Overview
In our latest edition of the Qatar Economy Watch, we take an in-depth look at Qatar's ongoing economic growth, highlighting the country's transformation into a knowledge-based economy. Our analysis covers the macroeconomic landscape focusing on four key sectors:
Clean energy
Logistics
Tourism and sports
Artificial Intelligence (AI)
These sectors are crucial for diversifying the economy and enhancing private sector participation.
Furthermore, Qatar’s regional and global positioning is benchmarked in the report, analysing best-in-class global initiatives that highlight opportunities for future growth.
We also discuss the critical cross-sectoral enablers that support these areas, such as access to capital, a competitive business ecosystem, strong governance policies and regulations, nurturing a highly skilled workforce, and initiatives to further build on the country’s resilient physical and digital infrastructure.
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The key sectors this report covers are the following:
Clean energy
Qatar is boosting investments in renewable energy forms and investigating emerging fields such as technology for capturing carbon, green hydrogen production, blue ammonia, and environmentally sustainable aviation fuel.
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Logistics
Qatar is strengthening its position in the global logistics field through direct investments in key international ports such as Rotterdam and in local initiatives such as the expansion of its ports and free zones. Furthermore, it is investing in advanced technologies to automate logistics and cargo management at various points.
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Tourism and sports
Qatar is expanding its marketing efforts and establishing a worldwide network of tourism offices to further highlight Qatar as a prime destination for travellers. It also points out the potential in cruise tourism, noting that Qatar saw 151% increase in cruise visitors in the 2022- 2023 season, indicating significant growth in this area.
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Artificial Intelligence
Qatar is emphasising Artificial Intelligence (AI) as a key focus, aiming to boost its digital strengths through a dedicated AI economic cluster and identifying specific AI applications. Establishing a strong regulatory foundation for AI, with a focus on streamlining data collection and management across sectors, is also critical. This involves simplifying data handling and creating standard tools to ensure AI models receive nationwide, contextually relevant data.
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"Qatar has consistently displayed resilience amidst global inflation and macroeconomic challenges. This can be credited to long-term diversification strategies and investments in future-focused sectors. The next wave of growth will be enabled by accelerating the national transformation journey, implementing high-impact sectoral strategies and governance, guided by NDS-3, and building new capabilities and global partnerships. We see immense potential for Qatar to continue benefiting from advancements in areas, such as renewables and green hydrogen, logistics, tourism and sports, and AI, which will allow it to further cement its position as a global hub for sustainability and innovation."
Contact us:
Bassam Hajhamad
