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Qatar business prospects remain bright thanks to the nation’s oil and gas wealth and its focus on increasing private and foreign investment in non-energy sectors. While oil and gas still account for more than 50% of the nation’s GDP (roughly 85% of export earnings and 70% of government revenues), Qatar remains on relatively stable footing considering its large proven reserves and its pro-business policies. With no income tax, Qatar maintains one of the world’s lowest tax rates and has a standard of living comparable to any modern state (one of the highest per-capita income countries in the world). Another incentive for doing business in Qatar, is the nation’s successful bid for the FIFA 2022 World Cup. In preparation for the event, Qatar should continue to accelerate large-scale infrastructure projects such as it’s metro system and the Qatar-Bahrain causeway.

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