The state’s economic development strategy has until recently focused on building the infrastructure required to maximise production in the energy sector. As production levels have stabilised, and with most major energy-related investments either completed or on hold until the moratorium on new development at the North Field is lifted, the...
In the past decade, countries across the GCC have been initiating comprehensive infrastructure overhauls, constructing airports, seaports, highways and roads in rapid succession. In 2013 alone, the six countries making up the GCC set aside a total of $350bn for transport projects – $45bn in Qatar alone, Doha Bank’s group CEO, R Seetharaman, told...
Qatar National Vision 2030, the country’s blueprint for the future, lays out ambitious goals for environmental, social, human and economic development in the coming decades. As part of these economic plans, the authorities aim to invest energy revenues into infrastructure projects, in order to build an environment in which a more diversified...
The economic diversification strategy Qatar has opted for rests on reinvesting the income from hydrocarbons sales. Developing a base for industry and manufacturing has been a pillar of this, with accelerated efforts to grow the sector taking place over the past decade. Building on Qatar’s comparative advantages, the government has focused on...
Having steadily invested in developing a growing industry of downstream petroleum products, the country has created an industrial base that adds value to the significant hydrocarbons output that is a core part of the country’s strategy to diversify the economy and to drive growth. Qatar Petroleum (QP) oversees or has played a role in almost all...
The petrochemicals industry has come a long way, building from virtually no base to exporting about 10m tonnes of chemicals, polymers and fertilisers per annum, according to the Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat). In the past two years stakeholders have announced several major investments. In May 2013...
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