Despite the global impact of the COVID-19 pandemic, Qatar has been able to maintain its extended period of economic strength, boasting one of the highest GDPs in the world. Increases in LNG production, continued strides in national development strategies and its commitment to hosting the 2022 FIFA World Cup have aided Qatar in maintaining its economic standing.
Despite the fact that it is too early to predict the effects of COVID-19 on Qatar and the blockade imposed upon the country continues, progress on Qatar’s current government-funded construction projects including the US$35 billion North Field Expansion and US$40 billion Qatar Integrated Rail projects, has continued. While Qatar has managed to achieve its impressive growth primarily because of having the third-largest natural gas reserves in the world, plans are scheduled to continue in order to diversify its economy and ensure the sustainability of its growth during uncertain times.
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