Prince Announces 221bn Riyal Investment Plans
His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, inaugurated the second ordinary session of the Shura Council. In his speech, he emphasized that Qatar accounts for approximately 20% of the world's liquefied natural gas trade. Despite some of its exports being delayed due to the closure of the Strait of Hormuz and damages to Ras Laffan facilities, Qatar's GDP grew by 2.9% in 2025, with inflation remaining stable and a surplus in the current account. He stated that Qatar has been able to face the crisis by increasing reserves, reducing public debt, and expanding non-oil revenues. Additionally, a plan has been put in place for projects and investments worth 221 billion riyals over five years to enhance economic diversification.
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