One
of the richest economies in the world on the basis of GDP per capita is Qatar. Qatar’s
economy is prominently dependent on petroleum and natural gas, which accounts
for more than 70% of total government revenue, more than 60% of GDP, and approximately
85% of export earnings. Over the years, Qatar has also shown significant
progress in non-oil sectors like manufacturing,
construction, and financial services, which also contribute a major share of
revenue to the GDP of the country. In this article, we discuss the major
sectors of the economy which provide ample jobs in Qatar.
Top 4 employment sectors for jobs in Qatar-
We
give the list of the main business sectors within Qatar which are the main
recruiters for various jobs in Qatar. Oil & Gas is the largest sector
accounting for more than half of the country’s gross domestic product. However,
there has been a major diversification of the other sectors as well so as to reduce
the dependency on the Oil & Gas industry only for revenues. The general
economic outlook is a positive one as Qatar aims to become a leading
industrialized nation in the world.
Oil and natural gas reserves:
Let’s
start with the oil and natural gas reserves for which Qatar is basically
reputed globally. It is the second largest exporter of natural gas globally. It
has also the third largest natural gas reserves in the world. It is also the
biggest exporters of liquefied natural gas (LPG) in the world. Qatar’s main
economic propeller and revenue source for the government is its oil and natural gas resources. Qatar exports 10-11
Million tons per annum of LPG. No
wonder, this sector opens up a great number of jobs in Qatar. The country’s
oil, gas, petrochemical and refining and fertilizer enterprises in Qatar
are managed by State-owned Qatar Petroleum (QP). Some leading Qatar-based
petroleum companies in which candidates can apply for jobs are ORYX GTL, Qatar
Fuel Additives Company, Qatar gas, Ras Gas, Woqod etc.
Manufacturing sector:
Leaving
aside the oil and gas industry, the next big sector contributing to Qatar’s
economy is the manufacturing industry sector. This sector is supported and
mostly funded by the Qatar government so as to diversify the economy and use of
the country’s natural resources to maximum extent. Thus, Qatar’s manufacturing
industrial sector has produced and exported chemicals, fertilizers,
petrochemicals, plastic products, lubricants, steel, cement and other
industrial goods. Prominent manufacturing companies for jobs in Qatar include
names such as Qatar Chemical Company, Qatar Fertilizer Company, Qatar
Lubricants Company, Qatar Petrochemical Company, Qatar Steel, Qatar Vinyl
Company LTD, Qatar National Cement Company etc.
Service sector:
Leaving
aside from the oil and natural gas and manufacturing sectors, we cannot ignore the
service sector in Qatar. The service sector comprising banking, insurance, finance
and business services is growing at a rapid pace, making it one of the most
important sectors for jobs in Qatar and for the growth of the economy. The
service sector is continuing its contribution for most of the economy’s
expansion.
Building, Construction and Real Estate:
Building, Construction and Real Estate
is another important contributor to employment and the economy of Qatar. Credit
issued by banks in this sector has grown significantly in recent time. The Qatar
government is investing heavily in improving the country’s infrastructure. The
country is all set to host the Qatar 2022 World Cup, which has led to a more
increased attention to this sector. The construction industry has led to a
growth of many large infrastructural projects, including real estate
developments. Building, construction, infrastructure, and real estate sectors
clubbed together have been playing a major role in economic growth and
development. This has also led to a boom in jobs in Qatar.
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