From The Report: Qatar 2022
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The beginning of the 21st century heralded a period of rapid industrial growth for Qatar, fuelled by its abundant oil and gas wealth. The country is vying with the US for the position of the world’s largest producer and exporter of liquefied natural gas. Gas resources have been harnessed to develop strong downstream industries and related exports, but the instability in oil and gas prices since 2014 has highlighted the need for further diversification. With a relatively small domestic market, the expansion of exports will be crucial to economic growth. To this end, the establishment of industrial parks, free zones and port facilities encircling Doha and stretching along Qatar’s eastern coast has supported the development of the manufacturing and logistics ecosystem.