Qatar 2022Tamim El Moatassem

Qatar

Qatar has a plan for 2030, a plan to completely change Qatar and turn it into a major player in the global economy. But with the new opportunities available and the change of the worlds demands will alter Qatar’s plans for 2030. But how much will be done in 2022? And how will those plans change?

Current Economy

Qatar is one of the smallest countries in the world and is also one of the richest. It’s economy is reliant on the export of LNG, crude oil and fossil fuels. But Qatar has expected that they could not rely on these exports by 2030 and only 20% reliant in 2015 a mere 4 years from now (al Jazeera News). Qatar has brought in many attractions and franchises, like the pearl and Doha Tribeca Film Festival (DTFF). These attractions and franchises were made to bring people to Qatar but the latest and probably most successful will be the 2022 FIFA World Cup.

The Current Plan

Suitable Economic Diversification

A diversified economy that gradually reduces its dependence on hydrocarbon industries, enhances the role of the private sector and maintains its competitiveness through:

Expansion of industries and services with competitive advantages derived from hydrocarbon industries

Design and development of economic activities in which Qatar can specialize, including the technical and human requirements of these activities

A knowledge-based economy characterized by innovation; entrepreneurship; excellence in education; a world-class infrastructural backbone; the efficient delivery of public services; and transparent and accountable government

Changes to the 2030 Plan

Possible changes to Qatar's 2030 plans will include :

More tourist attractions (the pearl, shopping malls...)

Bringing in more franchises (DTFF, Doha Sailing Festival, Moto GP, FIFA World Cup…)

Accommodations (apartment buildings, compounds, villas, hotels…)

Investing more in the green and cultural economy.

In Detail

More tourist attractions/ more franchises; they would need these to give people a reason to come to Qatar and spend their money here.

Accommodations; so that people have a place to stay in Qatar either temporarily like in a hotel, permanently like a house or for holidays like a beach house, villa…

Investing more in cultural enterprises; with the generations becoming more educated they would visit places like libraries and museums. Qatar should provide these facilities for this generation and they could make money in the process.

Investing in the green enterprises; they should invest in the green economy to save money by using renewable energies which, in the long run, save them lots of money. And in the even longer run Qatar will have a fall back energy when carbon based energy runs out. And by replacing the fossil fuels they use to power the country they can export it instead or with the renewable energies.

bibliography

http://www.youtube.com/watch?v=GA-jCZBCkHw

http://qataracademy.org/file.php/383/Qatar_National_Vision_2030.pdf