Greece ends investments with Qatar

CAIRO – 24 September 2017: Qatari state company, Al Rayyan, has stated it reached a deadlock with Greece, and in some cases, even faced open hostility by local officials, according to Greek Reporter news agency.

In a press statement on Thursday, Al Rayyan said that some people in Greece simply “do not want foreign investment…We cannot invest by force.”

The Qatari report stated that “throughout this period of adversity and difficulty, despite promises that the investment landscape would improve, there has been no improvement, nor is there any hope that something will change.”

It adds that the company will continue to pay its taxes and meet other obligations to the Greek state, albeit without pursuing its plans for investment.

On June 5, Egypt, Saudi Arabia, the United Arab Emirates (UAE), and Bahrain severed ties with Qatar, shutting down all ports of entry over accusations of the country’s support and sponsorship of terrorism, allegations Doha denies.

Since then, Qatar has resisted reconciliation attempts and has not shown any efforts in disassociating itself from terrorist groups that were proven to be harbored and financially supported by Doha.