Introduction from the Senior Partner
Welcome to the third edition of our Qatar Economy Watch report. The last year has been one of the most turbulent and challenging globally, from both economic and public health crisis perspectives. Qatar has faced its share of hardships, but has shown resilience, and is emerging from the COVID-19 crisis in a strong position.
Rapid vaccinations have brought the pandemic under control locally, with leading indicators in 2021 showing signs of a robust recovery.
Higher energy prices, progress in the North Field LNG expansion, restored relations with neighbours and preparations for the World Cup next year are also powerful positive drivers for the economy in the near term. In the longer-term, we look at how the global move towards a low-carbon economy will position Qatar strongly, given the important role of gas as a transition fuel to replace highly polluting coal power, as well as the very low carbon-intensity of hydrocarbons production in Qatar.
In this edition, we take a look at some of the key themes driving economic transformation in Qatar now and post COVID-19. These include ongoing private sector development, effective fiscal management, digitisation, glocalisation, sustainability and value creation. This is a time of transformation in the global economy, and policymakers and companies in Qatar need to get ahead of the emerging trends to position the country to be increasingly competitive in the post-pandemic world.
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