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An Oxford Business Group report on Qatar

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Jul-17 17:31 first published at 17:31 PM


Doha In a recent report, global research and consultancy firm Oxford Business Group outlined Qatar’s initiatives to use its plentiful natural gas resources and its role as the 2022 FIFA World Cup host to establish a diversified, knowledge-based economy (OBG).
The North Field Expansion project, which will raise liquefied natural gas (LNG) production to 126 million tonnes annually by 2027, is one of the key components of the country’s efforts to solidify its position as a leader in the global energy market, according to “The Report: Qatar 2022.”
In-depth information is also given about Qatar’s main infrastructure initiatives, including those built in preparation for the 2022 FIFA World Cup, which will be held in November and December, as well as those outlined in the Qatar National Vision 2030 roadmap.
A major focus is the environmentally friendly public transportation system that has been created as part of larger goals to make the 2022 FIFA World Cup the first tournament to be carbon neutral and accomplish sustainable development goals.
The research monitors the increase in Gulf visitor numbers as the epidemic and regional tensions diminish, however the sports event does promise an inflow of tourists towards the end of the year. Qatar’s tourism business has also experienced additional increases. It also looks at the cruise industry’s promising future, with a full docking schedule pointing to a solid performance in 2022.
Additionally, OBG’s analysis shows how the nation has improved its agriculture and food production sectors since 2017, which has aided in increasing self-sufficiency, bolstering Qatar’s economic performance throughout the pandemic, and providing up opportunities for additional investment.
His Highness the Amir Sheikh Tamim bin Hamad al-Thani contributed to “The Report: Qatar 2022,” which also includes a comprehensive sector-by-sector investor guidance.
HE the Minister of Commerce and Industry Sheikh Mohamed bin Hamad bin Qassim al-Thani, Chairman of the Qatar Chamber Sheikh Khalifa bin Jassim bin Mohamed al-Thani, Chairman of the Qatar Free Zones Authority HE the Minister of State Ahmad al-Sayed, CEO of the Investment Promotion Agency Sheikh Ali al-Waleed al-Thani, and CEO of the 2022 FIFA World Cup Qatar Nasser al-Khater are all interviewed in the documentary.
OBG editor-in-chief Oliver Cornock made a statement following the launch, claiming that Qatar has made strides to position itself as a regional economic, political, and cultural powerhouse over the years, and that the upcoming 2022 FIFA World Cup will further boost its stature on the global arena.
In addition to launching a sizable pipeline of domestic infrastructure projects, Qatar has amassed a sizeable portfolio of foreign investments that have advanced its efforts to diversify the country’s economy.
In line with Qatar’s desire to place sustainability, innovation, and cultural identity at the center of its larger economic development, he said, “our analysis demonstrates that legacy plans are already taking shape for the tournament arenas and other connected projects.”
Strong fundamentals have laid the path for a healthy recovery from the pandemic’s disruption, according to Jana Treeck, managing director for the Middle East. She also supported Qatar’s efforts to expand the role of the private sector in generating fresh growth.
Forecasts indicate that tourism and transportation will revive strongly in 2022, helped by the expected flood of tourists for the FIFA World Cup in 2022 and cruise ship arrivals. Additionally, we anticipate that Qatar will gain from recently passed legislation designed to boost private sector involvement in the economy, while significant labor market changes should help the country become more competitive, according to Treeck.
The result of more than six months of field study by a team of analysts from Oxford Business Group is “The Report: Qatar 2022,” which was developed in collaboration with the Ministry of Commerce and Industry and the Qatar Chamber. The article evaluates economic trends and developments, including those in macroeconomics, banking, infrastructure, energy, and other areas.
The Future Readiness and ESG Intelligence reports, together with a variety of Growth and Recovery Outlook articles and interviews, are among the very useful, go-to research products created by OBG. The study is accessible both online and in print.

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