Qatar Establishes Strong Bond with Italy to Get Rid of Regional Isolation

Qatar Establishes Strong Bond with Italy to Get Rid of Regional Isolation

The people residing in the small village of Cingoli did not know anything about the existence of Qatar. When a delegation from Qatar led by ambassador Abdulaziz Bin Ahmed Al Malki donated 5 million euros in order to construct a school in Macerata the locals learnt quickly about Qatar.

The Marche region had suffered a severe earthquake in the previous year and a lot of rebuilding needed to be done. It was quite difficult to carry out all the construction because the Cingoli was a struggling provincial community. Qatar has become extremely generous to Italy and had bought Costa Smeralda resort from American-Lebanese investor Tom Barrack in Sardinia.

By utilizing the funds from the Qatari charity organizations, the construction of numerous mosques is being financed by Doha. The investments and activities performed by Qatar have been witnessed after the country had faced isolation from its neighbors because of its association with the extremist groups. The political and economic ties between Italy and Qatar had taken place since 2012 when Qatari investment group Mayhoola acquired Valentino, which was a couture fashion house.

Since 2012, Qatar had been making assets in Italy in the field of hotels and leisure-related real estate. The relationship between the two nations improved when the former Prime Minister of Italy Matteo Renzi visited Doha informally. It is believed that he had met the previous emir, Sheikh Hamad bin Khalifa and his wife Sheikha Mozah in order to promote business and investments deals.

The mutual interests of Qatar and Italy have converged yet again. It is very important for Qatar to build a stable relationship with Italy in order to bypass its regional isolation. Italy is one of the biggest economies in the European Union and hence it is a good choice. Italy on the other hand has been battered by recession in the recent years.

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