Qatar Steps Off The Gas For Next Chapter Of Growth

alifarabia | June 7, 2011 | Qatar | No Comments

While the Arab Spring has unleashed havoc on the region’s economy, one country that has escaped the regional turmoil is Qatar.

Posting stunning GDP growth of 16% last year, the tiny emirate is expected to reach 18% this year, even as other regional economies stumble and need government investment to stimulate growth. Qatar’s economy has benefited from exploiting its formidable oil and gas resources over the past ten years.

But as hydrocarbon-led growth tapers off, the country is embarking on a new set of challenges to stimulate its non-hydrocarbon sector. Can Qatar’s non-energy sector replicate the success of the energy sector and lead GDP growth?

It could well be that the Qatari government is the luckiest government in the world. Sitting on the world’s third largest natural gas reserves in the world, Qatar is the single largest supplier and exporter of liquefied natural gas (LNG), apart from being a significant oil producer. Read More Here

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