Non-hydrocarbon sectors contribute around 80% of real GDP: Amir
<p>Doha, Qatar: The Amir HH Sheikh Tamim bin Hamad Al-Thani said that the State of Qatar supplies approximately one-fifth of the world’s liquefied natural gas trade, and any disruption affecting it is quickly reflected in markets and consumers everywhere.</p> <p>HH the Amir said that the closure of the Strait of Hormuz, together with the direct damage inflicted on some energy facilities in Ras…
Doha, Qatar - Amir HH Sheikh Tamim bin Hamad Al-Thani disclosed that Qatar supplies roughly one-fifth of the world's liquefied natural gas trade. Any disruption to this supply is swiftly felt in global markets and consumer markets.
His Highness also noted that the closure of the Strait of Hormuz, combined with damage to energy facilities in Ras Laffan Industrial City, disrupted a significant portion of the country's exports. However, these economic disturbances were predominantly felt in the energy sector. In stark contrast, non-hydrocarbon sectors continued to thrive, accounting for approximately 80% of real GDP.
This statistic underscores the resilience of Qatar's national economy and its ability to maintain growth despite extraordinary and complex challenges.
During the inauguration of the second ordinary session of the second legislative term, HH the Amir emphasized that the state's primary focus in the face of the crisis has been protecting citizens, meeting their needs, and stimulating economic activity. In collaboration with the private sector, Qatar's institutions have been actively working to diversify supply routes and secure essential commodities and strategic reserves.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
