Qatar economy 2017: Resilience against blockade and growth in key sectors - The Peninsula Qatar

Qatar economy 2017: Resilience against blockade and growth in key sectors - The Peninsula Qatar:

"Qatar’s economy has shown considerable stability and strength that enabled it to cope with the effects of the siege. The measures taken by the country succeeded at limiting the repercussions of the blockade and turned it into a challenge which resulted in the expansion and development of different sectors with expectations that the economy continues to excel and develop at a pace fastest in the region. The economy is driven by the energy fields and ongoing initiatives that were accelerated, QNA reported citing various official data. To find an alternative for the blockading countries and to encourage self sufficiency in the past year, the State of Qatar adopted major projects that contributed to strengthening the economy, led by the inauguration of Hamad Port, which is one of the biggest ports in the region. The decision to reduce rent by 50 percent for all investors during 2018-2019 in logistic areas in the southern parts of Qatar, launching a network of highways and logistics centers and special economic zones, in addition to establishing projects aimed at supported innovation and young entrepreneurs as well as expanding economic partnerships with many countries in the region and around the world."



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