The Next Dubai

The tiny mideast country of Qatar is a new hotbed of infrastructure activity and foreign investment, leading some to suggest that it will be the next place to take off in the region.
April 9, 2011, 11am PDT | Nate Berg
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With extra attention on the country as it prepares to host the 2022 World Cup, Qatar is luring investment from all over the world.

"Investing in Qatar is not only now popular on Wall Street, with Washington's blessing.

According to Mr. Ray LaHood, U.S. Secretary of Transportation, America's partnership with Qatar is mutually beneficial.

'Qatar has emerged as a regional power, but also a remarkable partner. Between 2004-2010, trade between our nations more than doubled. Qatar is our largest single foreign investor. The bottom line is that President Obama and this administration are enormously optimistic about the American and the Qatari people continuing collaboration,' he said."

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Published on Friday, April 8, 2011 in CNBC
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