Economic development and Qatar 2030 vision

In this blog post I will talk about one of the four pillars of Qatar 2030 vision is the economic development. I will also give brief information about a big project and a big company that are helping with Qatar’s economy and the 2030 vision.

The economic development sector deals with three main sections that are shown below:

· Sound economic management:

-Qatar aims to have ‘reasonable’ economic development rate where it can catch the attention of international investments, and be able to keep up with the dynamic and changing world.

· Responsible exploitation of oil and gas:

-In this section of the sector the country aims to use petrol and gas to help develop the human resources. Also Qatar aims to have a well-established gas industry that produces clean energy to the country.

·  Suitable economic diversification:

-         Qatar wants to enlarge the national economy by reducing the use of hydrocarbon industries and to rely more on the private sector. Also, the country wants to enlarge the industries that can use the knowledge gained from hydrocarbon industries, and to use such industries to maintain a suitable economic diversification.  

Lusail city:                             

    According to Lusail city’s website, the city is considered one of the largest sustainable cities in the country. The city provides schools, mosques, medical facilities, and more, also it provides jobs for around 170,000 people. All this will enable Qataris and non-Qatari residents to live there without worries. In addition, the city will provide a theme park, two marinas, and two golf courses to let the residents to enjoy the luxury.

 Qatar is trying to develop its economy using Lusail city, but how? Lusail city is a large city that enables people to work and live in it. And this will result in attracting employees and investors from all over the world, which will bring profits to the government and help the economic growth.

       Baladna:

 Baladna is a large private agricultural company in Qatar that produces dairy products. The company raises its own livestock in its farm that is located at the north of Qatar and provides the suitable environment for the livestock to live and produce milk. Baladna helps the economy of Qatar by working to achieve one of its goals, which is self-sufficiency in dairy products. Self-sustainability is one of the goals of the 2030 vision, where Qatar wants to depend less on importing products but to produce them using its resources. Baladna became more well-known after the blockade because it used the blockade as a chance to enhance its performance and to produce the sufficient dairy products for the people of Qatar.  After the blockade Baladna imported 4000 cows from US, Australia, Germany, and Netherlands to produce more milk because the main source of milk was cut. Also it expanded its area to 2.4 million square meters. And as a result of this, Baladna now produces 30 to 35% of dairy products in Qatar, which is definitely helping Qatar to achieve its goal of self-sustainability, at least in dairy production.

 Overall, I think that Qatar is working to achieve its 2030 vision even if the process in this time is slow. Local companies and farms are spreading over the country to help achieve the self-sustainability goal of the country, which in my opinion is a great way for the people who live in this country to contribute to the vision.

And to end this blog post, I would like to suggest reading more about the topic from the websites below. I used these websites to talk about the Qatar 2030 vision.

Qatar 2030 vision

Lusail city website

Your food is made in Qatar