Qatar National Vision 2030 recognises the need to diversify the economy by enabling a flourishing private sector and supporting entrepreneurs, who need seed capital and land for factories, offices and warehouses in order to grow. In 2ence011 the state created Manateq, tasking the agency with managing special economic zones (SEZs) and...
Since gaining independence in 1971 Qatar has quickly risen to prominence both regionally and internationally to become an economic, political and cultural powerhouse in the Middle East. With a relatively small local population and substantial revenue generated from having the third-largest proven natural gas reserves globally, Qatar has one of...
A number of significant developments related to foreign direct investment (FDI) set to be implemented by the end of 2019 will further strengthen Qatar’s appeal as a destination for international investors. Expected developments include the opening of two special economic zones (SEZs), changes to foreign investment legislation and the launch of...
Offsetting fluctuations in hydrocarbons output and prices, the non-energy sector accelerated in 2018, growing by 6% in the first half of the year, according to an IMF report released in November 2018. Real GDP growth of 2.4% was projected for 2018, up from the 1.6% growth of 2017. This expansion is set to gather momentum again in 2019, with...
When Qatar found itself subject to an economic blockade in 2017, a number of financial data points were of immediate interest to economic observers. The sudden withdrawal of foreign deposits was an early concern, and one which the government quickly overcame by pouring capital from public bodies into the system (see Banking chapter).
Rising oil prices and effective policy-making have played a significant role in returning Qatar to the healthy trade surplus it enjoyed prior to 2017, when political events caused substantial disruption to import and export activity. A swift response by a range of government ministries has secured new routes to global markets. In March 2018...
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