Saudi Official Discusses Import Diversification
The article discusses the effects of the Strait of Hormuz crisis that began in February 2026 and its impact on global trade and the Qatari economy. It confirmed that the reduction in ship transits by 95%, from 130 ships daily to just 6 during the peak of the crisis, led to a more than 30% increase in import costs in Qatar. The crisis also presented significant challenges for contracting companies and traders due to rising material prices and delays in the arrival of shipments, which affected profit margins and obligations related to old contracts. The Qatar Chamber emphasized that the private sector was able to adapt by diversifying sources of imports and expanding partnerships, while calling for increased supply chain resilience and support for those affected, to reduce the crisis’s impacts and maintain business stability.
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