OBG explores Qatar’s economic development

Doha, Qatar: Qatar s efforts to accelerate economic diversification and private sector development following the successful hosting of the 2022 FIFA W...

Doha, Qatar: Qatar’s efforts to accelerate economic diversification and private sector development following the successful hosting of the 2022 FIFA World Cup are explored in the newly released The Report: Qatar 2024 by Oxford Business Group (OBG).  This latest publication by the global research and advisory firm presents a thorough examination of Qatar’s transition towards a knowledge-based economy as it explores new avenues for sustainable growth and global engagement.

Bolstered by significant infrastructure developments for the 2022 FIFA World Cup and strategic reforms in the business and investment landscape, Qatar’s economy has witnessed significant expansion in recent years. Leveraging its abundant natural gas reserves and expertise in liquefied natural gas (LNG) production, Qatar is actively broadening its economic base to reduce dependence on hydrocarbons and stimulate job creation.

At the forefront of Qatar’s economic strategy is the Third National Development Strategy 2024-2030, which is designed to ensure fiscal stability, generate new growth engines and cultivate a skilled and versatile workforce. The strategy also underscores the government’s commitment to prioritising social welfare, with the country undertaking substantial investments in health care and education that are aimed at improving living standards and expanding economic opportunities.

The report features a number of viewpoints and interviews from high profile government and business leaders

Jana Treeck, OBG’s Managing Director for the Middle East, said Qatar is well placed to capitalise on its enhanced global profile following the 2022 FIFA World Cup.