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The World Bank expects Qatar's real GDP growth to reach 2.8% in 2025, with public fiscal surpluses remaining strong.The World Bank's report, released on Thursday under the title "Digital Transformation in the Gulf: A Powerful Driver of Economic Diversification," states that non-oil sectors in Qatar have maintained their strength even amid declining oil and gas prices. It adds that the expansion of the North Field will drive a substantial increase in liquefied natural gas (LNG) production, further strengthening Qatar's role in meeting global market needs.The report highlights three key themes: the evolution of economic diversification indicators over the past decade; tracking macroeconomic developments; and spotlighting digital transformation, all against a backdrop of global uncertainty and oil market volatility.The report reviews the progress of economic diversification efforts across GCC countries over the past decade, noting moderate advancement, with some promising recent indicators. However, the report stresses that the oil sector still dominates, shaping economic conditions, development strategies, and national plans.Meanwhile, non-oil exports remain modest, with chemicals topping the list, indicating that the process of shifting away from oil dependence still requires sustained efforts.The report also highlights the rapid digital transformation underway in the Gulf and the accelerated adoption of artificial intelligence.GCC countries boast high-quality telecommunications networks, with over 90% 5G coverage and affordable high-speed Internet. Significant investments in data centres and high-performance computing are strengthening AI readiness.Progress is further supported by robust ecosystems of incentives, finance, and innovation, as well as the adoption of generative AI applications within government operations.Commenting on the findings, World Bank's Division Director for the GCC countries, Safaa El Tayeb El Kogali, stated that diversification and digital transformation are no longer luxuries; they are necessities for long-term economic stability and prosperity. Strategic investments in non-oil sectors and innovation will be essential for sustaining growth and economic resilience.She added that the digital leap achieved by GCC countries is remarkable. Strong infrastructure, growing computing capabilities, and expanding AI talent pools position the region for leadership and innovation, provided environmental and labour-market challenges are addressed proactively.The report also points out that women's participation in STEM fields in the Gulf exceeds the global average, boosting the region's digital competitiveness. To maximise the benefits of diversification and digital transformation, the Gulf Economic Update recommends supporting SMEs in adopting AI to strengthen the innovation landscape and implementing skills-training programmes to address labour-market gaps.The report stresses that regional co-operation in digital infrastructure and the creation of AI centres of excellence are crucial to building unified digital markets and driving transformation across the Middle East, North Africa, Afghanistan, and Pakistan. 

R.Tulsian and Co proudly announces its approval as an official In-Country Value (ICV) Certifier in Qatar. This milestone further strengthens the firm’s commitment to supporting Qatar’s economic diversification goals while reinforcing its position as one of the most trusted audit and advisory firms in the region.The ICV program is a cornerstone of Qatar’s efforts to enhance local economic participation, encourage private-sector growth, and increase the use of local services, suppliers, and workforce. As a recognized ICV Certifier, R.Tulsian and Co. will now be authorized to assess, verify, and issue ICV certificates for companies across industries, enabling them to participate more effectively in Qatar’s procurement ecosystem.A Landmark for the FirmWith more than six decades of professional heritage and a growing international footprint across India,US,UK,Saudi Arabia,Oman,UAE, Bahrain and now Qatar, R. Tulsian & Co. has consistently been at the forefront of innovation and client service. The Qatar Branch has quickly emerged as a trusted partner for corporates, SMEs, and associates in the region, particularly in the areas of audit, assurance, and compliance.“Becoming an ICV Certifier in Qatar is both an honor and a responsibility,” said Shashwat Tulsian, Partner. “This approval recognizes our technical strength, global best practices, and local expertise. More importantly, it allows us to play a direct role in advancing Qatar’s vision for sustainable economic development.”Supporting Businesses, Driving ImpactThe firm’s role as a certifier is to deliver fair, transparent, and independent assessments in line with ICV requirements. Through this role, R. Tulsian & Co. helps ensure consistency in certification and contributes to the smooth functioning of the ICV framework in Qatar.About R. Tulsian & Co. LLPEstablished over 60 years ago, R. Tulsian & Co. LLP is a leading audit, assurance, and advisory firm with offices across the US, UK, India, Saudi Arabia, UAE, Oman, Bahrain, and Qatar. Thefirm’s Qatar Branch focuses on audit, compliance, and advisory services for corporates and SMEs, bringing global expertise combined with deep local understanding. Its approval as an ICV Certifier marks another step in its journey to support regional growth and economic transformation.For media inquiries, please contact:Shashwat TulsianPartnerR. Tulsian & Co- Qatar Branch+974-33063032