Qatar Economy

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Qatar’s economy maintained steady growth throughout 2017, with forecasts of a stronger year to come as efforts to boost self-sufficiency in key sectors gain traction.

What do you identify as the most promising business opportunities for the private sector given the decrease in public spending?

What prompted the recent acquisition of Banif Bank in Malta and does this signify a new strategy of diversification into financial services?

Stability and consolidation were Qatar’s watchwords in 2016, as the government continued to make long-term investments in national infrastructure at a time of restricted economic growth in the region.

Omar Alfardan: It is important to develop a wide range of hotels that will address the unique needs of various travelers; having projects in all segments will attract a more diverse selection of travelers who have particular needs in terms of facilities and budget.

In mid-December 2015 Qatar’s Ministry of Development Planning and Statistics cut the country’s GDP forecast for the year to 3.7%, down by nearly half from an earlier prediction of 7.3% and the 6.1% recorded in 2014.

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