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The Report: Qatar 2020

  • ID: 5116259
  • Country Profile
  • April 2020
  • Region: Qatar
  • Oxford Business Group

Qatar has demonstrated considerable resilience in recent years, successfully developing new homegrown industries while at the same time strengthening its global ties. Although Covid-19 has introduced significant economic uncertainties in 2020, a rapid response from Qatar's authorities to curb the effects of the virus should stand the nation's economy in good stead over the medium and long term.

As Qatar moves into the new decade it is forging ahead with economic diversification plans in line with Qatar National Vision 2030 while also working to increase the output of liquefied natural gas (LNG) by roughly two-thirds. Indeed, Qatar withdrew from the Organisation of the Petroleum Exporting Countries at the beginning of 2019 to focus on its gas sector, which produces one-third of the world’s LNG. Furthermore, Qatar has a pipeline of $190bn in mega-projects across the economy, including the eye-catching Sharq Crossing in Doha. Many of these projects will be completed in time for the 2022 FIFA World Cup, an event that provides a unique showcase for the country’s economic achievements and plans for the future.



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