Progressive Economic Policy of Qatar

the Qatar’s economy maintains Nominal GDP growth was at an impressive 24.2% in 2006, however, The share of the oil and gas sector in the overall GDP stood at 62% in 2006, according to the Planning Council, while QNB estimates show that the oil and gas sector will continue to hold a prominent share in the overall GDP and is expected to stay at 60% in 2007 and at 58% in 2008, mainly due to the upward pressure on oil prices and the increased production of oil, natural gas and related industries. 

The Qatari government is seeking now to diversify its economy and aiming at directing a growing part of the public and private investments into non-energy sectors. Would Increase contribute significantly to the overall GDP, as major initiatives (Qatar Financial Centre, Education City, Qatar Science and Technology Park, Energy City Qatar, Tourism, Construction and Real Estate, Sports, Conferences etc.) To diversify the economies come to fruition.