Qatar’s health care sector has emerged as the highest-ranked system in the MENA region, according to the Legatum Prosperity Index 2018. The past 10 years have seen particularly quick improvement with Qatar rising from 27th place in 2008 to fifth in 2018 out of 148 countries in terms of its health care. This has been attributed to increased investment in new facilities, services and...
Education is an important pillar of Qatar National Vision 2030, the country’s development plan to diversify the economy and reduce its dependence on hydrocarbons. To that end, Qatar has prioritised developing and reforming the education sector, with a substantial portion of its energy revenue dedicated to education. Although the decline in international oil prices in recent years has resulted...
The 2016 slump in oil prices led the Qatari government to identify industries with high growth potential in a diversified economy. Tourism was among the sectors prioritised due to the opportunities presented by infrastructure investment and major events such as the 2022 FIFA World Cup. The sector’s promising performance comes amid the backdrop of a regional blockade led by Saudi Arabia and...
Qatar’s ICT market is well established, and characterised by high levels of mobile and internet penetration rates. Internet services are both affordable and quick, with fibre-based connections available since 2012. The country’s two main telecommunications operators are also working to roll out 5G services in all heavily populated areas by the end of 2020. The deployment of advanced technology...
As a key driver of diversification efforts, the real estate sector has been an important contributor to economic growth in recent years. According to a 2018 report, non-mining and quarrying sectors registered a combined compound annual growth rate (CAGR) of 6.8% between 2013 and 2017, which was largely attributed to four sectors: construction, health care, insurance and real estate, with the...
Qatar’s construction industry has flourished over the past five years to become a key engine of the economy. Although activity remains robust, the wider economic squeeze brought about by the 2014-16 oil glut has been felt in the sector, as the effects of lower oil and gas revenue trickled down to impact government expenditure and investor confidence. A narrower project pipeline and increased...
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