COUNTRY FOCUS : QATAR
A cornerstone of Qatar ’ s economic strategy is commitment to diversification and initiatives have been launched to reduce the country ’ s reliance on hydrocarbons . The Third National Development Strategy , covering 2024 to 2030 , aims for an annual 4 % growth in non-hydrocarbon GDP , seeks to expand private sector , and positions Qatar among top 10 countries in terms of ease of doing business .
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Doha , Qatar
Qatar ’ s economy is poised for growth in the coming years . In 2024 , the country ’ s economic expansion is expected to reach 2 %, with an even more promising outlook of 4.1 % annually from 2025 to 2029 .
While the economy continues to rely heavily on liquefied natural gas expansion , Qatar is making concerted efforts to diversify into other sectors such as tourism , finance , and technology .
Inflation in the country has decreased to 1.4 %, and public debt has reduced to 44 % of its gross domestic product , GDP . To further stimulate growth , Qatar is strengthening private sector involvement and focusing on areas like real estate and green finance to attract new investment .
A cornerstone of Qatar ’ s long-term economic strategy is its commitment to diversification . Several key initiatives have been launched to reduce the country ’ s reliance on hydrocarbons . The Third National Development Strategy , NDS3 , covering the period from 2024 to 2030 , aims for an annual 4 % growth in nonhydrocarbon GDP . It seeks to expand the private sector and position Qatar among the top 10 countries globally in terms of ease of doing business .
Additionally , Qatar ’ s tourism sector is set for significant growth , with plans to leverage the infrastructure developed for the 2022 FIFA World Cup to attract 6 million visitors annually by 2030 .
A notable initiative is Qatar ' s In-Country Value Programme , launched in 2022 , which supports local
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