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Small and medium-sized enterprises key to global industrial growth
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Small and medium-sized enterprises (SMEs) drive economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. Their rise has been crucial to economic diversification and resilience, particularly in countries vulnerable to commodity price fluctuations. SMEs have also…

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Infrastructure projects boost capacity and save time at Qatar's seaports and airports
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The transport sector has played a key strategic role in the growth of Qatar’s economy, and in the decade since the country won the bid to host the 2022 FIFA World Cup, tens of billions of dollars have been directed towards its infrastructure. Qatar’s residents are already seeing the benefits of these developments. For instance, more than 15m of people had taken a QR2 ($0.55) ride on the…

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China’s implementation of a new trade network is energising the global construction industry
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From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system, fostering not only economic, but also cultural links…

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The pipeline of Qatar's construction sector takes it through 2022 and beyond
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As Qatar’s construction industry heads into 2020, there is a strong focus on what is to come beyond the 2022 FIFA World Cup, which has dominated the sector for much of the past decade. There are signs that Qatar’s economy has begun to rally, and while the country continues to rely on hydrocarbons revenue, the construction sector is playing an important role in increasing diversification.…

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Qatar's real estate market shows signs of recovery
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Although Qatar’s real estate sector is still experiencing the effects of the trade embargo imposed by some regional neighbours in 2017 as well as cyclical oil prices, the sector has begun to rebound, buoyed by continued government efforts to mitigate the economic consequences. The drop in oil prices in early 2020 amid the Covid-19 pandemic has affected economies worldwide, but the long-term…

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Rapid urbanisation and growing populations pressure emerging markets to solve housing deficits
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Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban areas; however, by 2018 this number had risen to…

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5G technology underpins Smart Qatar initiatives
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Qatar has positioned itself as a pioneer in ICT technology as the rollout of a 5G network across the country continues, bringing with it a host of exciting use cases for digital government and smart city initiatives. The country’s main telecoms companies, Vodafone and Ooredoo, reported stable performance in 2019 on the back of higher post-paid mobile revenue and fixed broadband services.…

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Qatar's medical tourism industry benefits from rising investment
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Medical tourism is on the rise across the world, driven by the increasing cost of health care services in many developed economies, coupled with falling costs for international travel. The global market was valued at $16.8bn in 2018 and at the time was expected to grow to $27.2bn by 2024. While disruptions to international travel triggered by the global spread of Covid-19 in early 2020 could…

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Diversified cultural offerings boost tourism in Qatar
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Tourism is one of the most promising prospects for growth as Qatar aims to shift its economy from one dependent on hydrocarbons to one that is more diversified and sustainable, and less susceptible to commodity price fluctuations. Between 2020 and 2030 tourism is expected to add over 100,000 jobs and contribute over $20.3bn to GDP. In October 2019 the capital city of Doha was forecast to have…

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Qatar's education sector supported by infrastructure investment
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Qatar’s education sector has a rich mixture of state and independent kindergartens, schools and universities bolstered by continued investment aimed at serving a growing population and supporting the country’s economic development. Education administrators pay close attention to international standards and indices that measure student learning outcomes and are working through a five-year…