Economic Profiles of Arab Countries

Economic Profiles of Arab CountriesQATARQatar has been ranked as the worlds wealthiest country on a new list compiled by the reputable US. Qatar has 2,051 million people, the legal age of whom (about 90%) live in capital of Qatar, the capital. Qatar is the 146th well-nigh live nation , age structure 014 old age 21.8% (male 92,896/ effeminate 87,201) 1564 years 76.8% (male 451,127/female 182,330) 65 years and all told over 1.4% (male 6,545/female 4,690) (2008 est.)with a gross domestic product of 181.7 Billion per capita of 102,700USD. Sharing the same Arabic language presents an advantage for ANB to enter Qatar. The countrys race is ontogenesis by an average of 1.093% (2008 est.)Petroleum the cornerst unrivaled of Qatar s economy accounts for more than than than 70% of measure government revenue, more than 60% of gross domestic product, and roughly 85% of export earnings Oil has given Qatar a per capita GDP that ranks among the gamyest in the world.Qatar is now the rich est country in the world caused by a rising global cover demand which helped current GDP per capita to expand 94% in the Nineties.Income distri besidesion in the country is relatively balanced, with a major(ip)ity (70%) in the middle class, The economy is expected to grow at a healthy pace of 5% for the coming years.Qatar 2022 FIFA cosmos Cup pinnace is the successful proposal from the government of Qatar to host the 2022 FIFA World Cup. Qatar willing be the first Arab state to host the World Cup. Qatar promoted their hosting of the tournament as representing the Arab World, and has skeletal support from across the member states of the Arab League. They also positioned their bid as an opportunity to bridge the gap between the Arab World and the West.Furthermore, people coming from distinct nations visited Qatar for this match and strengthened the image Qatar would depict of their interest in the World Cup 2022. Additionally, Qatar hosted the 2011 Asian Cup .With a fast-expand ing population and substantial stinting offset over the past decade, a reliable and extensive expat network is becoming increasingly necessary within Qatar. So utter some the government, the primary transport developer, has done well in terms of retention up with demand for new transportation options. In 2008 the Public whole kit and boodle Authority (Ashghal), one of the bodies that oversees infrastructure development, underwent a major reorganization in order to streamline and modernize the authority in preparation for major project expansions across all segments in the near future. Ashghal works in tandem with the Urban Planning and Development Authority (UPDA), the body that designed the transportation master plan, instituted in March 2006 and running to 2025.As unprompted is the primary mode of transport in Qatar, the road network is a major focus of the plan. Project highlights in this segment include the multibillion-dollar Doha Expressway and the Qatar Bahrain Causeway, which will connect Qatar to Bahrain and Saudi Arabia and is considered a milestone in regional interconnectivity. Mass-transit options, such as a Doha metro, light-rail system and more extensive bus networks, atomic number 18 also under development to rest period road congestion. In addition, the railway system is being significantly grow and could eventually form an integral part of a GCC-wide network linking all the Gulf states. once all projects are up and running Qatar will have one of the most advanced and modern transport infrastructures in the region, it will be an opportunity and a niche market for ANBBAHRAINBahrain has a very small population of 1.3 Million, of which more than 50% are non-nationals, with a relatively high GDP 27,000USD. The middle aged population (30-64yrs) including non-Bahrainis is roughly 48%.Bahrain has the first post-oil economy in the Persian Gulf because the Bahraini economy does not rely on oil. Since the late 20th pennyury, Bahrain has intempe rately invested in the banking and tourism sectors. The countrys capital, Manama is home to many large monetary structures. Bahrain has a high Human Development Index (ranked 48th in the world) and was recognized by the World Bank as a high income economy. Bahrain was designated a major non-Nato ally by the Georges W. Bush administration in 2001.Bahrain has the fastest growing economy in the Arab world, Bahrain also has the freest economy in the Middle East and is twelfth freest overall in the world .In 2008, Bahrain was named the worlds fastest growing financial centimeer by the