “Pakistan and Qatar have a clear vision of the future which offered new opportunities and avenues in a swiftly changing world. There is greater awareness between the two countries of the need for upgrading the bilateral relations by making economic cooperation the pivot of bilateral ties”.
The official statement released by Prime Minister said, “The prime minister stressed the need to further enhance bilateral economic and investment engagements, particularly in the renewable energy including solar and wind power generation, aviation, maritime, industrial and infrastructure development, and hospitality sectors.”