By Awadhoot Pathak
Doha – The blockade against Qatar has opened new opportunities in Qatar, said Abdulla Hassan Al Mehshadi, Chief Executive Officer of Msheireb Properties. He was speaking as a panelist at the 6th Annual Risk Management Forum at Bin Jelmood House, part of Msheireb Museums in Msheireb Downtown Doha.
Aysha Al Mudhahka, Chief Executive Officer of Qatar Business Incubation Centre, and Salman Hasan Al Thani, Chief Financial Officer of Qatar Foundation, were the other panelists.
Al Mehshadi said the blockade has led to an opening of the eyes of businesses, making them think about the new opportunities that can be explored. He said though initially there was panic and people faced problems to a limited extent, the major issue then, was of ensuring continuous supply of commodities and materials. “For this, the supply chain was re-routed. With the new supply chain and new players, we are getting better quality of goods and services at reduced costs. In the days to come, the availability of materials, would be much wider.”
Echoing Al Mehshadi’s views, Al Thani said there was initial panic, however things stabilized soon. “The blockade paved the way for new partnerships not only in business, but also in the field of knowledge-sharing. It created several new opportunities and of course reduced the costs.”
Al Mudhahka appreciated the government’s handling of the crisis, saying the government came up with some right policies and bold decisions to overcome the challenges. “The blockade is a big eye-opener for us. It gave us a chance to identify the local talent and promote entrepreneurship skills among them. At the same time Qatar’s relationship with other nations was re-defined, which helped in new ventures.” She made a special mention of Qatari-Korean ties, saying its results would become evident in the market soon.
Some of the participating delegates, too termed blockade as an excellent opportunity for businesses to grow in the country and appreciated role of the Qatari people and expatriates in facing the challenge in the aftermath of the blockade.
The people were energised, realised that Qatar had to stand alone and face the situation. They faced it with more resilience, pro-actively and in more focused way, said another delegate at the forum.
The programme ended with an open question-answer session. Arthur Winks, Risk Specialist at Msheireb Properties, conducted the panel discussion.