Country Guides
Qatar
Business

Business

Qatar

GDP: US$68.9 billion (2007).
Main exports: Oil and gas.
Main imports: Consumer goods, machinery and food.
Main trade partners: Japan, South Korea, France, US and Singapore.

Economy

Oil, and in particular gas reserves, have transformed Qatar from an impoverished outcrop on the Arabian Peninsula into one of the richest countries in the world. As of 2007, it is the largest exporter of liquefied natural gas in the world.

While agriculture is limited by climate and water resources, the Qatari government has bolstered indigenous industries such as petrochemicals and refining, ammonia, fertilisers, steel, cement and commercial ship repair. Current economic performance shows annual growth of 7.8% (2007) and inflation runs at 12% (2007).

Qatar is a member of OPEC and the World Trade Organisation.

Business Etiquette

Politeness and patience are key ingredients for successful business interaction.

Office hours: Sat-Thurs 0800-1200 and 1600-1900.

Government office hours: Sat-Wed 0700-1400. Some are open on Thursday mornings too.

Conferences & Conventions

Several of Doha's largest hotels provide facilities with extensive support services, including simultaneous translation systems and full audio-visual capability. Contact individual hotels for more information.

Business Contacts

Qatar Chamber of Commerce and Industry
PO Box 402, Doha, Qatar
Tel: 455 9111.
Website: www.qcci.org

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