Travel and Tourism - Qatar - August 2010
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A destination primarily for business travel, Qatar is taking proactive steps towards growing the share of leisure tourists visiting the country. Despite the global financial crisis, Qatar has succeeded in maintaining its economic growth of the last several years. The 2008 drop in oil prices and the global financial crisis have reduced the country’s budget surplus and to some extent slowed the pace of investment projects in 2009. However, its gross domestic product (GDP) still registered more than 9% growth and is expected to rebound in 2010. Qatar is among the leaders in the Gulf region in attracting foreign direct investment (FDI). A significant share of the FDI goes to the oil and gas sector but the percentage attracted by the real estate and tourism sectors is not to be underestimated either.
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