Doha, May 20 (QNA) - Founder of Bloomberg Media Group, Michael Bloomberg, described the State of Qatar as a leading economic model and a positive force for stability and peace, endowed with a long-term strategic vision.

Speaking during the opening session of the fifth Qatar Economic Forum, Powered by Bloomberg, which took place in Doha on Tuesday, Bloomberg stressed that the State of Qatar represents a positive force for stability and long-term thinking, including its strategic foresight in the energy sector.

He pointed out that the State of Qatar is one of the world's leading exporters of liquefied natural gas and invests billions in renewable energy both at home and abroad. This economic leadership and strategic foresight, he said, should serve as a source of inspiration for other nations.

Furthermore, Bloomberg lauded Qatar's active role and diplomacy in conflict resolution and dispute settlement, emphasizing that there is ongoing diplomatic work taking place behind the scenes, work that people may not readily see, through which Qatar exerts its efforts to help parties to the conflict engage in dialogue, thereby contributing to making the world a better place.

He noted the partnership between the State of Qatar and Bloomberg Media Group in organizing this forum, which this year convenes nearly 2,500 participants from various countries around the globe.

This gathering comes amid the economic perturbations and instability the world is currently facing, which have led to market fluctuations, the ramifications of a global trade war and pervasive uncertainty, as well as ongoing military conflicts and the mounting costs of the climate crisis, Bloomberg highlighted.

Held this year under the theme ‘The Road to 2030: Transforming the Global Economy', the forum is witnessing broad international participation to share perspectives on the most pressing global and regional economic issues.

The agenda is structured around five core thematic pillars, primarily geopolitics, globalization and trade, energy supplies and security, the realities of emerging technologies, the business and investment outlook, and the future of the sports and entertainment sectors. (QNA)