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How quickly Qatar got rich

How quickly Qatar got rich 0

How quickly Qatar got rich

The Al-Thani family has led Qatar since the early 1900s, when the country was still a British colony.

In 1939, oil was discovered in the city of Dukhan (Qatar).

The Al-Thani family has led Qatar since the early 1900s, when the country was still a British colony.

In 1939, oil was discovered in the city of Dukhan (Qatar).

How quickly Qatar got rich

In 1951, Qatar produced 46,500 barrels of oil per day, equivalent to $4.2 million in revenue.

Revenue from oil exports was spent by the Al-Thani family on modernizing the country.

In 1951, Qatar produced 46,500 barrels of oil per day, equivalent to $4.2 million in revenue.

Revenue from oil exports was spent by the Al-Thani family on modernizing the country.

How quickly Qatar got rich

Qatar gained independence in 1971. In the same year, they discovered the world’s largest natural gas field – South Pars/North Dome.

In 1972, the then-King of Qatar – Khalifa bin Hamad began reducing royal family subsidies and increasing spending on social programs such as housing, health care, education and pensions.

Qatar gained independence in 1971. In the same year, they discovered the world’s largest natural gas field – South Pars/North Dome.

In 1972, the then-King of Qatar – Khalifa bin Hamad began reducing royal family subsidies and increasing spending on social programs such as housing, health care, education and pensions.

How quickly Qatar got rich

Oil prices plummeted in the 1980s, causing Qatar’s economy to fall into crisis.

Oil prices plummeted in the 1980s, causing Qatar’s economy to fall into crisis.

How quickly Qatar got rich

By 1995, the situation had not improved.

By 1995, the situation had not improved.

How quickly Qatar got rich

To accommodate growing demand and production, Qatar began building liquefied natural gas (LNG) plants.

In the late 90s, Qatar began signing joint exploitation agreements with many world oil companies.

To accommodate growing demand and production, Qatar began building liquefied natural gas (LNG) plants.

In the late 90s, Qatar began signing joint exploitation agreements with many world oil companies.

How quickly Qatar got rich

To avoid resource depletion, Qatar is making great efforts to diversify its economy.

To avoid resource depletion, Qatar is making great efforts to diversify its economy.

How quickly Qatar got rich

In 2003, Qatar established a national investment fund – Qatar Investment Authority, with current assets of up to 335 billion USD, thanks to revenue from oil and gas.

In 2003, Qatar established a national investment fund – Qatar Investment Authority, with current assets of up to 335 billion USD, thanks to revenue from oil and gas.

How quickly Qatar got rich

Qatar Financial Center (QFC) was built in 2005 to develop the country’s financial industry.

Qatar Financial Center (QFC) was built in 2005 to develop the country’s financial industry.

How quickly Qatar got rich

In 2006, Qatar surpassed Indonesia to become the world’s largest exporter of liquefied natural gas.

In December 2010, Qatar was chosen to host the 2022 World Cup. The country committed to building 12 majestic stadiums with modern cooling technology so that players do not have to endure the desert heat.

In 2006, Qatar surpassed Indonesia to become the world’s largest exporter of liquefied natural gas.

In December 2010, Qatar was chosen to host the 2022 World Cup. The country committed to building 12 majestic stadiums with modern cooling technology so that players do not have to endure the desert heat.

How quickly Qatar got rich

The face of Qatar has changed dramatically over the years.

The face of Qatar has changed dramatically over the years.

How quickly Qatar got rich

And this is Qatar today, with the highest GDP per capita in the world.

And this is Qatar today, with the highest GDP per capita in the world.

How quickly Qatar got rich

However, Qatar’s economy has been under threat in recent days, with a series of neighboring countries cutting off diplomatic relations because they suspected the country of sponsoring terrorism.

However, Qatar’s economy has been under threat in recent days, with a series of neighboring countries cutting off diplomatic relations because they suspected the country of sponsoring terrorism.

Ha Thu (according to BI)

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