Oxford: Qatar Is Moving Steadily Towards Self-Sufficiency
The Oxford Business Group issued a new report highlighting Qatar's efforts to benefit from its abundant natural gas resources and its hosting of the FIFA World Cup Qatar 2022™ in developing and diversifying its economy and supporting its efforts to promote a knowledge-based economy.
The report continues, that the State of Qatar plans to consolidate its position as a leader in the global energy market through its giant project to expand the North Field, which will increase its production of liquefied natural gas to 126 million tons per year by 2027, along with major infrastructure projects, including Projects related to the FIFA World Cup Qatar 2022™, which will be hosted by Doha during the coming months of November and December, in addition to other projects within the Qatar National Vision 2030, as well as the environmentally friendly public transport system that was developed as part of the broader goals of organizing the first carbon-neutral version in the history of the World Cup and achieving the United Nations sustainable development goals.
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As Doha is expected to receive huge numbers of visitors before the end of the year in conjunction with the global event, the report hinted that the tourism field in Qatar has also made gains, where the report tracks the gradual increase in the number of Gulf visitors and tourists as the repercussions of the epidemic and regional tensions recede and highlights the positive effects of these developments on the cruise sector.
Moreover, the analysis prepared by the Oxford Business Group deals with the progress made in developing the agricultural sector and increasing food production since 2017, which in turn contributed to moving steadily towards self-sufficiency and enhancing the economic performance of the State of Qatar during the global pandemic, while creating the climate to attract more investment in this aspect.
Commenting on the release of this report, Oliver Cornock, editor-in-chief of the Oxford Business Group, stressed that Qatar has moved to consolidate its position as a regional economic, political and cultural power over the years, and will rise to this position in the international scene with the approach of the FIFA World Cup Qatar 2022™, And he said: "Qatar has established a large investment portfolio outside the state while continuing to implement a giant group of infrastructure projects locally as an essential pillar for diversifying the national economy.
Our report shows that the pre-established plans are beginning to take their final features on the ground, both in terms of championship stadiums and other related projects which is in line with Qatar’s ambitious aspirations while placing sustainability, innovation, and the country’s rich cultural identity at the heart of the broader economic development process.”
For her part, Ms. Jana Trek, Managing Director of the Oxford Business Group in the Middle East, indicated that the strength of the Qatari economy paved the way for a rapid recovery from the repercussions of the Corona epidemic, in addition to the role played by the state to enhance the role of the private sector in advancing development.