Qatar is a peninsula of approximately 13,000 square kilometres. Formerly a hub for fishing, pearl diving and trade, Qatar is now an emerging global economic leader thanks to its significant natural resources. Qatar is the world’s largest exporter of liquid natural gas, or LNG, and its GDP per capita is one of the highest in the world.
Qatar is actively diversifying its economy to ensure the long-term prosperity of its people. This far-sighted strategy is the cornerstone of the Qatar National Vision 2030, which follows the directives of the Qatari Constitution and those of His Highness the Emir Sheikh Hamad Bin Khalifah Al-Thani, Her Highness Sheikha Moza Bint Nasser, and the Heir Apparent His Excellency Sheikh Tamim Bin Hamad Al-Thani.
Qatar fast facts:
- Qatar has the world’s fastest growing economy, with annual GDP growing at 18.5 per cent
- Qatar’s population is expected to grow 35 per cent by 2015 to more than 2 million
- Total retail spending in Qatar was US$4 billion in 2009; it is expected to exceed US$7 billion by 2017
- Qatar is emerging as a hub for tourism, driven by aviation growth and the country’s successful bid to host the 2022 World Cup; tourist nights in Qatar will more than triple to 3.8 million by 2015