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Area: Capital: Doha Weather: Qatar has a desert climate, with hot summer and relatively warm winter and little rain. Local Time: Is determined by adding three hours to Universal Greenwich Time. According to a recent report from Agence France Press, a French news agency, Qatar has made important steps and advanced well on the path of diversification of the economy in order to become financially successful and stable and obtaining foreign investment for the region. Also Qatar has been thriving on an international level. The report pointed out that under the current situation and the global economic crisis the economy of state of Qatar remains stable. The report justified that the Qatar economy tops those of region in terms performance. At a rate of GDP per capita income of about 63,000 USD, it is one of the richest countries in the world compared to the size of its economy. According to the economic advisor Dr. Ibrahim Al Ibrahim, Qatar follows on the path of increased domestic and foreign investment and away from oil investment, which represent currently 87% of export revenues of the country. The Qatari Finance Minister Yousef Kamal has announced that Qatar plans to reduce dependence on income from oil and gas revenues in the budget to between 20 and 25% in 2015. This provision will be repealed by the year 202. Simultaneously, Qatar aims at becoming the capital of energy in 2012 by producing 77 million tons of liquefied gas. It is important to note that the government has introduced over the past five years, an investment program estimated at 130 billion USD to develop energy and infrastructure projects and industries in the country. Qatar has formed a specialized company to study the reality of the real estate market in the country and concluded that the demand for residential units will increase continuously over the coming period. This is due to the large size of the projects to be implemented, such as New Doha international Airport, oil and gas projects, infrastructure projects, health, education and other investment projects and the distribution of much land to build private villas by individuals. All this and much more, we proudly invite you to join this construction boom coming, and the biggest and the fastest growth in history of Qatar. You may also visit the website of Ministry of Business and Commerce of Qatar to inquire more about investment in Qatar by clicking on this link: http://www.mec.gov.qa/ |
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