According to a report by the IMD World Competitiveness Center released on the 30th of May, Qatar has surpassed the United Arab Emirates in terms of economic competitiveness. It was named as the most competitive economy in the Middle East based on the IMD WCC Index. UAE, on the other hand, dropped down three places, ranking 15th from 12th place. Qatar currently holds the 13th position.
Hello, everyone! Lisa Dudzik here. I have travelled the world for work, from the Middle East to Europe, and parts of Asia. My job as a contracts and claims manager in the construction industry has given me the opportunity to work with some of the biggest construction firms in the world—a privilege that I am grateful for every single day. I have worked with clients on numerous infrastructure projects, and it is always great to hear about the economic growth and progress of the countries I’ve worked in.
Qatar’s economy is primarily dependent on the petroleum and liquefied natural gas industries. And although there is slack in the petroleum industry in the Middle East, Qatar is surprisingly enjoying a much-needed economic boost, thanks to its rich reserves of natural gas. It can be surmised that its recent economic boost can be attributed to its natural gas industry, which is why it has overtaken the UAE in economic competitiveness standing.
The country’s development is actually at full throttle because of the impending 2022 FIFA World Cup—which the country will be hosting.
QBX 2016 – The First International Expo for Business Solutions and Support Services in Qatar
QBX 2016 was held last January. It’s a 3-day event that ran from the 10th up to the 12th of January this year. It was a huge event that gathered businesses of every scale and industry, and it provided a venue for all business owners to network and build strong relations with current and potential partners and clients.
With the country’s recent economic boom, there are two major beneficiaries directly affected; the public and business owners (from startups to large and established companies). And for business owners and suppliers, the QBX Expo was the right place to be.
If you are a business owner looking for solutions to address the company’s various needs and requirements, you can find the right supplier or provider at the expo. On the other hand, if you are a supplier or provider looking to expand your network, the expo can give you the exposure that you need while providing you opportunities to meet the right people.
I would have loved to have been there at the expo to meet potential clients or simply discuss the positive changes in Qatar’s economy, but work prevented me from flying in and playing eager spectator. I do, however, intend to be present for the next one.
If you have questions about this post, or you wish to get in touch with me, please feel free to contact me directly through this site. I will be more than happy to answer questions to your satisfaction.