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Economic News

Qatar looks to new high-potential tourism markets
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Moves to expand promotional activities in India, China and Russia, coupled with the easing of visa requirements, have helped to diversify Qatar’s tourism industry, helping to offset a fall in arrivals from neighbouring states. In mid-May Qatar Tourism Authority (QTA) opened its first representative office in Mumbai, with the aim of raising the country’s profile as a business and leisure destination. While…
Economic News

Preventative care and private engagement key to Qatar’s new health strategy
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Qatar is placing significant focus on preventative health care as part of its new five-year plan for the sector, with efforts to improve the general health of the population and reduce the cost of service provision set to offer increased opportunities for private sector investment. Unveiled on March 24, the National Health Strategy 2018-22 sets out a series of measures aimed at reversing the rise…
Economic News

SMEs set for growing role as Qatar looks towards private sector diversification
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Small and medium-sized enterprises (SMEs) could be set for a much more prominent role in Qatar, with the government stepping up efforts to collaborate with local companies as part of broader diversification plans. Local SMEs were presented with a series of potential business opportunities at the third annual Government Procurement and Contracting Conference & Exhibition (Moushtarayat), held…
Economic News

Qatar ramps up infrastructure rollout
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Rising demand for hard infrastructure in Qatar is providing more opportunities for local construction firms, with smaller-scale businesses set to be key beneficiaries of nationwide development projects. At the end of December thePublic Works Authority (Ashghal) announced plans to invest QR21.8bn ($6bn) in infrastructure projects during 2018 across a range of sectors, including real estate,…
Economic News

Leading gas producers in Qatar merge to improve energy efficiency
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Qatar has merged its two majority state-owned liquefied natural gas (LNG) producers and stepped up output, with the aim of increasing its competitiveness in global markets. On January 1 officials announced the establishment of a new company, Qatargas, following the successful integration of Qatargas and RasGas, the world’s largest and second-largest LNG producers, respectively. The two companies,…
CEO Survey Analysis

Adapting to Change: Qatar’s CEOs Identify Alternative Solutions Going Forward

As I write this in January 2018 and look back to a year ago, the economies of the GCC were hoping that oil prices had bottomed out and that the next 12 months would herald greater market stability. While it would take until the early summer for oil prices to stabilise and settle, albeit at rather more muted levels than their heady highs a few years previous, Gulf watchers anticipated a moderate year…
CEO Survey in Figures

OBG Business Barometer: Qatar CEO Survey

OBG Business Barometer: Qatar CEO Survey Copyright (c). All rights reserved. This survey has been designed to assess business sentiment amongst business leaders (Chief Executives or equivalent) and their outlook for the next 12 months. Unlike many surveys, the OBG Business Barometer is conducted by OBG staff on a face-to-face basis, across the full range of industries, company sizes and functional…

Analysis

Qatar's visa-free programme to mitigate fallout from the regional blockade
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On August 9, 2017 Qatar announced a programme that grants visa-free entry to citizens of 80 countries, allowing nationals of 33 of those nations to stay for 180 days and those from the remaining 47 countries to stay for up to 30 days. The list includes India, Turkey, most of Europe, China, the US, Canada, South Africa and Indonesia. In early September 2017 Morocco was added to the list, joining…

Analysis

Qatar's six-year blueprint emphasises private sector development and entrepreneurship
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Like many of its GCC neighbours, Qatar has implemented an overarching, long-term strategy that provides a set of development objectives, known as Qatar National Vision 2030 (QNV 2030). Organised around four main pillars – human, social, economic and environmental development – the stated goal of QNV 2030 is to transform the country into an “advanced country… capable of sustaining its…

Analysis

Qatar government forecasts declining economic deficit as global oil prices recover
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While Qatar has made great strides to diversify its economy, government revenues are still heavily dependent on the hydrocarbons industry. As a result, low global oil prices caused a major contraction in state income. This coincides with an already planned peak in government spending on infrastructure, including preparations for the 2022 FIFA World Cup. Fortunately, a combination of factors…