GEOPOLITICS | Qatar Says LNG Facility Repairs Could Take 2-3 Years

Qatar Central Bank Governor and Qatar Investment Authority Chairman Sheikh Bandar bin Mohammed bin Saoud Al-Thani said damage to the country’s LNG facilities could take two to three years to repair, according to Bloomberg. He said the conflict has contributed to a 7% economic contraction even as the non-hydrocarbon economy grows. Al-Thani also said Qatar’s strong fiscal position has allowed the Qatar Investment Authority to keep investing globally, with technology and AI among its main focus areas, while the central bank is deploying AI across its operations.