ExxonMobil invests over $16bn in Qatar

ExxonMobil has invested more than $16bn in Qatar and is proud to be the largest US foreign investor in the country, chairman and CEO Rex W Tillerson has said.
“Qatar’s sound, market-based strategies have led to sustained growth and capital projects that are transforming markets and carry the promise to improve the lives of millions,” said Tillerson in his keynote address at the Business and Investment in Qatar Forum in New York yesterday.
“Despite the challenges facing the world, we at ExxonMobil remain confident about the future, in part because in places such as Qatar, we have seen how government and business can both play a role in re-invigorating growth and improving opportunity for all,” Tillerson said.
The forum promoted the role of Qatar in the business and investment world and highlighted the opportunities the country offers. More than 500 officials, dignitaries, and high-level executives attended. ExxonMobil was a host sponsor.
The forum is held under the patronage and in the presence of HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor al-Thani.
Prominent speakers led various sessions on topics such as Qatar National Vision 2030, energy and industry, finance and banking, health and education, infrastructure and real estate, culture and sports. HE the Minister of Energy and Industry Dr Mohamed bin Saleh al-Sada, and Alex Dodds, president and general manager of ExxonMobil Qatar, were panellists at the session on energy and industry.
“Thanks to the vision of HH the Emir, Sheikh Hamad bin Khalifa al-Thani, Qatar has become an example for the world,” said Dodds.
“Qatar promotes investment, innovation, free trade, open competition, and access to resources that will bring long-term economic development to Qatar and much-needed energy to the world’s growing economies,” Dodds added.

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