Qatar Special Report 2025: A new energy

QNB’s purpose is to promote prosperity and growth in the societies where we operate. Our mandate is to act as a financial intermediary to support the economic and social development of the State of Qatar. Over the decades, QNB has been pivotal in driving progress, supporting national strategic projects through infrastructure and investment financing. This has helped Qatar become one of the richest, most secure and stable countries in the world, with ample financial resources, a business-friendly environment and state-of-the-art infrastructure.

Qatar is using its gas wealth to diversify its economy at remarkable speed. Massive growth in industries like logistics, leisure and tourism is being driven by entrepreneurial private businesses. They are supported by Qatar’s banks, as well as an emerging ecoystem of venture capitalists

As Qatar progresses toward Qatar National Vision 2030, the economy is set for substantial growth — primarily driven by the increase in liquefied natural gas production from the North Field expansion. This positions Qatar as a key player in the global energy landscape, and enhances its economic strength and resilience. Qatar’s commitment to diversifying its economy through tourism, advanced infrastructure and full digital transformation initiatives will be crucial in driving growth even further.

QIB has been proud to play a central role in supporting Qatar’s economic transformation, particularly during the unprecedented phase of growth leading up to the FIFA World Cup 2022.

Economic development is one of the key pillars of Qatar National Vision 2030. Over the years, the State of Qatar has focused on economic diversification, to ensure long-term prosperity and competitiveness. Doha Bank has contributed to this goal by actively lending to priority sectors such as health, tourism and infrastructure development.

Qatar has an impressive track record in infrastructure development, but it is now turning in new directions, to support the knowledge economy of the future — towards data centres, hospitals and schools. Qatar’s banks are increasingly taking the load of financing the country’s renewal