December 16, 2008
Qatar eyes fishery investments in Philippines
Qatar has expressed its interest in investing in agricultural and fisheries projects in the Philippines.
The Emir of Qatar, Sheikh Hamad Bin Khalifa Al-Thani, told Philippine President Gloria Macapagal Arroyo of trade investments during their bilateral meeting at the Emiri Diwan Royal Palace in Qatar on Sunday (Dec 14).
Qatar which imports most of its agricultural requirements from various countries is strengthening its economy by diversifying into new asset classes.
Carrying out the diversification program is the government-owned Qatar Investment Authority (QIA).
Arroyo ordered Philippine agriculture secretary Arthur Yap to come up with the needed project proposals that would respond to Qatar's requirements.