Non-Oil Sectors Account for 65.5% of Qatar's GDP

The latest report by Oxford Business Group (OBG) revealed that Qatar's non-oil sectors now account for 65.5% of the country's GDP, highlighting the nation's accelerating progress in diversifying its economy and reducing dependence on oil and gas.

The "Qatar 2026" report attributes this growth to the continued expansion of the construction, trade, tourism, logistics, ICT, and financial services sectors, supported by regulatory reforms and sustained infrastructure investment.

According to the report, Qatar's Third National Development Strategy (NDS-3) aims to attract USD 100 billion in foreign direct investment by 2030 through regulatory reforms and incentive programs targeting advanced industries, logistics, digital technologies, and financial services.

The report also noted that ongoing infrastructure development, the adoption of 5G, artificial intelligence, cloud technologies, smart city initiatives, and sustainable finance are strengthening Qatar's competitiveness and reinforcing its appeal as a long-term investment destination.

It added that sustainable urban planning and affordable housing remain central to Qatar's long-term development strategy, supported by technology-driven planning and public-private partnerships.