The
State of Qatar is one of the fastest growing economies in the Middle
East. Qatar's proved reserves of natural gas exceed 7 trillion cubic
meters, more than 6% of the world total, second largest in the world
after Russia. Production and export of natural gas are becoming
increasingly important. Long-term goals feature the development
of offshore natural gas reserves and establishment of downstream
industries. In a short space of time, Qatar has become the world’s
largest producer and exporter of liquefied natural gas and the base
of the world’s largest urea-ammonia complex.
Having focussed on the development of its offshore
natural gas reserves in the last decade, the country is now investing
hugely in the development of downstream industries. It is poised
to be the capital of the world’s Gas to Liquid (GTL) plants.
In addition, Qatar is hosting the Asian Games in 2006. This has
lead to a host of opportunities in the commercial and infrastructure
sectors.
Targeted to spend over US$ 24 billion in the
energy sector alone over the next five years, Qatar today offers
a wide range of opportunities to suppliers of products and services
in virtually all segments of the market.
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