Qatar's economy

Qatar's economy has seen in 18 years of rule by Sheikh Hamad bin Khalifa Al Thani leaps made

 ​​him one of the most developed economies in the world. Was based economic policy throughout this period on the principle of diversification of income away from the rent, and by investing in what is known as the knowledge economy and the expansion of foreign investment. 

After it was the GDP of Qatar does not exceed 29 billion dollars in 1995, the year in which he took the Sheikh Hamad came to power, it became nearly 192 billion dollars in the last year, and within a decade turned diameter of a small oil producer to the largest exporter of liquefied natural gas in the world with a production capacity exceeding 77 million tons annually, and make mass production of gas, the largest source of clean energy from gas liquids and petroleum derivatives. 

Although the oil and gas constitute the backbone of Qatar's economy by 70% of government revenue, the Qatari authorities proceeded in recent years to adopt long-term plans designed to diversify the country's economy by focusing on the knowledge economy and employ the proceeds of the natural wealth in investments outside the country in the sectors of finance and industry and agriculture and others through the Qatar Investment Authority, a sovereign wealth fund, which outweigh its assets managed by 100 billion dollars. 

"Qatar has benefited from the huge production of gas and huge financial resources to create a base of heavy industry to contribute to the diversification of the economy away from oil and gas." 

Industrial base 

Also benefited Qatar produced huge in the field of gas and financial resources of large to create a base of heavy industry to contribute to the diversification of the economy away from oil and gas, where it has several factories in the field of steel, fertilizers and petrochemicals, which are usually joint ventures between foreign companies and the other country. 

Following the victory of the country to embrace the World Cup football in 2022 saw the sector of infrastructure and construction boom in the past few years through the adoption of the Doha plans to spend a huge over 150 billion dollars in the infrastructure sector, whether it is related to roads or stadiums or railway or construction of an airport and the port of new . 

Qatar became one of the biggest and most investment in overseas investments of foreign amounting to 215 billion dollars at an annual investment constant of approximately 40 billion dollars, and extends the investment policies of country to cover all continents of the world almost, stretching from investing in football clubs to the institutions of global economic to skyscraper Shard in London and elsewhere. 

Human Development 

Reflected policies Qatar economic position in the classification of the United Nations Human Development, where published in recent years, the list of Arab States, and was ranked 36 globally in the last classification of the World, a classification based on several indicators, most notably the progress of nations or delay in health care, education and other, Qatar is the richest country in the world in terms of per capita income of around 86 thousand and $ 440, according to the World Bank. 

Authorities have acknowledged the country a comprehensive strategy it called "Qatar Vision 2030" to serve as a road map to strengthen the gains of the country in the economic, human, social and environmental, and the pillars of this vision of economic development, which is aimed at this incision to achieve sound economic management, and exploitation in charge of oil and gas, and diversification economic manner.