Qatar is one of the richest nations in the world on a per capita basis. With a population of less than two million people it is one of the smallest nations in the world.
The country may be small, but they have big dreams.
Qatar is currently seeing growth of 20% a year. Hamad bin Jassim bin Jabr Al-Thani, Prime Minister and Minister of Foreign Affairs of Qatar understands that 20% growth is not sustainable but said “five and eight percent is manageable for Qatar for another ten years from now.”
In the past decade, the Qataris have built their wealth from oil and gas assets. Sheikh Hamad points out it’s important to “protect our next generation.” As a result, the government has decided to invest in $30 billion outside Qatar this year, diversifying its assets.