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Get to Know About Qatar
Qatar is a country located in Western Asia. It also occupies the small Qatar Peninsula on the northeastern coastline of the Arabian Peninsula. Saudi Arabia borders it to the south, with the remaining of its territory bounded by the Persian Gulf. The Gulf of Bahrain divides Qatar, from its neighboring country, Bahrain. Its capital city is Doha.
The population in Qatar is estimated to be around 2.6 million inhabitants. 20 percent are Qatari, with the remainder being foreign expatriates. Most of the expatriates are from India and Pakistan. The official language is Arabic with Farsi, English, and Urdu used.
With its relatively small population status, Qatar is the world’s biggest gas exporter and robust economic headwinds. Following the fluctuation of the oil prices in the wake of 2014, Qatar experienced the first budget deficit in 2016, prompting the bolstering its long-standing policy of economic diversification. With that, doing business in Qatar is lucratively up emanating from its rich oil banks and the policy of foreign direct investment. However, Qatar still faces some unfavorable diplomatic relations, especially from some members of the GCC which was witnessed in 2017 when there was an economic blockade. The business environment is competitive, and its soaring economy is supported by factors, including low employment rate, high fixed capital formation ratio (GDP), and the trade balance of GDP ratio. These key pointers, including their high productivity and low inflation, show that doing business in Qatar is rewarding.