Recent efforts by the Qatari government to diversify the economy have paid off in terms of helping the country weather the recent downturn in global oil and gas prices.
- Economy: A Welcome Buffer – The non-hydrocarbons sector has remained robust in recent years, allowing Qatar to sustain strong economic growth.
- Construction: Strong Growth – Significant infrastructure expansion projects and major real estate developments have been a boon to the construction industry.
- Tourism: Qatar-Bound – Tourism has been identified as a priority growth sector, and recent government initiatives have seen hotel capacity, visitor attractions and connectivity improve.
- Banking: Credit on the Rise – Along with many of Qatar’s other non-hydrocarbons industries, the financial services sector has seen higher activity.
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