Economic Growth of Qatar
Qatar plans to become the “Singapore of the Middle East”. In accordance with their “QATAR VISION 2030” various economic modernizations, good governance and business friendly policies were brought about making Qatar most attractive hub for various trade investments in the past decade.
Objectives and vision of this new era in Qatar’s modern history has focused on widening public participation in national decision-making processes and emphasizing the role played by the Qatari people in running their country’s affairs. This was realized through strengthening democracy, principle of liberty, and election instead of appointment in many governmental bodies and authorities. For the first time in Qatar, it went ahead to acknowledge and support Qatari women right to be nominated and elected in municipal elections. Furthermore, this new era was designed with elevating interest in Qatari youth through adopting academic and educational curricula that perfectly meet the community needs and satisfy the country requirements for qualified human resources and providing employments for Qatari fresh graduates. It has also approved and implemented a new approach in planning the national economy and exploiting and investing national natural resources. This approach was based on drawing new strategies and long term plans, encouraging private sector, as well as achieving the optimal use of national and expatriate expertise and cadres, and creating good economic climate to tempt investments.
In 2014, I expect the country will boost their economy in terms of development and infrastructure where they will attract more investors who will stream in to grab opportunities in readiness for the 2022 world cup that will be held in the country. The central bank will standardize their exchange rates to ensure that they accommodate all foreigners, which must be accompanied by strengthening of the currency.
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