Country:Qatar

SME sector

  • The Qatari government recently launched Enterprise Qatar, a US$550 million fund to support entrepreneurs and SMEs.
  • A UN Development Program report has cited Qatar’s SME sector is “underdeveloped” compared to its GCC neighbors.

 

Economy

  • Despite the global economic downturn, Qatar’s economy grew 9% in 2009.
  • Oil remains the dominant resource, accounting for 60% of GDP and over 85% of exports.
  • Oil reserves are still estimated at 15 billion barrels, and current production levels can be maintained for another quarter of a century.

 

Society

  • Qatar has invested in culture, with Doha boasting a Museum of Islamic Art and the Tribeca Film Festival.