The investment opportunities emerging across high-potential sectors of Qatar’s economy, including logistics, advanced manufacturing, sport and digital technologies, will be explored in a forthcoming report by the global research and consultancy firm Oxford Business Group (OBG).
The Report: Qatar 2022 will analyse the latest developments in the country’s drive to diversify its economy and boost non-oil growth, in line with the objectives laid out in Qatar National Vision 2030. The OBG report will be produced with the Qatar Chamber.
Topical issues set for analysis include the steps taken by the government to support local small and medium-sized businesses. The report will also chart Qatar’s efforts to strengthen regional and international ties as a means of boosting both trade and FDI.
The national drive to ensure the education system and curricula reflect the changing job market is another area of focus.
Last September, OBG signed a memorandum of understanding (MoU) with the Qatar Chamber for its 2022 report. The MoU was signed by OBG Country Director Izabela Kruk and Qatar Chamber Director General Saleh bin Hamad Al Sharqi. This comes as part of the cooperation ongoing since 2008 between the two parties.
Sharqi said that Qatar’s diversification efforts and emerging role as a host of major events, such as the forthcoming FIFA World Cup 2022, were generating a wealth of investment opportunities across the economic sectors, while also working on raising the country’s profile on the international stage.
“Qatar has taken significant strides to create a business-friendly environment for investors, supported by a robust regulatory framework and other competitive advantages, which include advanced international connectivity,” Sharqi said.
“I look forward to working with Oxford Business Group to explore these topical issues and highlight Qatar’s changing economic landscape, in this timely report,” he said.
OBG Managing Director for the Middle East Jana Treeck said that Qatar was well placed to make a swift recovery from the Covid-19 pandemic, having entered the crisis with strong macroeconomic fundamentals, extensive gas reserves and a robust public health care system that facilitated a high vaccination rollout, paving the way for key sectors to reopen in a timely manner.
“The outlook for Qatar is bright, with the World Bank forecasting growth of 4.8 percent in 2022 and
the non-hydrocarbon sector currently outperforming the wider economy, in a sign that several key targets laid out in the Vision 2030 roadmap are already being met and delivering results.”
Treeck said, “Qatar Chamber plays a major role in promoting the country’s diverse range of high-value investment opportunities and supporting the private sector at home and abroad. I’m thrilled that our team will benefit from the expertise and local knowledge of its representatives as we begin the research process for this highly anticipated project.”
The report will mark the culmination of extensive field research by a team of analysts from Oxford Business Group. It will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.