An expert from a leading international financial audit firm has voiced optimism for strong growth in the Qatar economy for several years to come on account of its huge investment in oil and gas as well as the Qatar National Development Strategy 2024-2030. “We are very optimistic about Qatar economy because of the huge investment in oil and gas sector and development of more gas fields. Additionally, the 3rd Qatar National Development Strategy focuses on three key areas of tourism, logistics and manufacturing.
This is the focus of Qatar right now and the leadership of the country has focused on the right areas,” Ahmed Abu-Sharkh, country leader partner, KPMG Qatar told Gulf Times at a recent event. Abu-Sharkh noted that tourism, logistics and manufacturing are the enablers that will fuel further growth for the country. “ In addition, there is massive investment in technology, digital areas, education and human capital development.
Qatar’s financial sector is very matured and focused. All these will make the country perform very well in the coming years,” said the official. According to Abu-Sharkh, the huge investment in hydrocarbon sector will benefit the country primarily in several areas.
He said: “Investment in tourism will bring more people into the country. Similarly investment in the manufacturing and logistics sectors will encourage people to invest in several areas such as retail, technology and many other areas. This will also help the government to alloca.