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MENAFN - Qatar News Agency - 08/12/2013

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(MENAFN - Qatar News Agency) The value of Qatar's economy which is based on oil and gas will be in 2015 half the value of Gross Domestic Product(GDP) by 2015, according to Euromoney Conferences .

Economists in a QNB: massive investment in infrastructure driving significant growth in the sector of the economy is based on oil and gas during 2013 and 2014 , and discuss the future course of development in the " Euromoney Conferences said in a press release issued here on Saturday

Moving the economy of the State of Qatar varied to achieve an important achievement is to override the value of the sector is based on oil and gas in it for more than half of GDP by 2015 , according to the statement by economists with the acceleration of preparations for a financial conference is important in Doha next week

It is noted that Doha will host Euromoney Qatar 2013 conference on 10 and 11 December at the Ritz -Carlton Doha and co -hosted by Qatar Central Bank (QCB) with large delegations taking part to have a deep understanding of the financial scene in Qatar

There will be an opportunity for the members of the delegations participating in the conference , " Euromoney Qatar 2013 " for a deeper effect on how the structure of modern government and the new regulations on the economy, and see as well as expectations about the progress of the state's economic future

In 2012, GDP of the State of Qatar 192 billion U.S. dollars form the oil and gas industry ( hydrocarbons ) 58%, according to a recent report issued by the group QNB

GDP is expected to grow the sector is based on oil and gas in the country's economy from 42 % in 2012 to more than 50 % in 2015 , driven by the giant projects of the infrastructure that will be to host the World Cup in football , said the press release of Euromoney Conferences

It is also expected that the GDP grows by 6.5 % in 2013 and by 6.8 % in 2014 , while Qatar will develop in more than 240,000 jobs

The press release said that Qatar's economy is booming, and enters at the moment a new phase of economic growth based on the diversification of its economy and reduce the traditional reliance on the oil and gas industry (hydrocarbons) noting that the huge investments in the sector construction, transportation, real estate, petrochemicals will produce significant growth of the non-oil sector during the next few years . QNB Group is the first commercial bank owned by Qatar , and the strongest bank in the world ranked by Bloomberg Markets . It is noted that the positive attitudes, regarding the future of the Qatar Financial is a common view with many international financial institutions that will participate in the conference " Euromoney Qatar 2013 " , and this will affect the perception of the new generation of the most important players in the financial sector of the Gulf states and others including QNB Group. Qatar is one of the countries which receive much attention in the international financial sector as it , Qatar, has been rated by the World Economic Forum (WEF) as the most competitive state in the Middle East and will change its status from " frontier market " to " emerging market " by (Morgan Stanley Capital International Inc.),MSCI in May of 2014. QNB Group is the fastest growing Gulf banks and the largest bank in the Middle East and North Africa , one of the major sponsors of the conference " Euromoney Qatar 2013 " , on the basis of its commitment to enriching interest in investment opportunities in the region , and care for exhibitions to stimulate growth . Euromoney Conferences organises a wide selection of events, which attract delegates from a variety of industries, markets and regions across the world and in some Middle Eastern countries such as Saudi Arabia, Egypt , Kuwait and now in Qatar.

 






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