Nobody downloaded yet

The Economic Boom in Qatar, UAE & Saudi Arabia - Research Paper Example

Comments (0) Cite this document
Summary
Name of author: Name of instructor: Name of course: Semester: The Economic Boom in Qatar, UAE & Saudi Arabia Table of contents 1. Introduction : page 3 2. The Economic Boom in Qatar : page 3 3. The Economic Boom in UAE : page 5 4. The Economic Boom in Saudi Arabia : page 9 5…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
The Economic Boom in Qatar, UAE & Saudi Arabia
Read TextPreview

Extract of sample "The Economic Boom in Qatar, UAE & Saudi Arabia"

Download file to see previous pages Even though the recent political developments in the Middle Easter countries like Egypt, Libya etc are causing some impacts in these three countries, nobody expect a political instability in these countries because of the higher level of standard of living in these countries compared to that in other neighboring countries. Dubai, one of the prominent emirates of UAE faced some financial problems recently; however, Abu Dhabi was able to lift Dubai from the recent financial crisis. In other words, different emirates in UAE are helping each other when any of them face trouble which is the major reason why United Arab Emirates was able to develop properly. Business is the major revenue source of UAE. Saudi Arabia on the other hand is blessed with immense oil resources and their economy is highly dependent on the oil revenues. Qatar has revenues from oil resources, tourism, marine products etc. This paper analyses the economic booms in these three Middle Easter countries; Qatar, UAE and Saudi Arabia. The Economic Boom in Qatar Qatar is one of the prominent Middle Eastern countries which have diverse ranges of revenue sources. While most of the other gulf countries rely heavily on oil revenues for economic development, Qatar is blessed with oil resources, marine products, tourism, real estate revenues etc. According to the 2010 statistics, Qatar’s GDP real growth rate is 19.4% compared to 9.5% in 2009 and 11.7% 2008 (Qatar GDP - Real Growth Rate) (See Appendix for more details). It is evident from the above statistics that the GDP growth doubled in year 2010 compared to that in year 2009. Perhaps, no other country in the world has ever recorded such phenomenal growth rates over a year period of time. Oil and gas account for more than 50% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have made Qatar the second highest per-capita income country. Proved oil reserves of 15 billion barrels should enable continued output at current levels for 37 years (Qatar Population) Oil resources are nonrenewable energy sources. It is exhausting day by day because of over exploitation and increase in the number of automobile vehicles which make use of oil resources. In other words, the demand for oil resources is going to be increased in the coming years. Qatar is one country which has higher oil stocks at present. In short, Qatar’s economic progress may not be affected at least for another thirty or forty years of time because of their oil stocks. Business, tourism and marine products are some other revenue sources for Qatar. Qatar’s coastal areas are blessed with some rare species of fishes. About 150 different species of fishes were recorded in the seacoast of Qatar. “Sweet lips, emperors and snappers, goatfish, shark, groupers, barracudas, thread fins, lizard fish and rabbit fish” etc are some of the rare fish species available in the sea coast of Qatar (Qatar, 2005) Qatar has a wide coastal area and historically, fishing is one of the major revenue sources for the Qataris. Another reason for the economic boom in Qatar is the development of good educational practices. Qatar is doing everything possible to give good education to its people. They realized that educated people are one of the major pillars upon which a country can develop. Many American, Canadian and British universities are operating in Qatar. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Economic Boom in Qatar, UAE & Saudi Arabia Research Paper”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1416317-the-economic-boom-in-qatar-uae-saudi-arabia
(The Economic Boom in Qatar, UAE & Saudi Arabia Research Paper)
https://studentshare.org/family-consumer-science/1416317-the-economic-boom-in-qatar-uae-saudi-arabia.
“The Economic Boom in Qatar, UAE & Saudi Arabia Research Paper”, n.d. https://studentshare.org/family-consumer-science/1416317-the-economic-boom-in-qatar-uae-saudi-arabia.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Economic Boom in Qatar, UAE & Saudi Arabia

Saudi Arabia

...Abdullah al-Fayez, in the history of the country, replacing the conservative chiefs with more liberal professional in all of the governmental sectors. One of the most appreciated reforms was the education reform in order to resist the rise of extremism in the country, as it is said, “The Ministry of Islamic Affairs is implementing a three-year program to educate imams and monitor mosques and religious education to purge extremism and intolerance” (Al-Faisal 26). Works Cited Al-Faisal, Turki. “Political and Economic Reforms in the Kingdom of Saudi Arabia”, Diplomat. 02 April, 2011. Available at Butt, Gerald. “Saudi...
7 Pages(1750 words)Essay

Saudi Arabia

...into Islamic faith, the constitution of Saudi Arabia has been the Holy Koran. The Islamic law, called Shari’a guides the country. The King is bound by such laws, along with the advice of Ulema, the religious scholars. The status of women has improved, as compared to the same that was prevalent during the pre-Islamic period, in Arabian region. However, the same needs lot of further reforms, as the present laws are definitely against females. Incidentally, Saudi Arabia is the only country in the world, where women are not allowed to drive. The oil boom, starting from 1950-60 has brought prosperity and huge economic development to the...
15 Pages(3750 words)Research Paper

