Industry
From The Report: Qatar 2015
View in Online Reader

Falling oil prices have spurred ongoing efficiency and diversification efforts in Qatar, with data from Qatar National Bank (QNB) showing that more than half of the state’s GDP is now accounted for by the non-hydrocarbons sector. Figures from the third quarter of 2014 showed industry contributed 6% of nominal GDP, with manufacturing accounting for $19.7bn of industry’s $30.7bn total contribution to GDP in 2013, or 64%. Qatar is now one of the world’s largest fertiliser exporters, with the GCC accounting for around one-quarter of global urea trade by volume in 2013 and 12% of global ammonia trade. While heavy and medium industry will remain major pillars moving forward, Qatar National Vision 2030 has emphasised the need for a shift towards knowledge-based industries, with lighter, high-tech manufacturing now receiving a boost and efforts now under way to encourage greater private sector involvement in the sector.

This chapter contains an interview with Khalid Al Subaey, Managing Director, Mesaieed Petrochemical Holding Company.

Articles from this Chapter

Overview

Falling oil prices spur diversification of industries and increased efficiency in Qatar
OBG
plus

While Qatar is home to one of the world’s leading oil and gas sectors, the country has also been developing a thriving industrial sector in recent years. According to data from Qatar National Bank (QNB), more than half of the state’s GDP is accounted for by the non-hydrocarbons sector, with figures from the third quarter of 2014 showing industry – manufacturing, construction, electricity, gas and water – contributing 6% of nominal GDP. This may still be a small proportion, but it…

Analysis

Qatar’s dominant fertiliser company adapts to a changing market
OBG
plus

Located at the heart of a region that has seen double-digit growth in fertiliser production capacity in recent years, Qatar is now one of the international leaders in exports of these products, which remain vital to global food security. According to the figures from the Gulf Petrochemicals and Chemicals Association (GPCA), the GCC accounted for approximately one-quarter of global urea trade by volume in 2013 and 12% of global ammonia trade, with 90% of the region’s output exported. Qatar…

Interview

Khalid Al Subaey, Managing Director, Mesaieed Petrochemical Holding Company (MPHC): Interview
OBG
plus

Interview:Khalid Al Subaey How do you rate the overall success of MPHC’s initial public offering (IPO), and what was the rationale for listing these three companies together? KHALID AL SUBAEY: The IPO was a great success as it was over-subscribed by five times with around 199,000 individual nationals subscribing. The state has set itself firmly on the path to developing a long-term savings culture within its population. The IPO was in many ways a landmark for the state of Qatar. It marked…