Economic Policy
The Qatari economy stands today as one of the most robust within the region and holds promise on the global stage. Throughout recent years, the State of Qatar has effectively strengthened its prominent position within the global economy, guided by the vision outlined by His Highness Sheikh Tamim bin Hamad Al Thani, the Amir of the State of Qatar. This outlook propels the Qatar National Vision 2030 forward, aiming to establish an economy characterised by diversity and competitiveness, rooted in knowledge and innovation.
Qatar recognises the importance of balancing its economic policies, which aim to create a diversified national economy while strengthening its natural resources and wealth. As such, non-oil revenues for 2024 are estimated to reach QAR 43 billion, a 2.4% increase compared to the 2023 general budget estimates.
Moreover, Qatar has continued to focus on the energy sector as an important source of national revenue by expanding the North Field, the world’s largest natural gas field. This expansion will increase the country’s capacity to produce liquified natural gas (LNG) by 46%, amounting to 126 million tonnes annually by 2027.
Such systematic economic policies have supported growth across all sectors, making them active contributors to strengthening the national economy and establishing trust for investors.
Through the development of an administrative and legislative system that fosters business activity, Qatar offers a promising investment environment in its priority sectors. This environment is defined by:
