Qatar Emir's speech signals economic strength
The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, affirmed that the country's economy has dealt with the recent crisis with strength and resilience, relying on a real growth rate of 2.9% in 2025, along with stable inflation and a surplus in the current account. He explained that pre-crisis economic policies, such as strengthening reserves, reducing debt, and diversifying revenues, helped absorb the impacts, despite some facilities in the energy sector being affected and part of exports being halted. He pointed out that the non-hydrocarbon sector accounts for about 80% of the gross domestic product and continues to grow despite the challenges, thanks to diversifying supply chains and safeguarding maritime and energy security. He emphasized that projects like the North Field expansion, Qatar's investments in energy, and other initiatives such as "Golden Pass" highlight the economy's ability to withstand difficulties. Additionally, the government is working with the private sector to maintain essential services and achieve sustainable growth amid challenging international conditions.
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