Description
The economy is characterised by low private consumption and a high national savings rate, making Qatar a very attractive financial market within the GCC, with a high asset growth rate.
Qatar is emerging as one of the most dynamic economies in the Middle East. It has the highest per capita income in the world and enjoys one of the fastest growing GDPs, reaching 13.3% real GDP, and valued in 2008 at over US$80 billion. The economy is rapidly expanding in practically every sector and industry. A combination of government investment and the participation of multi-national companies is creating a culture of opportunity. The government is using its vast oil and gas wealth to create a society that provides opportunities for all. It has committed over US$140 billion for investment, infrastructure and expansion in a wide range of sectors, including energy, health, education, transport, infrastructure and tourism. Reliance on crude oil exports has been replaced by an ambitious and progressive approach to the management of the nation's economy, which focuses on developing Qatar's huge natural gas reserves and its expansion of liquefied natural gas, petrochemi
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