Sources of Wealth in Qatar

Sources of Wealth in Qatar

Natural gas deposits have made the emirate of Qatar one of the richest countries in the world. But this change has come at a price. Qatar has the world’s highest income per capital.

The country has huge oil and gas resources. These resources have made Qatar rich and opened the way for companies that want to do business in the region.
Furthermore, the  oil and gas resources   have provided is that it has kept taxes very low. This is something that all businesses want since taxes cut is their main objective.

Another feature or source of wealth is that Qatar has a very good infrastructure    ( roads, electricity and telecommunications..)  like the well  developed  countries .

Then the resignation of power by Sheikh Hamad bin Khalifa Al-Thani in favor of his son Sheikh Tamim marked a new era in Qatar’s history.

Thus Qatar gradually walked from the shadows onto the world stage as a regional powerhouse. From a debt-ridden state, Qatar became one of the richest countries in the world.

And this come as a  result of an aggressive foreign policy seeking to place Qatar in international arena as a key player.

Fortunately Qatar has achieved the first objective and become the third largest producer of liquefied gas in the world right after Russia and Iran, and ultimately the gas revenues achieved other objectives.

Also it has powerful Media, for example : Al Jazeera television network was launched in 1996, only a year after Sheikh Hamad assumed power. In an unconventional manner, the television channel raised the bar for political expression, making it the most viewed channel in the Arab world.
Recently, Doha has also actively worked as an international diplomatic broker

Overall, Doha’s foreign policy in the short-term achieved reasonable successes.

At the end, Qatar has reached highest levels in different fields and most observers have expressed that the newly appointed emir would pursue the same successful foreign policy.