Qatar eyes increased investment in Thailand

By The Nation

 

Somkid Jatusripitak

 

Qatar is interested in expanding its investment in Thailand to increase the trade value of US$3.9 billion (Bt119.2 billion) witnessed last year by the two countries, Deputy Prime Minister Somkid Jatusripitak said after meeting Qatari Deputy Prime Minister and Foreign Affairs Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani on Thursday.

 

Somkid said Qatar wants to expand investment in Thailand’s energy, medical care, aviation, and tourism sectors by collaborating with both the public and private sectors.

 

Qatar also has a sovereign wealth fund of more than $338 billion to expand investment overseas, including in Thailand, Somkid added.

 

“We have assigned the Board of Investment to collaborate with Qatar to promote investment in the Eastern Economic Corridor and other projects that meet the demand of Qatari investors who see Thailand as a gateway to other Asean countries, especially the CLMV [Cambodia, Laos, Myanmar, Vietnam] bloc,” he said.

 

Source: https://www.nationthailand.com/business/30375611

 

-- © Copyright The Nation Thailand 2019-08-30

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Wonder if more cooperation with the south is expected?

21 hours ago, webfact said:

We have assigned the Board of Investment to collaborate with Qatar to promote investment in the Eastern Economic Corridor and other projects that meet the demand of Qatari investors who see Thailand as a gateway to other Asean countries

Careful Somkid.

Qatar is aligned with Iran. Iran is an archenemy of POTUS Trump. Any trade negotiations between the U.S. and Thailand might be affected by Thailand's relationship with Qatar.