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The hydrocarbon economic boom
Since 2000, Qatar has invested heavily in the development of its infrastructure with three main objectives: to support its economy, to meet the needs of its population and to massively welcome foreign tourists – particularly during major sporting events such as the 2022 FIFA World Cup or the 2030 Asian Games. The expansion of infrastructure has been accompanied by the development of new sites such as the new town of Lusail (photo). Public investment in infrastructure, education and health is one of the main channels for redistributing the colossal profits from the sale of hydrocarbons. The share of which reached 39% of gross domestic product (GDP) in 2020. This windfall has boosted Qatar’s growth over the past two decades.
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