Why is Qatar the richest country on earth?

Qatar has around 2.4 million people living during a relatively tiny 12,000 square kilometer country. The short answer to the question of why Qatar is rich is this: oil and gas In fact, among all members of the OPEC, or the Organization of the Petroleum Exporting Countries, Qatar is that the smallest.

Located within the Persian Gulf, Qatar may be a country with a neighborhood of less than 10,000 square kilometers. Just you have to guess how small it is. It is about 40 times smaller than California.

Therefore, when this country got its independence from the United States in 1971. Qatar was a distant, hostile. In a truly poor place, it was one of Britain’s poorest regions.

Designed in the sense of tonnage. Qatar can be a place where summer temperatures can reach 50 ° C. It is almost completely covered by desert. Definitely one of the most uninhabited places on earth.

But this did not last forever and today Qatar is the richest country on earth. Well, the citizens of this small country have a per capita income of $ 125,000. Which is about 3 times the income in France and five times in Chile? It often occurs in rural areas that were almost uninhabited. A rustic will be fun.

He would hardly survive on his fishing industry, and today it is like Scrooge McDuck Safe. The government of Qatar has investments and assets worldwide. It is the birthplace of Al Jazeera. The most important is the Arabic media company. Then Doha Capital. Which can be a sea of skyscrapers and grand cars.

A mixture of Monaco and Vegas. But without alcohol and gambling. There is no room for simplicity. Everything in Doha is fantastic. High and sparkling. angel Sastre a reporter for conflict zones.

Qatar has become a dark haunt for Wahhabist campaigners. And it has become what people can consider being the most open country in the Middle East. In modern times of Doha. We will find the International University or the so-called “Church City”. A posh of Protestant, Orthodox, and Catholic churches. Just like the church of Our Lady of the Rosary.

“The $ 20m Catholic Church. The 2,700-seat seat is donated by the Emir of Sheikh Hamad bin Khalifa-Thani Qatar on the outskirts of the city”. So now the question is how did Qatar achieve this remarkable change? Okay, let’s take a look at that.

LNG BLESSING: LIQUIFIED GAS In other videos we have discussed many keys to why some countries are so rich. But in the case of Qatar. It is very simple and is often summarized by two things. Oil and, more importantly, gas. A large number of natural gas countries in the world.

Yes, that’s it. disappoint? Okay, catch each other because it’s actually quite an interesting story. Primary oil fields were found in the 1940s. And exploitation was already consolidated by the 1960s.

And things changed within the poor country of Qatar. But not a huge amount. The thing is that it was not until the 1970s. When Shell found the country’s most important treasure. “Northern Territory”, the most important gas field within the world.

But at that time gas was not really profitable. You can see, at that point. The gas can only be transported through the gas pipe and the gas can be used from anywhere in Qatar. Even Shell soon forgot about it. But well they were close to changing things. In 1996, the old emir Hamad bin Khalifa al-Thani was removed in 2013. 

His father was in Switzerland. His power had come with a very clear idea: Qatar’s long tenure was gas. That he had to take advantage of his vast territories. Then he did. The new emir decided to take place in underdeveloped and scarce technology high levels.

Liquefaction is the ability to hold gas in liquid form. Therefore it could be carried in large vessels as if it were oil. To try to do this. The gas should be cooled and kept at a temperature of 161-C C-258 F. Therefore Qatar carried out this technology event and decided to raise a huge amount of resources for it.

So it can be used extensively? Because of that investment. Qatar is now the world’s largest exporter of LNG. With this technique. Qatar is expanding its vast gas supply, in a position to export to the rest of the planet. In fact. Last year, three-quarters of people from Qatar visited Asian countries such as China, India, South Korea, Japan, and hong kong.

There is so much more. The economically complex star has developed on such a large scale. The country is handling the most cost-effective cost of extraction and liquefaction within the world. A methane tanker from LNG has made Qatar four times cheaper than the US.

This is the big secret of this small and prosperous country. Now, this is often only one neighborhood of the equation. But not only does one get a rustic to tap resources. But they use cash to generate it well. Hence this innovative process. Qatar has another key to success.

Since the arrival of Hamar bin Khalifa al-Thani in 1995. Things have changed a lot in Qatar’s power. Led the country in its 18 years. Qataroslation has increased 5-fold. While becoming the richest country on earth. So, the old emir has many reasons to feel pleased with himself. Qatar started producing economic growth resources and.

They need to invest mainly at the national and international levels. Qatar has created a “Qatar Investment Authority” to take the position of money around the world. This is known as the power of Qatar. Because they will have $ 330 billion on hand. The population of Qatar is a small amount compared to 300,000.

But out of those 3 million people. Only 300,000 are citizens of Qatar. The fund has invested significant land around the world. In London, a large part of the city is from Qatar. Which includes hotels, offices, apartments, and Qatar within us. 2016 is the fourth largest within the country.

The fund has invested $ 5 billion within the last two years. And it is not just land, the fund also holds large shares in many multinationals. Qatar is one of the most important shareholders of such companies. Volkswagen, Iberdrola, Barclays Bank, Tiffany & Co, Shelar, and Vishal Rosneft One, as a Russian government company.

Within the image, we are close to showing how foreign investment in gas and oil production has increased. It is not just international investment – they are also investing many resources inside the country. Tens of billions.

Have invested in highways, ports, airports, research centers, financial centers. Within the future, with income from these investments, they replace income and gas income. But when gas is traded. “There are no analysts who can say that the demand for gas will decrease.

For oil, which is seeing peak demand in 2030. Others in 2042. Except for gas. Demand is continuously increasing. This concept requires them to invest instead of spending cash from natural resources. Which can be a major difference between Qatar. Other countries that are rich in natural resources.

Today most of them find it very easy to spend cash and they should not think about long term overdose. To achieve a respectable effect. When Hamad bin Khalifa al-Thani came to power. He also said that Qatar was of international influence.

The national team played its first FIFA World Cup qualifying match in 1977. Qatar Asian Cup debut came in 1980. Qatar’s national team arguably reached its.

 

All this political strategy greatly angered both the United Arab Emirates and Saudi Arabia. In June of 2017, he announced the blockade. Accusing Qatar of supporting radical groups and terrorists.

Preparations for the FIFA World Cup Qatar 2022 in Qatar are in full swing. The host country is leaving no stone unturned in making its bid to do awesome. Qatar is now safe.

15000 accommodation facilities to cater to the tension of fans coming into the country for the 2022 World Cup.

Al Bayt Stadium is a proposed football stadium which will be built in Al Khor, Qatar, in time for the 2022 World Cup. The stadium’s construction contract was awarded to Salini and Cimolai in 2015

Lusail Stadium or Lusail National Stadium is a stadium under construction in Lusail, Qatar. The new facility is scheduled to host the final of the 2022 World Cup. Construction officially began on 11 April 2017. Its final design was unveiled in December 2018