Property Investor information: Qatar
TPI
Rating:
10
9
8
7
6
5
4
3
2
1
nc
Property Investor information for: Qatar
Qatar was ruled by the al-Thani family since the mid-1800s, Qatar transformed itself from a poor British protectorate noted mainly for pearling into an independent state with significant oil and natural gas revenues. During the late 1980s and early 1990s, the Qatari economy was crippled by a continuous siphoning off of petroleum revenues by the amir, who had ruled the country since 1972. His son, the current Amir HAMAD bin Khalifa al-Thani, overthrew him in a bloodless coup in 1995. In 2001, Qatar resolved its longstanding border disputes with both Bahrain and Saudi Arabia. Oil and natural gas revenues enable Qatar to have one of the highest per capita incomes in the world.
The new international airport, estimated at a construction cost of QR18 billion, is earmarked for completion in 2007. The new green-field airport will be situated 4km east of the existing one. An extensive upgrade to the airport’s Duty Free Shop by 2006 will make it one of the largest duty free outlets in the world. Further Qatar Airways is building its route network to at least 60 destinations by 2005 and are set to double its fleet over the next two years - introducing A380s, additional A320s, A300s and A330s.
Qatar like many of its Middle East counterparts is a growing country with exciting new infrastructure and leisure projects.
The Property Investor Magazine and Website can help you do that all important research before buying investment property. Download our country and location Property Investment Case Studies for all the researched facts you will need. Also catch up on the latest property investor news and features online and keep up to date with our free subscription magazine.