The Middle East

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Though Qatar's economy is underpinned by its hydrocarbons wealth, the state is looking to a future in which information technology will play a vital role.
In a bid to develop a knowledge-based economy, Ras Al Khaimah (RAK) is working to promote the use of information and communication technology (ICT) to gain an edge over its neighbours.
At a time when other countries are scaling back spending or focusing on loss mitigation, Qatar is pushing ahead with a programme of investments to further strengthen the economy.
Like many other countries around the world, Abu Dhabi is seeking to alleviate the effects of the global financial crisis through increased public spending, manifested by an overhaul of the entire transportation system.
Although an upturn is expected in 2010, the correlated real estate and construction sectors have been scaling back as the global economic crisis takes effect, with predictions of a lean year.
Over the past few years, Ras Al Khaimah (RAK) has embarked on an ambitious programme to increase the level of health and education facilities across the country, as well as implementing reforms designed at opening up these sectors to private enterprise and investment.

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