City of Londons Bahrains banking and financial services sector, particularly Islamic banking, have benefited from the regional boom determined by demand for oil. Petroleum production and processing account is Bahrains most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP .With its highly developed communication and transport facilities, Bahrain is home to a come of multinational firms and construction proceeds on several major industrial projects.OMANThe current GDP is $78.11 billion, expected real GDP growth of 4.5 per cent in 2013 and 4.0 per cent in 2014. Current GDP per capita has expanded continuously in the past 50 years. It grew 339% in the 1960s reaching a peak growth of 1,370% in the 1970s scaling back to down in the mouth 13% growth in the 1980s and rising again to 34% in the 1990s. Officially called the Sultanate of Oman . It has a strategically important position at the mouth of the Persian Gulf.From the 17th century, Oman had its own empire, Unlike its resource-rich neighbors, Oman has modest oil reserves, in 2010 the UNDP ranked Oman as the most improved nation in the world in terms of development during the preceding 40 years. Additionally, Oman is reason as a high income economy and ranks as the 45th most peaceful country in the world.Omans Basic Statute of the State expresses in Article 11 that the national ec onomy is based on umpire and the principles of a free economy.Omani citizens enjoy good financial backing standards, but the future is uncertain with Omans limited oil reserves. Other sources of income, agriculture and industry, are small in comparison and count for less than 1% of the countrys exports. Oman has a very diversified economy .Since Jan 2009 Oman has a free trade organization with the United States , eliminating tariff barriers on all consumer and industrial products, also providing vigorous protections for foreign businesses investing in Oman.The total population is 2,773,479 and of those, 1,957,336 were Omanis. 43% of the population is under the age of 15. About 50% of the population lives in muscat and the Batinah coastal plain northwest of the capital about 200,000 live in the Dhofar (southern) region, and about 30,000 live in the remote Musandam Peninsula on the Strait of Hormuz.Omans economical growth plunged to 2.8 per cent in nominal terms in 2013. In Apri l, the International Monetary Fund estimated in its World Economic panorama that the non-OPEC crude exporters economy expanded 5.1 per cent in 2013 when adjusted for inflation, or so outperforming a 5.0 per cent rise in 2012. Expected economy growth 4 to 5 per cent this year, underpinned by stable oil prices and the billions of dollars fagged on major projects in the past two years. Last years slowdown in nominal growth was mainly due to a 1.4 per cent fall in the oil sector, which accounts for nearly 46 per cent of Omans $80 billion economy and had seen a 10.7 per cent jump in nominal terms in the previous year.KUWAITcapital of Kuwait one of the richest Arab countries, and has a population of 2,695,316. includes 1,291,354 non-nationals. Population growth rate by 1.79% and this rate reflect a return to pre-Gulf crisis immigration of expatriates. Urban population 98.3% of total population . Age structure 014 years 25.8% ,1564 years 72.2% , 65 years and over 2%Kuwaiti citizens acco unted for 40% of Kuwaits total population in 2011 the rest is foreigners.The government and people of Kuwait consider the high level of immigrants to be a problem. This led to the contract in 2013 that Kuwait will reduce the number of expatriates by deporting 100,000 expats annually over the next 10 years. A recent proposal by a Kuwaiti lawmaker restricts all expats to only five years residence in Kuwait, all expats will be deported after living 5 years in Kuwait. Kuwait also banned expatriates from driving.Kuwaits economic freedom score is 62.3 making its economy the 76th freest in 2014 index, with a GDP 151$ billion with a 5.1% growth 39,889 per capita . the unemployment rate is 2.1%Kuwait holds the worlds sixth biggest proven reserves of oil and oil extraction accounts for 40% of GDP .The strategic location of Kuwait and geopolitical turbulence in the region helped foster economic prosperity in Kuwait. Kuwait became affluent due to Basras instability. It was estimated that Kuw aits sea trade reached 16 million Bombay rupees by 1800, a substantial amount at that time. Economic prosperity during the late eighteenth century attracted many immigrants from Iran and Iraq to Kuwait. Kuwaits pre-oil population was ethnically diverse.