Why Qatar
Last Updated :
07 July 2010
Qatar is emerging as one of the most dynamic economies in the Middle East. It has the highest per capita income in the world and enjoys one of the fastest growing GDPs, reaching 13.3% real GDP, and valued in 2008 at over US$80 billion.
The economy is rapidly expanding in practically every sector and industry. A combination of government investment and the participation of multi-national companies is creating a culture of opportunity.
Facts about Qatar
"The QFC Authority both symbolically and in very real terms represents the change in our fortunes", HE Yousef Kamal
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Economic and financial
The Qatar economy is one of the world's fastest growing, with real GDP growth of 9.9% in 2004, an estimated 8.8% in 2005 and 9.3% in 2006. Fiscal policy is prudent, with regular large surpluses on fiscal and on current account.
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Energy and related industries
The energy sector in Qatar is fuelling significant economic growth- by 2010 Qatar is likely to be the world's single largest producer of liquefied natural gas (LNG), with a projected production capacity of 77 million tons per year, some 3 times current production.
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Infrastructure and transport
To keep pace with the rapid industrialisation programme, Qatar General Electricity and Water Corporation plans to double the country's electricity and water distribution capacity within four years.
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Political and Legal
Qatar became an independent nation on 3 September 1971. His Highness Sheikh Hamad Bin Khalifa Al-Thani became the Ruler of the State of Qatar on 27 June 1995. Today Qatar is pursuing a programme of progressive economic, social and political reform.
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