QBA reaffirms full support to strengthen Qatar's economy and market stability

Doha [Qatar], March 12: The Qatari Businessmen Association (QBA) reaffirmed its full support for Qatar's national economy and its unwavering commitment to sustaining economic stability during an extraordinary meeting held yesterday. The association stressed that all its economic institutions and affiliated companies, both within Qatar and internationally, are fully mobilized to serve the national interest.
QBA emphasized that Qatari businessmen stand united behind the wise leadership of Amir of the State of Qatar His Highness Sheikh Tamim bin Hamad Al Thani and pledged to support all sectors of the economy in addressing regional challenges. The association reiterated its national commitment to implementing the country's economic policies and working in close coordination with government authorities to ensure market stability and the uninterrupted continuation of economic activity.
The association highlighted its ongoing engagement with representatives of foreign companies and international business councils operating in Qatar, who reaffirmed their commitment to continue operations and maintain the country as a preferred destination for investment and business activities.
QBA expressed gratitude to Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman Al Thani and to all sovereign ministries, for their pivotal role in maintaining the country's stability and security under the current circumstances.
The association also extended thanks to the Ministry of Commerce and Industry, the Ministry of Municipality, and the Ministry of Public Health for their continuous monitoring of markets and ensuring the availability of essential goods. QBA noted that dedicated task forces and monitoring committees are operating round the clock to maintain market stability during the holy month.
The association praised private sector companies and local farms for supporting national efforts by supplying food products, dairy, water, and fresh poultry across commercial outlets. It confirmed that markets have not experienced significant shortages, helping preserve price stability in the local market.
QBA underscored that Qatar's economy is built on solid foundations, supported by prudent economic policies, substantial financial reserves, advanced infrastructure, and diversified strategic investments. These strengths enable the national economy to navigate regional and international developments with confidence.
In this context, QBA members and affiliated companies reaffirmed their full commitment to supporting market stability and ensuring the continuity of economic activity. The association stressed that the private sector will continue collaborating with government authorities to strengthen supply chains and ensure the uninterrupted availability of essential goods and services for the community.QBA also reassured both local and international investors, as well as foreign business councils, thatQatar maintains sufficient strategic reserves of essential commodities, particularly in the food and pharmaceutical sectors. The association highlighted that advanced logistical capabilities and diversified supply networks guarantee the efficient and continuous flow of goods into local markets.
QBA emphasised that the resilience of the Qatari economy is reinforced by a strong financial base. The country's banking sector maintains a high degree of stability, with capital adequacy and liquidity ratios exceeding international standards. Qatar also holds strong sovereign credit ratings from leading global rating agencies, backed by substantial financial reserves and prudent fiscal policies, enhancing confidence in the economy.
The association highlighted that Qatar remains one of the most stable and attractive investment destinations in the region, a fact reflected in international reports, including those presented at the World Economic Forum in Davos. Major economic projects and strategic investments continue according to approved plans, supported by advanced legislation and world-class infrastructure.
QBA reaffirmed that international investors can operate in Qatar with full confidence, noting that the country's business environment remains highly stable and investment-friendly due to its advanced regulatory framework and proactive economic policies.
Through these measures, QBA stressed its unwavering commitment to the national economy, ensuring market stability, and supporting Qatar's continued economic growth and resilience.
Source: Qatar Tribune