Qatar has become one of the richest countries in the world in just a few decades and now, Qatar is trying to rebuild its economy based on that economic strength and create many new opportunities.
Underlying Qatar's economic strength are its vast natural gas reserves — the third largest in the world. The report notes that, like the Gulf countries, Doha is aiming to transition to a "knowledge-based" economy.
Qatar is poised to become a technology leader in the future, but hydrocarbons still dominate the country's economy. It accounts for 90 percent of the country's exports and 80 percent of its revenue. Qatar has also set a target of reducing greenhouse gas emissions by 25 percent by 2030.”
The country has progressed in clean production technologies such as carbon capture and storage (CCS). According to the report, the plan is to increase CCS capacity by 400 percent by 2035.
