Qatar Economy

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Mirroring a trend seen across the Gulf, two lenders in Qatar announced the country’s first bank merger in a move officials say will support economic growth and the development of the financial and private sectors. 

A series of initiatives designed to promote entrepreneurship and incubate start-ups in Qatar are strengthening the country’s research, development and innovation (RDI) ecosystem.

 

How do you view the role of the government versus that of the private sector in driving growth?

 

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).

 

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...

 

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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