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Analysis

Qatar creates an ecosystem to bridge education and industry needs
OBG
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As Qatar’s tertiary education sector grows, so do the connections between universities and employers in the country. A number of universities are offering executive education or continuing professional development courses for those already in employment, while researchers are keen to work alongside potential end-users of their innovations. However, as with any education system, gaps remain…

Analysis

Research centres support industrial innovation in Qatar
OBG
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Qatar is pushing forwards with its goal of becoming a centre for research and development, after establishing a new government agency aimed at encouraging and nurturing innovation. The Qatar Research Development and Innovation (QRDI) Council is chaired by Khalid bin Mohamed Al Attiyah, the deputy prime minister and minister of state for defence affairs, with Sheikha Hind bint Hamad Al Thani,…

Analysis

Private and public projects improve Qatar's health care facilities
OBG
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Qatar is fast-tracking the construction of a number of new hospitals and clinics as part of efforts to keep up with demand and establish the country as a regional and global leader in health care. Under the Qatar Healthcare Facilities Master Plan (QHFMP), an ambitious 20-year policy blueprint launched in 2013, the government set itself the target of completing 48 new projects by the end of…

Overview

Demand for pharmaceuticals is on the rise worldwide
OBG
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In recent decades, the pharmaceutical market has expanded its geographic reach. This trend appears to be here to stay; in a survey of major pharmaceutical firms conducted by global consulting firm PwC’s Strategy& team, more than half of respondents anticipated that over 30% of their global sales would originate in emerging markets by 2018. Even in the most newly opened markets, drug companies…

Overview

Consumer confidence and local brands drive Qatar's retail growth
OBG
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Wide-reaching economic reforms and a strong investment promotion drive are helping to bolster Qatar’s retail sector. In response to the blockade imposed by some of its neighbours in June 2017 Qatar has expanded its trading relationships, particularly with Iran, Turkey and Russia. The country has also promoted its own domestic industries to help surmount limitations on imports. As a result,…

Overview

Strategic legislation to benefit Qatar in the new decade
OBG
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Since gaining independence in 1971 Qatar has quickly risen to prominence both regionally and internationally to become an economic, political and cultural powerhouse in the Middle East. With a relatively small local population and substantial revenue generated from having the third-largest proven natural gas reserves globally, Qatar has one of the world’s highest GDP per capita: $70,700 at…

Overview

Qatar's diversification strategy supports economic development
OBG
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Qatari authorities are forging ahead with growth plans by emphasising economic diversification in line with Qatar National Vision 2030, while also kick-starting the process of increasing the output of liquefied natural gas (LNG) by roughly two-thirds. In parallel with the construction of six new LNG trains, the country is also in the process of building the Middle East’s largest single-site…

Overview

Qatar's modern port and airport infrastructure attracts international investment and facilitates trade
OBG
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Qatar’s wealth of hydrocarbons puts it at the centre of global trade, with its liquefied natural gas (LNG) feeding factories in China and powers stations in Japan, while its helium is used in everything from MRI scanners to aircraft parts. The revenue that has flowed into Qatar in the two and a half decades since gas exports were first shipped from its ports has enabled the country to build…

Overview

Regional integration and multilateral agreements among emerging economies is boosting trade
OBG
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Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. In a projection issued even before Covid-19 began to seriously disrupt the global economy in early 2020, the World Trade Organisation expected growth in trade volumes to ease to 2.6% in 2019 before rebounding to 3% in 2020. This would be the first time since the 2007-08 global financial…

Overview

Strategic regulations support positive performance by Qatar's local banks
OBG
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Against a backdrop of sluggish global economic growth and ongoing tensions in the region, Qatar’s banking sector is proving to be strong and resilient, with growth in assets and profits reported by nearly all of the country’s listed institutions at the end of 2019. Following the conclusion of the country’s first ever banking merger, there were five conventional Qatari commercial banks…