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...
The Middle East
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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.
Focused on boosting visitor numbers and overall investment in the tourism sector, Abu Dhabi has announced a reduction in fees placed on hotels, as well as funding for a three-year promotional campaign.
On March 12 the Department of Culture and Tourism – Abu Dhabi (DCT...
A group of domestic and international investors have acquired a 44% stake in Boursa Kuwait, the country’s stock exchange, with plans in the offing to launch an initial public offering (IPO) for the remaining shares.
Changing labour market trends, in part a result of efforts to boost the number of domestic citizens in the workforce, are shifting Saudi Arabia’s economy and the retail sector in particular.
In a boost to its standing as a centre for advanced research and innovation, Dubai has been chosen to host an affiliate centre for the Fourth Industrial Revolution Network, an initiative of the World Economic Forum (WEF).