TEW Magazine

  Source: marhaba.qa Qatar Business Landscape is marked by prosperity, owes much of its wealth and global recognition to its abundant reserves of oil and natural gas. For decades, the hydrocarbons sector has been the cornerstone of its economy, shaping its identity on the world stage. However, as the global economy evolves, Qatar is navigating a transformative journey, aiming to diversify its revenue streams and secure sustainable growth for future generations.  The Dominance of Oil in Qatar’s Economy  For much of the 20th century, Qatar’s economic narrative was tied to the rise of the oil industry. The discovery of oil in 1940 at the Dukhan field marked a turning point for the country, transitioning it from a small fishing and pearling economy to a global energy powerhouse. By the 1970s, oil exports accounted for the majority of Qatar’s GDP, propelling the nation to one of the highest per capita incomes in the world.  The Qatar  Business Landscape  further...