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Politics - Economics - Energy - Education - Links
History of the State of Qatar History of the
State of Qatar Qatar first appears in history in
the notes of the geographer who accompanied the fleet of Alexander the Great in
the retreat from India. During late Greco-Roman times, Qatar was the seat of an
important Kingdom and Christian diocese.
After the Islamic Conquest Qatar
remained a center for pearling and trade with the Indian sub-continent. Ruled
by the Al Thani family since the mid-1800s, Qatar was occupied first by the
Ottomans in the 18th Century and by the British in the late 19th Century.
The British ruled the nominally
independent state as a protectorate from 1905 through 1971 with economic
policies that pauperized the country. With the discovery of oil in the early
1950’s Qatar slowly transformed itself into an independent state with
significant oil and natural gas revenues.
After independence and through the
1980’s and early 1990s, the Qatari economy stagnated under the unimaginative
rule of the then Emir, Shaikh Khalifah, who had ruled the country since
overthrowing his uncle in1972. Shaikh Khalifah himself was finally deposed in
favor of his son by an internal Al-Thani family council in June, 1995.
Politics After coming to
power in 1995 the new Emir, Shaikh Hamad bin Khalifah Al Thani, quickly
inaugurated a far reaching and extremely progressive program to modernize Qatar
politically, socially and economically. The modernization program includes the
complete reorganization of the educational system, creation of a democratically
elected municipal council with universal suffrage, development of Qatar’s
natural gas resources, the establishment of a free press and the drafting of
Qatar’s first Constitution.
In foreign
affairs, the Government of Qatar has become the first country in the region to
resolve all its border disputes with its neighbors including Bahrain, Saudi
Arabia, the UAE and Iran and has developed an extremely close strategic
relationship with the United States.
Economics Today, the development of Qatar’s oil
and natural gas revenues enable it s citizens to enjoy perhaps the highest per
capita income in the world. Investment in Qatari infrastructure and industry
has reached a fever pitch Qatar has become a major overseas investor as well.
Today, Qatar is the best example of a country that can punch well above its
weight.
Oil and gas account for more than 60% of
GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and
gas have made Qatar one of the world's faster growing and higher per-capita
income countries - in 2006 per-capita income equaled that of the EU.
Sustained high oil prices and increased
natural gas exports in recent years have helped build Qatar's budget and trade
surpluses and foreign reserves. Proved oil reserves of more than 15 billion
barrels should ensure continued output at current levels for 23 years.
Qatar's proved reserves of natural gas
exceed 25 trillion cubic meters, more than 5% of the world total and third
largest in the world. Qatar has permitted substantial foreign investment in the
development of its gas fields during the last decade and is expected to become
the world's top liquefied natural gas (LNG) exporter in 2007.
Qatar is also trying to attract foreign
investment in the development of its non-energy projects by further liberalizing
the economy.
GDP (purchasing power parity): 57.69 billion (2007 est) GDP - real growth rate: 7.8% (2007 est.) GDP - per capita (PPP): $75,900 (2007 est.) GDP - composition by sector:
industry: 73.5% services: 26.4% (2007 est.)
Labor force:508,000 (2006 est.) Unemployment rate: 0.7% (2007 est.) Budget: revenues: $22.51 billion expenditures: $16.89 billion; including capital expenditures of $2.2
billion (2006 est.) Budget revenues: $23.5 billion Budget expenditures: $19.6 billion Currency: Qatari riyal (QAR) Fx: 3.64 rial / USDollar Inflation: 13.7% Investment: 43.5% GDP Industries: crude oil production and refining, ammonia, fertilizers, petrochemicals, steel
reinforcing bars, cement, commercial ship repair
Energy
Oil was first
discovered in Qatar in 1940, and Qatar began exporting through Mesaieed port on the East Coast starting in 1949. Soon after independence in 1971, Qatar
Petroleum was created to manage Qatar’s oil production and exports. Also in 1971 the North Field was created –
the world’s largest deposit of non-associated natural gas. The government developed a plan for utilizing
this natural resource, centered around the construction of the Ras Laffan
industrial city. In 1996 exports of
liquefied natural gas began from Ras Laffan. Qatar exports natural gas through pipelines, as well, to other Gulf
countries, Turkey, and Pakistan. Qatar
also retains a significant portion of its natural gas for domestic consumption,
as feedstock for the growing petrochemical and fertilizer sectors and to
produce low-cost electricity. Oil production: 1.111 million barrels per day (2005) Oil exports: 960,000 barrels per day (2005) Natural gas production: 43.93 billion cubic meters Natural gas exports: 25.99 billion cubic meteres
Education Qatar’s Education City was
established as a modern center for a number of educational institutions in
Qatar. Several American universities
have opened campuses in Education City, including Carnegie Mellon University,
Cornell Weill Medical College, Georgetown University School of Foreign Service,
Texas A&M University, and Virginia Commonwealth University School of
Art. Additionally Education City houses
programs for primary and secondary students through Qatar Academy, Qatar
Leadership Academy, Academic Bridge Program, and The Learning Center. Administered by Qatar Foundation, Doha’s
Education City is slated to grow to a total size of 2,500 acres. The campus will includes technology-equipped
residential, sports, commercial, scientific, and convention facilities as well
as academic classrooms. Education City,
Qatar Foundation¹s flagship project, is envisioned as a center of excellence in
education and research that will help transform Qatar into a knowledge-based
society.
Links This Country Commercial Guide (CCG) presents a comprehensive look at Qatar’s commercial environment, using economic, political and market analyses. The CCG’s were established by recommendation of the Trade Promotion Coordinating Committee (TPCC), a multi-agency task force, to consolidate various reporting documents prepared for the U.S. business community. Country Commercial Guides are prepared annually at U.S. embassies through the combined efforts of several U.S. government agencies
A list maintained by the American Embassy in Doha
Searchable listing of phone numbers from hotels and restaurants to importers/exporters.
A US State Department listing of Qatari Ministers and Chiefs of State
National Public Radio audio clip detailing LNG processing, in general, and LNG terminals in the United States.
As of April 3, 2005 the DSM is open to foreign investment. Click on this link to find out more.
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