Global institutions are constructing economics and infrastructure projects
The state continues to adopt the approach to maintaining its estimates for the price of an oil conservative in the public budget
The Law of Settlement of Jobs in the private sector is an extension of the comprehensive economic development process
With great steps and iron will, Qatar is moving forward to assume a distinct economic position on the regional and global arenas. Thanks to the wise economic policy of His Highness the Emir of the country, which made the Qatari economy an admiration all over the world, as the World Bank expected the growth of the Qatari economy, by 2.7 % in 2025, an increase of 2 % in 2024, with growth momentum to 5.5 % by 2026 with the start of the production of the first phase of the expansion of the North field. The World Bank suggested that the average economy growth increases to 4.1 % in 2025 and 2026, driven by an increase in the production capacity of gas, and the bank indicated that the non -oil GDP will remain high with a growth rate of 2.3 % supported by new infrastructure projects, and the expansion of the industrial sector, bringing the average growth in the non -oil sector to 3.4 % during the years 2025 and 2026.
Strong credit rating
In turn, Oxford Economics stressed that Qatar’s budget for 2025 is balanced between major investments with conservative expectations, noting that the conservative assumption of oil price in Qatar at $ 60 a barrel “confirms financial discipline and sustainable policies in the country.” This supports Qatar’s strong credit rating, but we believe that these oil prices assumptions are conservative, given that Qatar has maintained a budget surplus over the past three years. “We expect a surplus of about 12 billion riyals in 2025,” Oxford Economics said. “And these expectations confirm the financial discipline and sustainable policies in Qatar,” and Oxford Economics estimated that the economy unrelated in Qatar will grow by 2.4% in 2024 compared to its previous 2.5% expectations, up from 1.1% in 2023. And improved growth in the non -oil sector at the end of the year at the end of the year. The past, as it rose to 1.7% on an annual basis in the fourth quarter, from an average of 0.8% in the previous three quarters.
The budget is demonstrated by the state’s keenness on a set of principles that made it a title for the next stage, foremost of which is the increase in education and health services as the cornerstone of economic and social development, and the basis of the renaissance that developed countries that seek to more luxury of their people.
As for the municipal and environmental allocations in the new budget amounting to 21.9 billion riyals, to establish a shelter and wild animal care center, the development and rehabilitation of the Maha Valley Reserve, the rehabilitation, operation and maintenance of the Central Veterinary Laboratory Building, and the project of developing single groups in the country and expanding the Aquaculture and Fish Aquatic Research Center.
Completion of the development sectors development projects
The health sector allocations amount to 22 billion riyals, from which construction work will be completed for new hospitals and the completion of projects to develop existing installations for the Hamad Medical Corporation and the Primary Health Care Corporation, which reflects the continued commitment of the state to the policies of developing human capital and raising the level of quality of public services.
The sports sector has allocations of 6.6 billion riyals, in order to rehabilitate and develop the facilities of the Aspire Zone Foundation and the development of facilities affiliated with the race and equestrian club and the Qatar Equestrian Federation and the development of the Al -Aqda Equestrian Complex (the fourth stage), in addition to the work of developing covered sports halls and sports facilities of the Ministry of Sports and Youth and others.
The total expected revenue for the budget for the fiscal year is 2025, with 197 billion riyals, of which 154 billion riyals are oil and gas revenues, and 43 billion riyals is non -oil revenues, and the inflation rate began to return to its normal levels, reaching 1.3 percent until the beginning of this year, which is among the best in the world,
Job settlement law
On the other hand, the current public work begins with the Law of Setting and implementing jobs in the private sector, and working with it after six months from the date of its publication in the Official Gazette. The law represents an extension of the comprehensive economic development process currently taking place in Qatar, and attention to the human component of the people of Qatar, where the law contributes to supporting and enhancing the role of future generations in development and giving them advantages and incentives to assume the leadership of leaders in the private sector during the next stage.
Financial and economic expert Abdullah Al -Khater confirms that the new law represents support and enhancement of the role of the private sector and business sectors in the future, by completing the development process in Qatar with the help of its children with skills and expertise. He adds that Qatar has the best educational systems in the world, and thus graduates of this system is easy to join jobs and receive the responsibility of the administration, and the best evidence for this is that those who possess the leadership of the public sector and the semi -government sector are the youth of Qatar from the current generations that trained and gained the necessary skills that enabled it to lead in the public sector.
He explains that the state did not skimp on encouraging graduates through the incentives and benefits it prepares for the public and semi -government sector, and therefore comes the role of the private sector and business sectors to complete this march through the new law that opens the door to the Qatari youth to carry out their duty in economic development through the private sector and business sectors.
Al -Khater adds that work must be done to find a common ground between the public and private sectors with regard to employing Qatari youth through the incentives and common benefits between the two sectors, and to encourage young people to join private sector companies and take the lead in them.
Al -Khater explains that with the passage of time the private sector and business sectors will be the preferred choice for Qatari youth, and that the law supports this trend through the measures that will be taken in terms of training and acquisition of skills and education outcomes, so there must be coordination between the public and private sectors to employ new graduates of young people of both sex With developments in the times.
Young people take leadership
For his part, businessman Ahmed Al -Khalaf emphasizes the importance of the law during the next stage, as Qatar seeks to take over the leadership in all fields, and the law, according to the Ministry of Labor, comes in line with the vision of the State of Qatar 2030 within the pillar of human development by providing quality investments and creating employment and training opportunities for citizens, citizens and children of Qatar, along with the third national development strategy aimed at conducting a fundamental transformation towards a more productive labor market that focuses on jobs that require high skills, and that By relying on the basis of sophisticated Qatari talents and competencies and the use of highly skilled foreign talents.
He adds: The law aims to raise the rates of effective participation of the national workforce in private sector institutions and companies, and to open functional areas and opportunities for Qataris and Qatari people in order to benefit from the qualified national competencies. Al -Khalaf adds that the Qatari youth have the ability to deal with the data of the new era, and the country has programs and plans to provide training and education for Qatari youth and provide them with the skills necessary to take over the private sector, through the current education outcomes and skills acquisition, the demand for the employment and employment of Qatari youth will be increased, as the private sector has proven its ability to compete at home and abroad, and needs the arms of Qatar’s children to take over responsibility.