Qatar’s industry is characterized by a powerful economy, a booming tourist industry and a flourishing real estate market.

 

Gas

Qatar, which holds the world’s third largest gas reserves (14%, after Russia 27% and Iran 15%), is boosting its overall production capacity, especially for Liquefied Natural Gas (LNG).

Qatar shares the world’s largest gas field (known as the "North Dome" ) with Iran. In just a few years, it has become the world’s leading exporter of liquefied natural gas, far ahead of Russia, Canada and Norway.

Qatar aims to become theworld’s biggest producer of GTL ("Gas-To-Liquids": a technology for converting carbon compounds such as coal and natural gas into petroleum products).

 

 

Industry

Moreover, Qatar has embarked on an ambitiousindustrialization program. For instance, in April 2010, Qatar inaugurated:

• one of the world’s largest condensate refineries (Ras Laffan Refinery – 146 000 b/d),
• one of the most productive aluminum smelters in the world (Qatalum – 585,000 tpy) in Messaied,
• a giant steam cracker (Ras Laffan Olefin Company).

 

2022 FIFA World Cup

In addition, the announcement in December 2010 that Qatar will host the 2022FIFA World Cup paves the way for huge building and infrastructure development projects. Industry experts estimate that approximately $100 billion will be invested over the next 12 years:

• $66 billion in infrastructure projects (rail, air and road links)
• $17 billion in tourism development
• $4 billion in the construction and renovation of 12 stadiums
• $3 billion to build a causeway linking Qatar to Bahrain (which when finished will be the world’s longest bridge)
• $1 billion for infrastructure expansion of the Doha International Airport