The telecoms sector in Qatar has grown at a tremendous rate over the last decade. Mobile phones are now virtually ubiquitous across the country, while the use of other communications technologies such as smartphones, tablet computers and broadband internet connections continues to increase in popularity. Significant public sector investments...
Developing telecommunications has been a priority for Qatar. Ooredoo, formerly Qatar Telecom (Qtel), led investment for several decades until the government sought to eliminate Qtel’s monopoly. Competition was introduced through legislations which increased private sector participation, leading to Vodafone’s entry. The World Economic Forum’s “...
Small and medium-sized enterprises (SMEs) make up the vast majority of business in Qatar, as is the case in the broader MENA region. Enterprise Qatar, the state-backed SME support vehicle that was established in 2011 and has since been absorbed by Qatar Development Bank, reported that SMEs constitute some 97% of the private sector. Qatar...
With Qatari residents benefitting from one of the world’s highest levels of GDP per capita, and enjoying the resultant disposable income, demand for new retail space has reached historic highs. The retail segment is set to welcome more than 1m sq metres of net leasable area (NLA) before 2020, adding much-needed space to a fast-growing market,...
In 2014 Qatar’s real estate market officially surpassed its 2008 highs, with rapid expansion driven by a growing population, shrinking average household sizes and a shortage of available units in the residential sector. This expansion has not been painless, with rental and land price inflation putting the market, and wider economy, at risk of...
As already seen in Qatar’s real estate segment, inflation is becoming a challenge to future growth. Although it has yet to reach the same highs as in 2008, inflation has been rising in recent years, with contractors facing escalating labour, land and materials costs as the state rolls out wave after wave of infrastructure builds. Although the...
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