From The Report: Qatar 2020
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In response to the blockade imposed by some of its neighbours in June 2017 Qatar has expanded its trading relationships, particularly with Iran, Turkey and Russia. The country has also promoted its own domestic industries to help surmount limitations on imports. As a result, the retail sector has shifted towards locally produced goods, especially in food and luxury segments. The supply of retail space has risen, supporting Qatar’s reputation as a regional shopping centre. While there are issues such as an oversupply of commercial space, the change in the foreign direct investment law and the 2022 FIFA World Cup position Qatar well for medium-term growth. This chapter contains interviews with Bader Al-Darwish, Chairman and Managing Director, Fifty One East; and Khaled Sam Hosn, CEO, Mall of Qatar.