Qatar to boost private sector incentives, investments

Source: Xinhua| 2017-10-28 19:12:07|Editor: Song Lifang
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DOHA, Oct. 28 (Xinhua) -- Qatar will boost the role of the private sector in economic development, to facilitate investments in the industrial sector and develop business environment in Qatar, Qatar News Agency (QNA) reported on Saturday.

Qatar Minister of Finance Ali Shareef Al Emadi held a meeting with a number of senior officials of Russian companies, on the sidelines of the 7th edition of the "Russia Calling!" conference in Moscow.

The Qatari minister stressed that developing business investments in Doha will be through putting in place legislative framework, laws and procedures to facilitate domestic and foreign investments.

Earlier, Qatar's government announced measures to help private sector businesses on October 8 after its economy was hurt by sanctions imposed by other Arab states, by cutting rents paid by companies in Qatar's logistics zones in half during 2018 and 2019.

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties on June 5, accused Doha of supporting terrorism, which Doha denies.