On the occasion of Qatar National Day, HE the QCB Governor said that the celebration of this glorious day of our history is a confirmation of our recognition of this day's distinctive nature, when our ancestors united to choosea seasoned leader to lead their triumphant march.
He pointed out that the most important lessons to be learned from this occasion is that the celebrations allow our youth to learn about the hardship faced by our ancestors and the sacrifices they made in order to pave theway for us and future generations. The celebrations also instill in the them the ideals and great hopes that built our beloved country to enable them to follow the same approach, and emphasize the importance of choosing a wise, courageous and honest leaderwho maintains the interest of his people.
HE also said that there is no doubt that the National Day has a significant meaning to us; it reminds us of the sacrifices made by the founders and the importance of adhering to the principles laid down by the founding leader,mainly the willingness to sacrifice for the State of Qatar and defend it against any attempts to undermine its unity or cohesion.
HE added that celebrating this national occasion enable us to give the youth the opportunity to get acquainted with the heritage of their ancestors and remind them of the ideals and values upon which our beloved country wasfounded. This opportunity contributes to enhancing the loyalty and love toward this country.
The country has faced many external dangers from neighboring countries who tried to tear apart its unity and infringe on its sovereignty. The people of this country, who believed in its unity and pride, were motivated to unitebehind their wise leadership against the aggressors, in the past, and their attempts to dominate and control the state and its wealth, as is currently the case with the blockading countries.
HE Sheikh Abdullah bin Saoud Al-Thani stressed that the progress in the State of Qatar is great in all aspects. The State of Qatar has made great progress in various fields since its independence. In the economic field, theState has achieved one of the fastest economic booms in modern history. Its GDP jumped from about ten billion riyals in 1975 to more than six hundred billion riyals now. It is currently the largest producer of liquefied gas in the world. It also has an advancedindustrial sector, especially in the field of petrochemicals, iron, steel and aluminum, thus enjoying the highest income per capita in the world, in addition to having one of the strongest sovereign funds in the world.
HE pointed out that the march of achievements was not limited to this major economic boom; it extended to urban developments throughout the country as a result of the insightful vision of the leadership. During the past decade,the State of Qatar has been able to modernize its infrastructure and establish extensive and modern networks of roads and bridges. Additionally, it has a large collection of modern hospitals, research centers, health centers and universities, in addition tothe best seaport in the region and the best airport and airlines.
HE the Governor of QCB continued by saying that our economy is even stronger today than it was before the blockade. The state budget is currently experiencing a surplus after it had a deficit. Furthermore, the current accountbalance of payments is also witnessing a large surplus, which reflected positively on the international reserves and liquidity in foreign currency at Qatar Central Bank that declined by more than 20 percent during the first months of the blockade. Internationalreserves and liquidity recorded at the end of October of this year was about 54.2 billion dollars, exceeding what it recorded before the unjust blockade when it was 45.7 billion dollars at the end of May 2017.