Qatarâ€™s inward foreign investments have grown by 6.6 per cent in the first quarter of 2019, local media reported yesterday.
Quoting a joint study by the Qatari planning ministry and the countryâ€™s central, the media pointed out that the total foreign investments in Qatar had amounted to 722.6 billion Qatari riyals ($199.7 billion) at the end of the first quarter of 2019.
â€śInward foreign investments to Qatar reached 677.7 billion Qatari riyals ($187.31 billion) at the end of the first quarter of 2018,â€ť the official report pointed out, adding that the Gulf stateâ€™s inward investments were growing by 1.1 per cent on a quarterly basis. â€śQatarâ€™s foreign investment hit 714.7 billion riyals ($197.5 billion) at the end of the last financial year.â€ť
The study explained that the inward foreign investments were amounting to â€ś67.9 per cent of Qatarâ€™s total 490.5 billion riyals ($135.6 billion) investment.â€ť
The Foreign Direct Investment (FDI) in Qatar, the report noted, had reached 123.7 billion riyals ($34.2 billion), representing 17.4 per cent of the nationâ€™s total investments. On the other hand, financial portfolio investments amounted to 105.6 billion riyals ($29.2 billion), registering 14.6 per cent of the Gulf stateâ€™s total annual investments.
The study was based on â€ścomprehensive dataâ€ť from major Qatari private companies as well as some state-owned enterprises, which jointly represented 84 per cent of the nationâ€™s inward foreign investment.
Doha has been experiencing a fully-fledged blockade by Saudi Arabia, United Arab Emirates (UAE), Egypt and Bahrain since June 2017. The Arab countries have accused Qatar of â€śsupporting terrorism,â€ť but Doha has denied the accusation ever since.