Emerging Qatar market
Source：自撰
From：Taiwan Trade Center, Dubai
Update Time：2024/02/05
The Qatari market is not very open to the public in terms of data availability, but the observation from locals and residents led to this report. The Qatari market relies more on shopping malls, Salwa Road, several old markets and some smaller shops scattered around the city of Doha. There are 17 shopping malls in Qatar: Hyatt Plaza Mall, Mirqab Mall, Mall of Qatar, Al Khor Mall, Galeries Lafayette, Ezdan Mall, Lagoona Mall, Al HAzm, Landmark Mall, Tawar Mall, City Center Mall, Villagio, Doha Festival City, Place Vendome Mall, Printemps Doha, Gulf Mall, and Doha Oasis Mall.
The options of products, like food and consumer goods, in Qatar were known to be limited and became worse after the siege of Qatar in 2017. That is when Qatar made a shift to promote local production and to change the public consumption’s direction. But after FIFA, the locals noticed that 2023 has been different and there is a noticeable change in the country’s market.
For International trade with non-oil products, the total Imports for the year 2023 (Jan-Oct) is 94 billion QAR and the total export for the same period is 300 billionQAR. For the year 2022, the total imports were 121 billion QAR and the total exports were 476 billion QAR. Compared to the year 2021 before FIFA, the total imports were less, reaching 101 billion QAR and the total exports were 317 billion QAR.
It is noticeable from the statistics provided by Planning and Statistics Authority that machinery and transport equipment had the highest import value for the year 2022, followed by manufactured goods and Food and live animals.
According to The National News, Qatar’s GDP is expected to increase by 1.75% yearly during 2023-2025. And, the economic growth is expected to rise to 5% per year due to the expansion of the North Field which will increase the production of LNG.
Meanwhile, Qatar aimed to provide more investment opportunities in the logistics, food security, education, health, tourism and sports sectors, by providing several investment incentives.
Source: https://www.thenationalnews.com/business/economy/2023/11/22/qatars-economic-growth-normalising-after-world-cup-driven-boom-imf-says/