Oil and gas rich nation, Qatar, is expected to foresee an appreciable real GDP growth of 17 percent in 2011 according to a report – Qatar Economic Review - issued by QNB Capital. Real GDP for 2010 is slated to be 14.5 percent. Growth would not be stimulated entirely by the energy sector although the impressive growth figures have been estimated on account of high foreseeable oil and gas prices for 2010/2011.

Qatar’s non oil and gas sector is expected to grow by 15.8 percent in 2010 and 15 percent in 2011, predominantly due to ambitious activities in infrastructure, manufacturing and communications. Qatar holds the third largest gas reserves in the world with petroleum products accounting for more than 70 percent of government revenue and more than 60 percent of the GDP. However, with upcoming challenges, Qatar aims to develop and grow a ‘knowledge economy.’ The nation also hopes to become an inspiration for economic progress and transformation in the region.