ECONOMY OF QATAR

Qatar has rich oil and gas reserves which account for more than 50% of its GDP and 85% of its exports. Qatar is endowed with 25 billion barrels of proven oil reserves and the world’s third-largest natural gas reserves. With immense energy reserves and a population of only about 1.7 million Qatar has one of the highest levels of percapita income in the world. It has seen high rate of GDP growth and extremely low level of unemployment. In February 2012, the International Bank of Qatar reported that GDP grew by 19.9% in 2011. Qatar has seen high rate of GDP growth and is the richest country on per capita in the Arab region. Qatar's successful 2022 world cup bid will likely accelerate large-scale infrastructure projects such as Qatar's metro system and the Qatar-Bahrain causeway and will also increase infrastructure developments in Hotels, Roads and telecommunication.

Since H.H. the Emir Sheikh Hamad Bin Khalifa Al Thani came into power on 27th of June 1995, Qatar has embarked into a new era of national work and strategy. The government is trying to diversify the dependence of oil on the economy by entering into sectors like infrastructure, technology, education, financial services, tourism, aviation etc and also trying to bring in more foreign participation. The FDI in Qatar has seen remarkable increment since 2007.