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Business and Finance in Qatar

Business and Finance in Qatar

Qatar is a global energy leader with ambitious economic goals.

Revenues generated from the country’s oil and gas reserves have helped build a
solid foundation for economic growth. In addition, free-market policies and low taxes
are attracting investors and workers from around the world.

Despite the global financial crisis, the country has continued to maintain steady
economic growth in 2010, registering an impressive growth of 19.4% in its Gross
Domestic Product (GDP). The main drivers are attributed to ongoing increases in
production and exports of LNG, oil, petrochemicals and related industries. Qatar ranks
as one of the richest countries in the world – with the highest GDP per capita of any
country at $145,300, according to the CIA World Fact Book.

Oil and Natural Gas :

Qatar has one of the world’s largest oil and natural gas reserves. State-owned Qatar Petroleum
(QP) manages the country’s oil, gas, fertilizer, petrochemical and refining enterprises in Qatar and
abroad. QP has developed major liquefied natural gas (LNG) projects with foreign shareholders
and is using advanced technology to convert LNG into globally marketable liquid products.

Manufacturing :

One of the largest contributors to Qatar’s economy outside the oil and gas sectors is the
manufacturing industry. This sector is supported by the government in a bid to diversify the economy
and maximize the use of the country’s natural resources.

Finance, Insurance and Real Estate :

This sector consists of banking, insurance, financial intermediation, real estate and business
services. It is growing at a rapid pace, making it one of the most important sectors in the Qatari
economy.

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