Keywordsoxford business group
Doha – Sharq
The Oxford Business Group issued a new report highlighting the efforts of the State of Qatar to benefit from its abundant natural gas resources and its position as the host of the FIFA World Cup Qatar 2022™ in developing and diversifying its economy and supporting its endeavors to promote a knowledge-based economy. The report: Qatar 2022 explores the country’s plans to consolidate its position as a leader in the global energy market through its giant North Field expansion project, which will increase its production of liquefied natural gas to 126 million tons per year by 2027. The report also provides comprehensive coverage of major infrastructure projects in Qatar. Qatar, including projects related to the FIFA World Cup Qatar 2022™ that will be hosted by Doha during the coming months of November and December, as well as other projects within the Qatar National Vision 2030.
As Doha is expected to receive huge numbers of visitors before the end of the year in conjunction with the global event, the report hinted that the tourism field in Qatar has also made gains. Also on the positive effects of these developments on the cruise sector, especially with a full docking schedule promising a strong performance for this sector in 2022.
Moreover, the analysis prepared by Oxford Business Group examines the progress made in terms of developing the agricultural sector and increasing food production since 2017, which in turn contributed to moving steadily towards self-sufficiency and enhancing the economic performance of the State of Qatar during the global pandemic, while creating the climate to attract more investment in this aspect.
The report includes: Qatar 2022, an intervention by His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, in addition to a detailed guide to investment opportunities in each sector, and interviews with a group of eminent personalities, including His Excellency Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister Commerce and Industry, His Excellency Sheikh Khalifa bin Jassim bin Mohammed Al Thani, President of Qatar Chamber, His Excellency Mr. Ahmed Al Sayed, Minister of State and Chairman of the Board of Directors of the Qatar Free Zones Authority, His Excellency Sheikh Ali bin Al Waleed Al Thani, CEO of the Qatar Investment Promotion Agency, and Mr. Nasser Al Khater CEO of the FIFA World Cup Qatar 2022™.
strong position
Commenting on the release of this report, Oliver Cornock, editor-in-chief of the Oxford Business Group, stressed that Qatar has moved to consolidate its position as a regional economic, political and cultural power over the years, and will rise to this position on the international scene with the approach of the FIFA World Cup Qatar 2022™. Qatar has a large investment portfolio outside the country, while it continues to implement a giant group of infrastructure projects locally as an essential pillar for diversifying the national economy.Our report shows that the plans laid out in advance are beginning to take shape in their final features on the ground, both in terms of championship stadiums and other related projects, which are in line with Qatar’s ambitious aspirations while placing sustainability, innovation and the country’s rich cultural identity at the center of its broader economic development process.”
private sector support
For her part, Ms. Jana Trek, Managing Director of Oxford Business Group in the Middle East, indicated that the strength of the Qatari economy paved the way for a rapid recovery from the repercussions of the Corona epidemic, in addition to the role played by the state to enhance the role of the private sector in advancing development, and said: “Expectations indicate that the tourism and transport sectors in Qatar will witness a strong recovery in 2022, supported by the huge numbers of football fans who will flock from all countries to enjoy the FIFA World Cup Qatar 2022™ matches, and the arrival of cruise ships to its shores. From our side, we also expect that Qatar is benefiting from the new laws enacted with the aim of increasing the role and participation of the private sector in the national economy, and on the other hand, important reforms in the labor market will help increase competitiveness.” The report states: Qatar 2022 Released in cooperation with the Ministry of Commerce and Industry and Qatar Chamber, it is the culmination of more than six months of field research by a team of analysts from Oxford Business Group. The report assesses trends and developments across various aspects of the economy, including macroeconomics, infrastructure, energy, banking, and more.
