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
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…
As Qatar moves into the new decade it is forging ahead with economic diversification plans in line with Qatar National Vision 2030 while also working to increase the output of liquefied natural gas (LNG) by roughly two-thirds. Indeed, Qatar withdrew from the Organisation of the Petroleum Exporting Countries at the beginning of 2019 to focus on its gas sector, which produces one-third of the worldâ
Interview:Abdulrahman M Darwish What role do you expect public-private partnerships (PPPs) to play in the future? ABDULRAHMAN DARWISH: Qatar has demonstrated an impressive record of economic growth over the past decade, and PPPs can play a key role in addressing challenges of efficiency and capacity. They can help establish a long-term commitment from international and local companies, and…
The real estate market in Qatar saw a boom between 2013 and 2017, and after some turbulence in recent years, has begun a period of recovery, with 2019 reflecting stabilisation. As developers continue to fulfil requirements for the 2022 FIFA World Cup, the real estate pipeline is likely to reach its peak between 2020 and 2022, after which new supply will fall back to earlier levels. There are promising…
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…
Interview:Nasser Al Ansari What impact will changes to foreign ownership regulations have on local property demand? NASSER AL ANSARI: The means for foreign nationals to purchase property in Qatar are already in place in certain regards, but regulatory reforms will help to formalise, expand and better manage this process. Opening the market to foreign nationals will contribute to long-term demand…
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
As a key driver of diversification efforts, the real estate sector has been an important contributor to economic growth in recent years. According to a 2018 report, non-mining and quarrying sectors registered a combined compound annual growth rate (CAGR) of 6.8% between 2013 and 2017, which was largely attributed to four sectors: construction, health care, insurance and real estate, with the last registering…
As a key driver of efforts to diversify Qatar away from reliance on the energy industry, the real estate sector has been an important contributor to economic growth in recent years. According to a 2018 report from the Planning and Statistics Authority (PSA), non-mining and quarrying sectors registered a combined compound annual growth rate (CAGR) of 6.8% between 2013 and 2017, which was largely…