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Driving Prosperity in Economic Transformation


2023 Projected Real GDP (Change from 2022)


2023 Projected Inflation (Change from 2022)


2023 Unemployment Rate


FDI Inflows (2022, in USD)
sources: IMF & UNCTAD

Qatar has been actively working to diversify its economy beyond its traditional reliance on hydrocarbon resources, such as natural gas and oil. Initiatives included investments in sectors like tourism, real estate, technology, and financial services. These diversification efforts were aimed at reducing the country’s dependency on hydrocarbons and ensuring long-term economic sustainability

The vision focuses on improving the quality of life for UAE residents. It aims to create an environment that offers happiness, well-being, and a high standard of living. This includes developing healthcare, education, and social services to meet the needs of the population

Qatar has been keen on attracting foreign investment and fostering a business-friendly environment. The country offered incentives to foreign businesses, including various free zones and special economic zones, to encourage investment and entrepreneurship. Additionally, changes in legislation aimed to streamline business processes and promote foreign ownership in certain sectors

Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), played a pivotal role in managing the country’s assets and investments both domestically and internationally. The QIA was a key player in supporting the country’s economic future through strategic investments in various sectors and regions around the world

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