Advisory Council refers draft law on foreign investment to committee

 13 Feb 2018 - 2:10

Advisory Council refers draft law on foreign investment to committee

QNA

DOHA: The Advisory (Shura) Council yesterday discussed a draft law regulating the investment of non-Qatari capital in economic activity and issue of food security during its regular weekly session under the chairmanship of its Speaker H E Ahmed bin Abdullah bin Zaid Al Mahmoud.
The a draft law regulating the investment of non-Qatari capital in economic activity comes within the framework of the State’s economic policy which is aimed at encouraging investment and attracting foreign investment, the Speaker said, adding that it is expected to have a positive impact on the movement of the Qatari economy. The Council then decided to refer the draft law to the Finance and Economic Affairs Committee to study it and submit a report thereon to the Council.
At the outset of the meeting, the Speaker of the council Al Mahmoud briefed the members of the council on the results of the third conference of the Arab Parliaments and Arab Parliamentary Speakers which held on Saturday at the headquarters of the Arab League General Secretariat in Cairo. Al Mahmoud also briefed the Council on the series of meetings he and the accompanying delegation held on the sidelines of the conference, which included a meeting with the President of the Inter-Parliamentary Union, Secretary-General of the Arab League and President of the Parliamentary Assembly of the Mediterranean.
The Council also reviewed a request for a general discussion presented by a number of members on the issue of food security. Members of the Council stressed the exceptional importance of this issue, particularly in light of the unjust siege imposed on the country, praising the efforts exerted in this regard which have so far achieved significant results as self-sufficiency reached high rates in a number of commodities and products such as vegetables, meat, dates, fish, dairy, poultry and eggs.
The Speaker affirmed that these important objectives were achieved thanks to the directives of the Emir H H Sheikh Tamim bin Hamad Al Thani, who placed food security at the forefront of the country’s strategies and development plans. After extensive discussions, the Council decided to forward the request for a general discussion to the Finance and Economic Affairs Committee to study it and submit a report thereon to the Council.
The Advisory Council’s Financial and Economic Affairs Committee held a meeting within the 46th regular session of the Council chaired by Ali bin Abdullatif Al Misnad. The committee studied the following draft laws: A draft law on national tourism council; a draft law on regulating tourism; and a draft law on organising business events.  The committee will submit its recommendations to the Advisory Council.