QatarPRNetwork.com, Online Press Release from Qatar and Doha City
 
(Local News and Government)
Filter PR by
  
 
Oxford Business Group explores Qatar's economic development in  The Report: Qatar 2024

Doha, May 2024: Qatar’s efforts to accelerate economic diversification and private sector development following the successful hosting of the 2022 FIFA World Cup are explored in the newly released The Report: Qatar 2024 by Oxford Business Group (OBG).  This latest publication by the global research and advisory firm presents a thorough examination of Qatar's transition towards a knowledge-based economy as it explores new avenues for sustainable growth and global engagement.

Bolstered by significant infrastructure developments for the 2022 FIFA World Cup and strategic reforms in the business and investment landscape, Qatar's economy has witnessed significant expansion in recent years. Leveraging its abundant natural gas reserves and expertise in liquefied natural gas (LNG) production, Qatar is actively broadening its economic base to reduce dependence on hydrocarbons and stimulate job creation.

At the forefront of Qatar's economic strategy is the Third National Development Strategy 2024-2030, which is designed to ensure fiscal stability, generate new growth engines and cultivate a skilled and versatile workforce. The strategy also underscores the government's commitment to prioritising social welfare, with the country undertaking substantial investments in health care and education that are aimed at improving living standards and expanding economic opportunities.

Key sectors such as logistics, e-commerce and cloud data services are identified as focal points for increased investment, with new initiatives and strategies outlined to attract foreign capital, building on the substantial $29.78bn in foreign direct investment inflows recorded in 2022. Elsewhere, The Report: Qatar 2024 analyses how global trends in financial innovation are translating into positive developments in financial technology, digital banking and sustainable finance in the country.

The potential of public-private partnerships (PPPs) to accelerate infrastructure development is also highlighted, aided by the passage of the PPP Law in 2020.

The report features a number of viewpoints and interviews from high profile government and business leaders including HH Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar; Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister of Commerce and Industry; Sheikh Mohammed bin Hamad bin Faisal Al Thani, CEO of the Qatar Free Zones Authority; Yousuf Al Jaida, CEO, Qatar Financial Centre; Abdulla bin Abdulaziz bin Turki Al Subaie, Managing Director and CEO, Qatar Rail, and Minister of Environment and Climate Change; and Abdulla Mubarak Al Khalifa, Group CEO, QNB.

Jana Treeck, OBG’s Managing Director for the Middle East, said Qatar is well placed to capitalise on its enhanced global profile following the 2022 FIFA World Cup.

“Qatar has invested heavily in developing advanced transport and hospitality infrastructure over a sustained period. With the focus now firmly on expanding LNG production capacity to capitalise on its extensive reserves and strong global demand, the country has strong foundations for nurturing new growth engines to support sustainable development,” Treeck remarked.

Commenting on the release of The Report: Qatar 2024, Oliver Cornock, OBG’s Editor-in-Chief, highlighted the crucial role that social and educational investments are playing in shaping the future of the state.

“Qatar’s policy agenda is geared towards equipping the next generation with the skills and knowledge needed to excel in a globally competitive workplace. Concerted efforts to develop the knowledge economy signal Qatar's commitment to sustainable growth and recognition of the importance of talent and innovation in achieving its ambitious economic goals,” Cornock noted.

The Report: Qatar 2024 is the result of extensive field research conducted over a period of more than six months. Oxford Business Group's on-the-ground team engaged with key stakeholders, policymakers and industry experts to provide wide-ranging insights into the nation's economic trajectory. The publication provides a comprehensive assessment of trends, developments and opportunities in Qatar, covering areas including macroeconomics, infrastructure, banking, energy, education and ICT, among others.


Posted by : Qatar and Doha City PR Network Editorial Team
Viewed 3690 times
PR Category : Local News and Government
Posted on : Sunday, November 17, 2024  12:00:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of QatarPRNetwork.com.
Previous Story : WFP News Video: WFP Warns Unprecedented Drought and Floods C...
Next Story : Al Meera and Shafallah Center for Children with Special Need...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Most Viewed Press Release posted in the last 7 days
Extreme Lashes, Extreme Style: essence Goes Bold and Blue for the New Year [45570-Views]
Get Ready to Shine – Catrice Drops the Melt & Shine Juicy Lip Balms [43717-Views]
Scent-sational Gifting: Top 5 Ajmal Perfumes to Celebrate the Holidays [38099-Views]
Turkish Airlines Sets Guinness World Records™ title for the “Most Countries Flown to by an Airline” [35601-Views]
Benefit Cosmetics is revealing its New Brow product: Mighty Fine Brow Pen [31681-Views]
IATA Launches Air Cargo Device Assessment Program [30771-Views]
Disappointingly Slow Growth in SAF Production [29116-Views]
CASIO celebrates 50-year-long watchmaking heritage with exclusive anniversary collection [28110-Views]
Essence Unveils Kingdom of Essentia: A New Era of Immersive Experiences in the Roblox Metaverse [24673-Views]
Get the Look: Cynthia Erivo's Golden Globes Glam by Benefit Cosmetics [24239-Views]
TONDA PF XIALI CHINESE CALENDAR [22466-Views]
SHOOTING ON WFP CONVOY IN GAZA [21508-Views]
Mesmerizing Shows and Cash Prizes at Mercato During Dubai Shopping Festival [21405-Views]
Catrice's Hottest Bestsellers in MENA – Flawless, Vegan & Affordable Beauty [20960-Views]
LVMH WATCH WEEK 2025 [20518-Views]
SalamAir Releases 4th Quarter (Q4) On-Time Performance Data [20009-Views]
Mercato Announces DSF Cash Prize Winners and Gets Ready for the Grand Prize Car Draw! [19827-Views]
Benefit Cosmetics unveils its new mascara innovation: BADgal Bounce Mascara! [19430-Views]
Air Cargo Demand up 8.2% in November 2024 - 16th Month of Consecutive Growth [19354-Views]
Porsche achieves sustainable growth of four percent across the region in 2024 [19323-Views]
Back to Section Home

Related Stories



 
Top Sections