22 Hrs
Source:
وكالة الأنباء القطرية
Qatar Central Bank: Non-hydrocarbon GDP at 70%
Data from Qatar Central Bank indicates that the contribution of the non-hydrocarbon sector to Qatar's gross domestic product has increased from 40% in 2011 to around 70% currently, supported by fiscal surpluses and strategic reserves. Despite regional challenges, the non-hydrocarbon economy grew by 3.5%, and Qatar was able to reduce its debt-to-GDP ratio from 60% to 40%, while maintaining an AA credit rating. Qatar is focusing on implementing expansion projects to increase natural gas production to 145 million tons annually by 2030, and applying long-term investment strategies centered on technology and artificial intelligence, with 18 projects in this field completed so far, to enhance economic diversification and support sustainable growth.
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