19 Pages Posted: 22 Jul 2009
Date Written: July 20, 2009
The State of Qatar is driven mainly by hydrocarbon revenues, which are estimated to support this tiny country for hundreds of years. The Qatari economy is becoming diversified with industries such as manufacturing, banking, social services, and tourism. Additionally, government financed health and educational services have increased rapidly. However, the Qatari government is not able to establish necessary laws and procedures which business requires. Despite recent changes, Qatari laws and regulations are not always friendly towards business ventures or foreign investment, hindering economic growth. Furthermore, enforcement of existing business regulations and rules are occasionally lacking.
Keywords: Entrepreneurship, Small and Medium Sized Enterprises, Business Ventures, Qatar, Middle East, Oil, Tourism, Natural Gas, Foreign Direct Investment, Index of Economic Freedom
JEL Classification: D23, E0, F14, F16, F23, F3, G2, K33, L26, L83, O1, O53, P1, P2, Q4
Suggested Citation: Suggested Citation