Al-Tuwaijri: Qatar Leading Country in Investment

Doha, February 20 (QNA) - Qatar is a leading country in attracting foreign investment, said Arab League's Assistant Secretary General for Economic Affairs Mohammed bin Ibrahim Al-Tuwaijri. On the sidelines of Arab Business Community 14th Forum, Al-Tuwaijri said that Qatar managed this status thanks to the unique incentives for investors, improve the investment-attracting environment through several measures and steps such as improving the business environment. Al-Tuwaijri said that the Arab League is working on an Arab rescue plan to help get the Arab economy out of the current crisis it has been through after the outbreak of Arab Spring and after the world economic crisis that started in Fall 2008. Al-Tuwaijri said Arab trade exchange is minimal due to the absence of an active inter-Arab trade, and added that he hopes small and medium enterprises will flourish between Arab countries. He said also that high growth rates in some Arab countries aren't necessarily accurate and sometimes are unrealistic and don't reflect the internal situation of each country. Growth must be interpreted through job opportunities, Al-Tuwaijri said. "If there are jobs and lower rates of poverty and unemployment, we can say that we have good growth. If this growth didn't reflect and was just on paper, then it's in vain," said Al-Tuwaijri. (QNA)