Snapshots

Qatar: New Development Plan Goes in Pursuit of Knowledge

Mar 15, 2018 | 17:03 GMT

Construction is out and knowledge is in -- at least when it comes to putting Qatar’s economy on a firm foundation for the future. On March 14, Qatari Prime Minister Abdullah bin Nasser bin Khalifa al-Thani unveiled a new five-year plan for the country that will focus on social development and economic diversification. The strategy will involve nurturing a robust private sector in areas such as science, logistics, financial services and tourism, as well as information and communication technology. At the same time, the small, arid, natural gas-rich country aims to develop sustainable water resources and produce 65 percent of its own seafood through local fish farms. And in a sign of greater belt-tightening, Qatari officials have noted that spending will need to fall by about one-third to around 21.2 percent of the country's gross domestic product....

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