Qatar is channeling its hydrocarbons wealth into long-term economic transformation, with diversification accelerating after the FIFA 2022 World Cup. In 2024 non-oil sectors accounted for over 60% of GDP, led by tourism, logistics and financial services. Strong fiscal buffers, a US dollar peg and prudent management of the $475bn Qatar Investment Authority support macroeconomic stability. Reforms in
While known primarily for its vast gas reserves prior to 2010, Qatar’s global profile received a major boost that year when it was chosen to host the 2022 FIFA World Cup, leading to a significant increase in infrastructure development throughout the country. Qatar is now leveraging its natural resources to become a knowledge-based, diversified economy, and it is looking to attract greater foreig
Qatar’s performance during the Covid-19 pandemic built on the strength of its response to the economic blockade imposed in mid-2017. The economy has been supported by the North Field expansion project, which will increase liquefied natural gas (LNG) production from 77m tonnes per year in 2018 to 110m tonnes per year in 2027, when the project is set to be completed. The development will furthe
Food production in the GCC has long faced obstacles ranging from water scarcity to a lack of arable soil – factors that are being exacerbated by climate change. Prior to Covid-19, imports accounted for 85% of the region’s collective food needs. However, the disruption to global supply chains precipitated by the pandemic – as well as the more recent invasion of Ukraine by Russia – has underlined…
– Russia'sinvasion of Ukraine has intensified the risk of regional food insecurity – Many MENA countries source a significant share ofcerealimports from the region – In the GCC, government initiatives are seeking to bolster food self-sufficiency – North African agri-tech start-ups work to boostproductivity Nations in the MENA region have been intensifying…
– Global food prices have risen to 10-year highs, according to the UN – Despite increased production, the cereal stocks-to-use ratio is decreasing – Emerging markets are among the most vulnerabletosupply chain disruptions and shortages – Many see boosting local capacity and innovation as the solution Despite an increase in crop production and international trade following…
While the country has primarily been known for its vast gas reserves, Qatar’s global profile received a major boost in 2010 when it won the bid to host the 2022 FIFA World Cup. Since the announcement, the country has witnessed extensive international investment and substantial infrastructure projects, allowing the population to grow by an estimated 40% since 2010 due to an influx of foreign work
Qatar has responded strongly to the trade blockade that cut off many of the country’s supply routes for goods, ranging from construction materials to milk, and has swiftly realigned key trading routes. Meanwhile, many in the local business community are optimistic about the opportunities for in-country value creation that the blockade has afforded. Qatar’s economy has remained better insulated
Against a backdrop of uncertainty in its food security environment, Qatar is working to boost the agricultural and livestock sectors, primarily through building capacity. In August the Qatar Islamic Bank announced funding worth QR1.6bn ($435.8m) to finance a 530,000-sq-metre food security facility at Hamad Port outside of Doha. The complex will primarily manufacture and store rice, raw sugar and…
Qatar is well on the way to becoming one of the world’s leading producers of chemical fertilisers, steadily developing new capacity and new markets as it works to diversify its economy away from its primary dependence on energy sales. However, rising production levels across the Gulf region and an increasingly competitive global market may limit returns in the medium term.Currently, oil and natural…
