Qatar's intraregional travel, tourism and real estate sectors will benefit the most, lifting the prospects of the insurance sector, as the end of blockade will improve political and economic co-operation within the Gulf Co-operation Council (GCC) region
Qatar and two other higher-credit rated countries in the GCC region have managed to “maintain market access, with large placements in international capital markets” in recent months, the International Monetary Fund (IMF)
A weaker US dollar is needed to support economic recovery across the GCC region, according to a forex expert.
The GCC region may see a “second wave” of mergers and acquisitions (M&A), S&P Global Ratings said, and noted that it will be “more opportunistic and driven by economic rationale.”
Travel and tourism spending in Qatar has seen a nearly 4.5% increase to $14.2bn in 2017, the new report said.
The findings were announced during the first ‘National Incubation Strategy’ workshop hosted by QDB at the Hilton Doha on Monday.
Concerned about the impact of the ongoing dispute in the GCC region, the US government wants a speedy resolution to the Gulf crisis, an official of the US embassy in Qatar has said.
Some 1.464mn people visited Qatar from the beginning of the year until June, marking a 1.5% increase over the 2016 figure of 1.442mn visitors, according to data released by the Ministry of Development Planning and Statistics.