Qatar sets sights on Asia after diplomatic blockade

Following the blockade of Qatar by major Arab nations four months ago, the oil and gas-rich state has turned its attention to Asia in the hope of attracting more investments, especially from the private sector.

Sheikh Ahmed Bin Jassim Al Thani, Qatar’s Minister of Economy and Trade added that Qatar has looked for “alternative sources” of imports that were previously from Gulf Cooperation Council countries comprising Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman.

Qatar has looked for “alternative sources” of imports that were previously from Gulf Cooperation Council countries comprising Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman.

In June this year, several Arab nations, including the UAE, Saudi Arabia, Bahrain and Egypt, cut diplomatic ties with Qatar over the latter’s close links to Iran and support for extremist groups, which Doha has denied.

Source Credit: The Straits Times
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