Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar ranks No. 2 in per capita GDP  Join our daily free Newsletter

MENAFN - The Peninsula - 08/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) As a result of real estate boom and massive infrastructure development, Qatar ranked second among the world's 30 leading countries in terms of per capita contribution to Gross Domestic Product (GDP) from 'built assets' estimated at 20,630 (QR75,124) in 2013, closely followed by the UAE, according to a global study released yesterday by EC Harris, a UK-based real asset consultancy.

Qatar, the host of 2022 Fifa World Cup, is only behind Singapore (29,500) and ahead of the United Arab Emirates (17,470), USA (17,460), Hong Kong (16,340) and Japan (15,450). While Germany (12,730) and France (12,720), Europe's largest and second largest economies have stood at 9th and 10 positions, respectively.

Launched by EC Harris, an ARCADIS company and built asset consultancy firm and developed in conjunction with the Centre for Economics and Business Research (Cebr), ARCADIS' Global Built Asset Performance Index, the landmark study illustrates how buildings and infrastructure contribute to GDP across the world, including Qatar.

Terry Tommason, Head of Qatar Property and Social Infrastructure, at EC Harris said: "Qatar is one of the prosperous performers ranked second out of 30 countries in terms of generating GDP from its built environment on a per capita basis. The economy generates significant income per capita from its built asset wealth than many countries which bodes well for future economic growth. Furthermore, the entire Middle East market is expected to show robust growth of 29 per cent in per capita terms over the coming decade and has the potential to raise built asset returns quickly."

On an absolute basis, however, Qatar ranked 30th out of the 30 markets surveyed, due to its relatively small geographic size and population. On this basis, China, India and Japan all featured in the world's top five markets in terms of GDP generated from built assets, with the USA and Germany completing the top five.

Tommason added: "From our research we can see that countries face many different challenges in order to maximise the performance of their built assets. While some countries are proactively managing their built asset wealth to put them in pole position to reap the economic returns over the coming decade, others are in danger of failing to invest in their aging built asset base leading to a slow decline in their economic power. Sustaining a built asset base that protects the environment, enables people to thrive and creates economic value is possible but a clear long-term vision to deliver this infrastructure is absolutely essential."

In terms of future performance, Singapore did not fare as well. While Asia is by far the region that is expected to see the biggest built asset performance expansion by 2022, with eight of the world's top 11 markets expected to see the most growth are located in Asia, Singapore and Japan were the economies not to be in the world's top 11. China, Indonesia, India and Malaysia were all in the top five for projected built asset performance by 2022.

The Index illustrates, for the first time, how Singapore compared to 29 other countries that collectively represent 82 percent of global GDP and are a mixture of both advanced and emerging economies. The Index also reveals that total built asset income within these countries stood at 27.2 trillion, amounting to 40 per cent of total GDP. This figure is expected to rise to 28.2 trillion in 2014.

 


The Peninsula




  MENA News Headlines
 Nov 24 2014 - Saudi Arabia Qatar in Gulf Cup finalArab News
(MENAFN - Arab News) Saudi Arabia had a fast start and held on to a 3-2 victory over UAE Sunday night in their semifinal match and advance to the final of the 22nd Arabian Gulf Cup football ...

 Nov 24 2014 - Kuwait- Al-Jarallah meets Honduran officialsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Undersecretary of the Foreign Ministry Khaled Al-Jarallah met visiting Undersecretary of the Honduran Ministry of Foreign Affairs and International Cooperation ...

 Nov 24 2014 - Kuwait- His Highness the Amir's envoy attends 2014 Formula 1 raceKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Representative of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Minister of State for Cabinet Affairs Sheikh Mohammad Abdullah Al-Mubarak ...

 Nov 24 2014 - Kuwaiti official hails GCC social affairs meetingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A senior Kuwaiti official has lauded the just-concluded meeting of undersecretaries of the GCC ministries of social affairs and labor as "successful and ...

 Nov 24 2014 - Kuwait- MP submits interpellation against Commerce Min.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) National Assembly Speaker Marzouq Al-Ghanim on Sunday said MP Abdullah Al-Turiji has submitted a four-axe interpellation request against Deputy Prime Minister and ...

 Nov 24 2014 - Kuwait- US dollar buoyed by positive data and increased concerns over global growth - reportKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The US dollar traded near a 4Ø¢½-year high against its major counterparts last week, as mostly positive US data continued to support the greenback and comments by ...

 Nov 24 2014 - Kuwait- Palliative care has key role in alleviating pain - specialistsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The head of Kuwait Cancer Control Cancer Dr. Ahmad Al-Awadhy here on Sunday underlined the importance of palliative care in alleviating pain of people who suffer ...

 Nov 24 2014 - Kuwait- MoI eyes latest scientific approaches to resolve traffic problemsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Assistant Undersecretary for Traffic Affairs Major General Abdullah Mhanna said Sunday that the Ministry is keen on using the most sophisticated means and latest ...

 Nov 24 2014 - Kuwait- Min. Al-Madaj welcomes MP's constitutional right to questionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Deputy Premier and Minister of Commerce and Industry Abdulmohsen Al-Majad Sunday welcomed the constitutional right of any MP to question a minister.Al-Madaj, in a ...

 Nov 24 2014 - Kuwait- Expert urges boosting GCC education qualityKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A Kuwaiti expert on Sunday emphasized the importance of improving education quality and systems in the Gulf Cooperation Council (GCC) member ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help