Deputy Premier: Economic growth in region linked to
First Deputy Premier and Foreign Minister HE Sheikh
Hamad bin Jassem bin Jabor Al Thani delivered an
inauguration speech at the Conference on Enriching the
Middle East Economic Future, which started on Monday 30
January 2006. More than 250 economists and specialists
from various Middle Eastern, Arab, Asian and European
countries as well as the United States participated in
this two-day meeting.
First Deputy Premier stated in his speech that economic
and social stability are essential factors for the
economic growth of the countries of the Gulf region.
Therefore, it is mandatory to keep these countries safe
from crises and political struggles, as well as exerting
sincere efforts to promote peace and prosperity in the
region, His Excellency noted.
Countries of the Middle East in general and the Gulf
region specifically enjoy a significant and exceptional
geo-strategic importance, in which political, economic
and security factors meet and attract the world’s
attention and interest,” The Deputy Premier said.
importance of the region’s countries originates from
diverse reasons, the first of which is the considerable
natural resources, such as oil & natural gas, they
possess which affect deeply the sustainable growth of
the world’s economies,” His Highness emphasised.
Qatari first deputy premier and foreign minister also
said that the region has huge reserves of energy
resources, citing the fact that OPEC, with GCC countries
and Iran accounting for the majority of its members,
have some 70 percent of the world’s oil reserves.
Natural gas reserves in the region are also estimated to
account for about half the world’s total reserves, he
said, noting that Qatar and Iran have the largest
reserves of natural gas.
“These resources are vital for any sought-after
socio-economic development in the world, and growth of
the global economy depends very much on the
accessibility to the these resources,” HE the First
Deputy Premier said, specifying that a host of
inter-related factors should, therefore, be taken into
“Among others, economies of the region should be taken
care of, as economic and industrial growth in countries
of the region would surely be reflected positively, in
view of the inter-related and inter-dependent relation
between various economies of the world featuring out the
global landscape,” he said.
success of the region’s countries in accomplishing their
development plans, especially on the social and economic
levels would greatly contribute to the establishment of
political stability. Subsequently, some far-reaching
benefits would be yielded through the optimal
utilisation of available economic and financial
resources,” HE the First Deputy Premier and Foreign
Information Agency of the State of Qatar