Guided by plans laid out in Qatar National Vision 2030, the country is on track to upgrade and connect its land, air and sea networks in 2019. The first trains are set to run on the new Doha Metro network, while dozens of expressway bridges, underpasses and intersections are due for completion. Organisation efforts for the 2022 FIFA World Cup have added urgency to the drive to improve...
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The potential for the industrial sector to play a major role in Qatar’s economic growth was officially recognised in 2008 with the publication of the country’s plan for long-term development, Qatar National Vision 2030. Since then Qatar has taken a number of steps to increase the incentives available to foreign investors interested in supporting the country’s industry. Boosted by a new project...
Its relatively small population and status as the world’s biggest gas exporter have helped Qatar become the richest country globally in terms of GDP per capita, which stood at $72,700 at current prices in 2019, according to IMF estimates. In recent years, however, the nation has faced strong economic headwinds from a drop in global energy prices to a diplomatic blockade.
Moving to increase its air transport and logistics capacity, Qatar has directed new funds towards the upgrade of Doha’s Hamad International Airport (HIA), while Qatar Airways, the nation’s flag carrier, has also forged new passenger and cargo links.
Economic update | Qatar: Year in Review 2018
11 Jan 2019
Strong gains by the non-oil and gas sector underpinned solid growth in Qatar’s economy in 2018, laying the foundations for further expansion as the country works to mitigate the fallout from the regional blockade and step up efforts to diversify its economy.
Increasing efforts to diversify its economy and realign its trade relationships, Qatar is building new links and expanding ties with existing partners.