[3] Thus, Qatar has a worldwide high ranking of per capita GDP due to its significance production and exports in both crude oil and natural gas in proportion to its relatively small population.
Qatar was a member of the Organization of the Petroleum Exporting Countries (OPEC) until their departure on January 1, 2019 due to a desire to increase autonomy from neighbors in the Persian Gulf following poor relations.
An enlargement of its productive base (hydrocarbon and mineral assets) by investing in physical and social infrastructure effectively attracts tourists and expatriates to the area, and provides better roads and housing for citizens as well.
However, should the government not cautiously or properly invest for the new economy, the population would lose their current standard of living and the cost would be primarily directed at them.
The government plans to attack inefficiency in technology, physical infrastructure, institutions and processes in order to make a lasting contribution to improve the use of resources over time.
[11] As of 2017, a more diversified economy is inherently more stable, more capable of creating jobs and opportunities for the next generation and less vulnerable to the boom and bust cycles of oil and natural gas prices in Qatar.
[12] Qatar aims to set itself apart on the international stage with its plans to diversify its oil - based economy and improve inefficiencies within social and physical structures of the State.
Furthermore, the direct irradiance parameter is roughly 2,008 kWh per square meter annually, implying that it would be able to benefit from concentrated solar power as well.
[14] Qatar signed a deal with Total and Marubeni in January 2020 to build a solar power plant that could produce 800 megawatts of electricity.
[21] All emissions from building and cement production are local but some people may argue that some Qatar produced fuels and goods are consumed abroad.