About Qatar



The State of Qatar is a sovereign Arab emirate located in Western Asia, occupying an area of 11606.8 Sq. Km. on the northeasterly coast of the Arabian Peninsula.

Economy

Qatar is now the richest country in the world. It has the world's third largest natural gas reserves and oil reserves in excess of 25 billion barrels, which has fuelled Qatar to become the world's richest country per capita and achieve the highest human development in the Arab World and 36th highest globally; furthermore, it is recognised as a high income economy by the World Bank and also the 19th most peaceful country in the world. None of its population of about 1.9-million lives below the poverty line and less than 1% is unemployed.

Qatar is currently undergoing transformation under the National Vision 2030, in which it expects to achieve an advanced, sustainable, and diversified economy. To promote tourism, Qatar has invested billions into improving infrastructure. It held the 2006 Asian Games and will be the host of the 2022 FIFA World Cup, becoming the first Arab country to host either of the events.

Established in 2005, Qatar Investment Authority is the country's sovereign wealth fund, specializing in foreign investment. Due to billions of dollars in surpluses from the oil and gas industry, the Qatari government has directed investments into United States, Europe, and Asia Pacific. As of 2013, the holdings were valued at USD 100 billion in assets. Qatar Holding is the international investment arm of QIA. Since 2009, Qatar Holding has received USD 30 - 40 billion a year from the state. As of 2013, it has investments in Valentino, Siemens, Printemps, Harrods, The Shard, Barclays Bank, Heathrow Airport, Paris Saint-Germain F.C., Volkswagen, Royal Dutch Shell, Bank of America, Tiffany, Agricultural Bank of China, Sainsbury's, BlackBerry, and Santander Brasil.

Industry

The government considers industry to be an integral part of its plan to diversify the economy and maximize its huge natural gas reserves.

The result has seen considerable growth over the years in many industries such as petrochemicals, fertilizers and steel.

Education

Qatar has hired RAND to reform its k-12 education system. Through the Qatar Foundation, the country has built an "Education City", hosting local branches of the Weill Cornell Medical College, Georgetown University School of Foreign Service, Northwestern's Medill School of Journalism, Texas A&M's School of Engineering, and other Western institutions.

In 2008, Qatar established the Qatar Science & Technology Park at Education City to link those universities with industry.

Finance

The stock market capitalization of listed companies in Qatar was valued at USD 137 billion in 2013. Around 60% of the total turnover is generated by local investors. More than half of that is traded by individual investors; the rest by Qatari institutional investors.

The market is easy to access for foreign investors. Apart from a cap on the total holdings by foreign investors in each company, there are no restrictions for foreign investors.

Sports

Qatar is home to some of the world's most advanced sporting facilities and plays host to 27 world-class sports events each year including football, tennis, golf, water sports, car racing, horse riding, etc...

In recent years, Qatar has invested USD 2.8 billion in infrastructure to support sports in the country through the Qatar Olympic Committee.

With the FIFA World Cup taking place in Doha in 2022, ten new stadiums are currently being constructed to host football fans from all over the globe.

Tourism

Qatar has been focusing on attracting more tourists and visitors. The government's strategy over the last few years has been to promote sustainable tourism by improving transport infrastructure and developing attractions, such as the Museum of Islamic Art and the Cultural Village. Projects such as the Qatar-Bahrain causeway will help drive regional tourist arrivals in Qatar.

Qatar plans to invest over USD 140 billion over the next five years in transport infrastructure Investments in constructing a new airport, roads and a metro system have been planned as part of supporting an anticipated influx of visitors for the World Cup as well as leaving a sustainable legacy for Qatar.

Qatar Tourism Authority plans to invest about USD 20 billion on tourism infrastructure as the number of tourist arrivals grows at a rate of 15.9% compounded annually, to reach 3.7 million by 2022.

Real Estate

A significant demand for properties, especially in the run-up to the 2022 FIFA World Cup, is anticipated. Current supply of housing is scarce and with an increase in population forecasted in Doha over the coming years, construction will increase.
Qatar is planning to invest over USD 200 billion in the next 10 years in construction projects signaling immense opportunities for real estate developers.

The top 20 projects by value in Qatar include

  • Lusail City
  • Qatar Integrated Rail Project
  • Hamad International Airport
  • Local Roads and Drainage Scheme
  • Barzan Gas Development
  • Barwa City Development
  • Doha, Lusail and Dukhan Highways
  • Education City
  • Ras Laffan Complex
  • New Doha Port
  • Pearl-Qatar
  • Ras Laffan Olefins Project
  • Msheireb
  • Transmission Project
  • World Cup stadiums
  • Inner Doha Re-sewerage Implementation Strategy
  • Al-Waab City
  • Doha Festival City
  • Al-Jawhara City
  • Barwa al-Baraha
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