2017 proved a turbulent year for Qatar, dominated by the diplomatic rift that emerged between the country and several other regional states in June 2017. However, Qatar has adapted quickly, with many in the local business community confident about the future.
In the past decade or more, Qatar has started to assert itself in the world of global sports. It has achieved this mainly through its athletics federation and Olympic committee with the country’s winning bid to host the 2022 FIFA World Cup evidence of the increasingly prominent role that sport is taking in Qatar. The government has also made efforts to expand the role of sports and related...
The large-scale investments of the past half-decade look set to continue driving Qatar’s health sector in 2016. With a rapidly rising population and household incomes well above the developed-world average, public and private sector outlays are on track to keep rising alongside a state-led push to raise quality and expand services. As the public sector enters a new cost-optimisation phase in...
With the fall in oil prices underlining the dangers of an over reliance on hydrocarbons revenues, Qatar has continued to forge ahead with its economic diversification drive in 2016. Non-hydrocarbons growth now outstrips hydrocarbons growth, with several big-ticket construction projects, an increasingly dynamic financial services sector and a growing reputation as a tourist destination all fuelling non-oil expansion.
Qatar’s rapid population growth over the past 10 years and the rising incidence of lifestyle-related diseases means the state represents the fastest-growing health care market in the GCC. The sector is forecast to be worth some $9bn by 2018, about double the $4.6bn seen in 2013, with the inpatient market pegged to hit $2.5bn and the outpatient market expected to reach $6.6bn by that time....
Hydrocarbons revenues, specifically from liquefied natural gas, still form the bulk of Qatar’s national income. However, as the country moves forward with Qatar National Vision 2030 (QNV 2030), the government is increasingly seeking to diversify the economy away from hydrocarbons while investing in renewable solutions to meet the energy demands of the future.
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