Qatar’s air and sea ports have long been central to the country’s economic expansion. Most recently, the 2010 announcement that the country would host the 2022 FIFA World Cup accelerated the government’s drive to upgrade transport infrastructure, prompting significant increases in public financing. There is also a renewed emphasis on sustainability in the sector, as the development of...
The beginning of the 21st century heralded a period of rapid industrial growth for Qatar, fuelled by its abundant oil and gas wealth. The country is vying with the US for the position of the world’s largest producer and exporter of liquefied natural gas. Gas resources have been harnessed to develop strong downstream industries and related exports, but the instability in oil and gas prices...
Qatar is undertaking a major long-term expansion strategy in the North Field to increase the production of liquefied natural gas (LNG). The project, which involves tens of billions of dollars worth of investment, seeks to boost the country’s LNG capacity by 64% by 2027. The move is in line with the goal to capture greater global market share and is expected to help Qatar consolidate its...
Faced with the changes associated with technological innovation, the global transition towards renewable energy and increasingly unpredictable weather patterns, the dynamics of the global insurance industry are shifting. While Qatar’s insurance market is growing, certain segments remain underdeveloped. The sector has traditionally been hindered by low insurance penetration and therefore has...
Qatar’s Islamic banking industry is one of the world’s largest and most experienced, given than its first entity – Qatar Islamic Bank – was established in 1982. Four decades later, as business confidence and economic growth is returning after two years of slowdown, the sector stands ready for renewed expansion. It can build on the important role it played in response to the virus, when it...
Well capitalised and supported by one of the world’s wealthiest economies, Qatar’s banking sector has successfully navigated a range of external challenges in recent years. It has emerged from the Covid-19 pandemic in an advantageous position to leverage the resurgence in local and international demand for a variety of financing options. Consisting of commercial, Islamic, investment and...
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