Qatar aims to solidify status as global leader in energy sector
The Peninsula
Doha, Qatar: Qatar aims to solidify its status as a global leader in the energy sector and become a pivotal global logistics hub, a premier, family or...
Doha, Qatar: Qatar aims to solidify its status as a global leader in the energy sector and become a pivotal global logistics hub, a premier, family-oriented global tourist destination, a centre for specialised manufacturing, an innovation leader in strategic areas, and a preferred environment for productive businesses and private capital by 2030.
The country’s sustainable economic growth model incorporates four key elements which include energy sector, diversification clusters, business environment and innovation, the Third Qatar National Development Strategy 2024–2030 has noted.
Qatar will further strengthen its role as a global energy leader and build a position in new emerging fields of low-carbon energy. It plans to complete the North Field Expansion project (NFE and NFS) and will retain its status as one of the globe’s leading and most efficient gas produce and also plans to sustain its production from existing oil fields and utilise currently contingent resources to facilitate monetisation in the medium term.
The report noted that Qatar will also expand its position in low-emission energy products by establishing a blue-ammonia plant and utilising carbon-capture technologies.
Innovation will play a key role in equipping the country’s new specialised economic clusters with technology-based competitive advantage while also addressing national challenges that demand innovative solutions, the report further said.