Economic Environment of Saudi Arabia

... Economic Environment of Saudi Arabia The sector of petroleum accounts for approximately 55 percent of GDP, 90 percentof export earnings and 92 percent of budget in Saudi Arabia. The private sector accounts for 40 percent of the GDP. Saudi Arabia has approximately 5.5 million foreign workers, for instance, in the service and oil sector, which play a significant role in its economy. The Saudi government supports the growth of private sector so that the country may not over-depend on oil and also to reduce the unemployment rate (Sasson, 31). The Saudi government encourages foreign investors and the private sector to participate in telecom sectors and the generation of power. The Saudi government also tried to diversify its economy... and...
5 Pages(1250 words)Assignment

Economic Environment of Saudi Arabia

...has a freedom score of about 60.60% besides creating ample settings where individuals can also have reasonable extent of freedom to participate in trade. Saudi Arabia economic policies have greatly transformed after the oil boom of 1974 (Gonzalez 1583). This prompted the regime to dwell much on the oil reserves as a way of establishing its economic foundation and equal those of other states. The state’s regime is also involved in training some of its youths in ensuring that they gain the appropriate labor expertise that will ensure continued general economic development. This is by initiating effective policies aimed at reducing...
3 Pages(750 words)Assignment

Economic Environment of Saudi Arabia

...Management Economic Environment of Saudi Arabia The development of Saudi Arabia economy has developed through the establishment and expansion of the Saudi nation over the past fifty years. The process of developing the state and the oil revenues distributed in the nation have together exemplified the economic prospects of the country. The influence of the young institutions has few residues from old economy, which endures unaffected. The viability of economic development depends on the manager’s dilemma. It is noted that countries that experience high-income are the logical regions that business develops...
5 Pages(1250 words)Assignment

Saudi Arabia

...as the origin of Islam, the country has been keen to preserve its historical richness with the passage of time. Geography Saudi Arabia occupies about 80% of the Arabian Peninsula, measuring 865,000 square miles, just about 25% of the total surface are of the US. This is a big country as compared to the size of other countries globally. The country borders the United Arab Emirates, Qatar and the Persian Gulf to the east, Oman and Yemen to the south and Kuwait, Iraq and Jordan to the north. On the west, the Red Sea separates it from Sudan, Eritrea and Egypt. Its entire geography indicates a plateau that rises from the Red Sea and slopes down gradually to the Persian Gulf. Even though its...
5 Pages(1250 words)Research Paper

Saudi Arabia

...Saudi Arabia The Kingdom of Saudi Arabia is located in a vital maritime location facing the Arabian Gulf and the Red Sea. The Kingdom has approximately 2100 km of coastal beaches attracting tourists seeking a little fun in the sun. These beaches, characterized by a vast variety of marine life, also bring a great deal of benefit to the kingdom’s fishery industry, representing a significant source of food and income for the local populace and businesses. Unfortunately, the Kingdom of Saudi Arabia has traditionally not put much effort into developing this industry. The craftsmen in the fishing trade are still using the traditional...
6 Pages(1500 words)Essay

Saudi Arabia

...Comparative Analysis: Saudi Arabia and the United s of America Introduction Saudi Arabia is one of the major economic players in the Middle East. Its rich oil reserves and economic expansion activities are just some of the qualities which make this nation an economic force to be reckoned with. This paper shall be a comparative analysis paper covering Saudi Arabia and the United States. The comparison shall be on the following aspects: economy/wages; labor laws and their application; labor rights; organizing/% of unionization; biggest unions; brief historical overview; political...
7 Pages(1750 words)Admission/Application Essay

Saudi Arabia

...Saudi Arabia is a kingdom in the Arabian Peninsula, which is ruled by a king who combines legislative, judicial, and executive functions when administering the country. Either the law of the country is generally made by a royal decree from the king or the constitution of this state is the Quran. Although this country is often perceived to be a totalitarian state by many people in America, its political system has worked for the last century and not only has it done this, but it has also led to a great deal of development for its people. The Saudi Arabian government has used the oil wealth of the country for the benefit of its people and it has put a lot of investment not only in...
2 Pages(500 words)Research Paper

UAE and Saudi Arabia Governments

...UAE and Saudi Arabia Governments There are a number of similar actions and systems exhibited by both the UAE and Saudi Arabia governments. The similarities can be attributed to their geographical proximity, same language and religion, and similar cultures. The first similarity is that there are no political parties in the two nations. That implies that there no political leaders elected by all citizen voters like is done in most democratic countries. Another similarity is in the running of the executive branches of their governments. In UAE, the executive is led by the President, his deputy, and the prime minister. It is...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic The Economic Boom in Qatar, UAE & Saudi Arabia for FREE!

Contact Us