Industries in Qatar’s non-hydrocarbon sector are expected to contribute 9.1% to Qatar’s GDP growth between 2013 and 2016, Dr Abdul Latif al-Khaja, a GCC business consultant said.
According to al-Khaja, Qatar’s GDP growth is expected to reach 6.9% between 2013 and 2016 with the oil and gas sector contributing an expected 4.4% and 9.1% by the non-hydrocarbon industries.
While the government has focused on developing Qatar’s energy sector in the past, al-Khaja said the oil and gas industry would take a back seat as investment in the non-hydrocarbon industries will drive the economy.
“This model of investment would lead to the development of the State…so you see, it only goes to show that Qatar is no longer focusing too much on the energy sector and they want us to focus on other non-hydrocarbon industries,” al-Khaja said.
“The Qatar National Vision 2030 will lead us to a wise management of the economy… we need more investors and this is one of the primary motives and reasons why we are holding this event,” al-Khaja said.