Qatar’s national income primarily derives from oil and natural gas exports. The country has oil estimated at 15 billion barrels, while gas reserves in the giant north field are almost as large as the peninsula itself.
While oil and gas will probably remain the backbone of Qatar’s economy for some time to come, the country seeks to stimulate the private sector and develop a “knowledge economy”. For the 15th Asian Games in Doha, it established Sports City, consisting of Khalifa stadium.
Qatar is aiming to become a role model for economic and social transformation in the region. Large scale investment in all social and economic sectors will also lead to the development of a strong financial market. |