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Retail is an increasingly important part of economies in the Gulf, with retail space accounting for around 6m square metres of all commercial property; up from only 1m square metres in the early 1990s.
The creation of a knowledge- based economy in Qatar is considered essential to the country's future prosperity.
Growth has continued at an exponential rate in Qatar with large-scale real estate developments rising around the country. However, until recently there has been little focus on environmentally friendly projects and green construction.
As Qatar diversifies its economy beyond hydrocarbons, there has been a rise in government spending on infrastructure, funded by rising oil prices.
With a constant rise in global demand for natural gas projected to continue unabated well into the future, the industry remains significant to the economy.
Although on the rise, trade among members of the Gulf Co-operation Council is low compared to trade with other economic blocs.

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