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Cabinet officials

Qatar Highlights Economic Strength and Investment Opportunities at St. Petersburg Forum

Strategic Insights

— 1 min read

The State of Qatar showcased its economic growth and competitiveness at the 28th St. Petersburg International Economic Forum, held in Russia. Led by HE Minister of State for Foreign Trade Affairs Dr. Ahmed bin Mohammed Al Sayed, the Qatari delegation presented key incentives and initiatives to support the private sector and enhance the country's economy. Qatar highlighted its attractive investment environment, innovation, and research as key pillars for sustainable growth. The country's GDP has grown significantly, with the non-oil sector contributing 75.9% of the region's GDP in 2024.

Key Takeaways:

  • Qatar's official delegation was led by HE Minister of State for Foreign Trade Affairs Dr. Ahmed bin Mohammed Al Sayed, presenting key incentives and initiatives to support the private sector.
  • Qatar highlighted its attractive investment environment, with a GDP of approximately USD 2.2 trillion, ranking the Gulf Cooperation Council (GCC) 9th globally.
  • The GCC financial markets rank 7th worldwide in terms of market capitalization, representing 4.3% of total global markets.
  • Qatar's non-oil sector contributed 75.9% of the region's GDP in 2024, driven by its adoption of Fourth Industrial Revolution technologies.
  • Qatar Research, Development and Innovation Strategy 2030 aims to enhance institutional infrastructure and set national priorities in areas such as food security, health, energy, technology, and logistics.
  • Qatar's digital economy is driven by its advanced infrastructure and adoption of Fourth Industrial Revolution technologies, positioning the country at the forefront of the global shift toward a knowledge-based economy.
  • The country's GDP has increased significantly, with the GCC ranking 9th globally.
  • Qatar's economy is diverse, with the non-oil sector contributing significantly to the country's GDP.

Statistics:

  • GDP of Qatar: approximately USD 2.2 trillion
  • GCC financial markets rank: 7th worldwide in terms of market capitalization
  • Market capitalization of GCC: 4.3% of total global markets
  • Contribution of non-oil sector to GCC GDP: 75.9% in 2024
  • GCC ranking: 9th globally in terms of GDP
  • Qatar Research, Development and Innovation Strategy 2030: enhancing institutional infrastructure and setting national priorities in areas such as food security, health, energy, technology, and logistics.

Sources:

  • Qatar News Agency, 21 Jun 2025 (St. Petersburg International Economic Forum participation)
  • Russia's Deputy Minister of Agriculture, Maxim Markovich
  • Chairman of VTB Bank, Andrei Kostin
  • Qatar Chamber of Commerce and Industry
  • Qatar Investment Authority
  • Investment Promotion Agency Qatar (Invest Qatar)
  • Qatar Ministry of Commerce and Industry

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