Doha, October 20 (QNA) - In its editorial on Tuesday, Qatari newspaper Al-Raya hailed the State of Qatar's ability to maintain its position as one of the fastest growing economies in the world, with plenty of investment opportunities in many sectors, stressing that this reflects the progressive policies and the financial and legislative reforms adopted by the State recently.

The newspaper emphasized that the Qatari economy is the strongest and the most developed and stable in the region, as economic figures show that Qatar comes at the forefront of the countries of the region, and in advanced ranks at the global level in terms of strength and durability of the economy, as well as an attractive destination for foreign investment.

In this regard, Al-Raya referred to Chief Executive Officer of the Qatar Financial Centre (QFC) Yousuf Al Jaida's affirmation that the State of Qatar has made great progress, which has contributed to attracting global investors to the stock market, regular local bonds and sukuk issuances, as bond and sukuk issuance reached $28 billion in 2019, representing a compounded annual growth rate (CAGR) of 28% since 2015, and at the forefront of this growth was the conventional bonds, which made up 83 percent of total issuance, and particularly sovereign bonds, which included the successful issue of a $12 billion international jumbo bond in March 2019.

The newspaper noted Qatar's position as one of the reliable global economies, pointing out that international credit rating agencies, including Moody's and Standard & Poor's (S&P), have confirmed the attractiveness of Qatar as an investment hub, given that the State of Qatar, which provides regulatory, legislative and digital frameworks and entrepreneurship, represents a sustainable climate to ensure the success of international investors, as it focused on its strengths and worked to strengthen them in order to build a resilient and diversified economy with access to large global markets, in parallel with the government's efforts to diversify the economy.

The paper expressed confidence that the State of Qatar is moving forward in implementing its major development plans, which have contributed to consolidating its position as one of the region's most stable, competitive and growing economies, noting that the Qatari economy has witnessed a great recovery, as hundreds of Qatari companies were opened in the fields of food manufacturing and services and manufacturing industries, as well as the expansion of industrial cities and the creation of promising investment opportunities in the non-oil sectors.

In conclusion, Al-Raya said that the State of Qatar will remain an investment partner that enjoys full confidence, and affirms that economic reforms have begun to bear fruit, as the State's economy is proceeding at a confident pace. (QNA)