Analysis
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The World Bank expects Qatar to be the fastest growing economy over the 2021‐23 period.
Project-driven economy on the path of sustained expansion Moin Siddiqi, economist, examines what makes Qatar one of the most resilient energy- based economies of the future. ATAR COPED FAIRLY well with global economic and health crises, thanks to the National Response Programme, which protected essential public services and supported the private sector, as well as continuous heavy infrastructure spending ahead of the FIFA
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2022 World Cup and ambitious expansion plans on the liquefied natural gas (LNG) segment. “Following the COVID19 disruption, Qatar’s economy is coming back on the right recovery path, thanks to the timely response from the government as well as the private
Despite the global downturn, Qatar planned efficiently and was ranked 17th in The World Competitiveness Yearbook 2021, out of 64 mostly high income developed economies. Technical Review Middle East - Issue Four 2021
sector institutions in adequately handling the shockwaves of the pandemic. The current growth prospects stem from the early stimulus measures that were taken to mitigate the effects of the pandemic on businesses in Qatar,” said Yousuf Mohamed Al Jaida, CEO of Qatar Financial Centre (QFC) Authority. The ending of diplomatic rift in January 2021 bodes well for the nonoil economy, and intraGulf Cooperation Council (GCC) trade/investment with a resumption of travel links lifting tourism inflows and renewed interest of regional buyers in Qatar’s real estate market. Doha Stock Exchange has recovered to preCOVID19 levels, whilst the banking sector remains
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