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With the contraction of world demand for oil since 1973, some must resort again to borrowing while some and some will have to trim or defer particular development projects.

 

The fact remains that for all practical purposes, their current ability to buy the essentials of economic luxuries if not all of them seems effectively unconstrained. During the period of 1974-6 as an indication, OPEC having paid for their enormously increased imports will have accumulated a surplus income from oil sales. Obviously that surplus is distributed extremely unevenly.

 

Nevertheless, it is clear that for most oil exporters, especially in the Gulf, a substantial financial reserve have already been built-up, which can be drawn upon to support their continued development in the future even if , for some reasons, their current earning power should diminish.

 

Advantages of Doing a Business in Qatar

 

1. Strategic and a unique location

 

Located at the crossroads of the Middle East region

 

Part of the Arabian Peninsula

 

Arabian Gulf and Iran are situated in the east of the country, Saudi Arabia in the west, UAE in the south

 

It’s capital, Doha, parallels the length of the coastline, which runs 563 km. This has contributed to the presence of a number of ports used for the import and export of goods to other parts of the region.

 

2. Stable political environment

 

Guaranteed freedom of beliefs, expression, the press, and the protection of intellectual property rights.

 

It enjoys excellent trade relations with a number of big and powerful countries in the world. Due to the wise and tolerant domestic policies, it was able to gain leadership in the development of foreign trade.

 

3. An economy with strong pillars directed to free market

 

Economic policies based on the command of private sector and trade liberalization and merging into the world economy, the State of It became the twenty first member of the World Trade Organization (WTO) in 1994. It is a member of the GCC, Organization of Petroleum Exporting Countries (OPEC), International Monetary Fund (IMF), Organization of Arab Petroleum Exporting Countries (OAPEC) in addition to the Arab League and the United Nations.

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