The Busi­ness End

Qatar Business Travel Guide - - Business Travel -

For its rel­a­tively small size and an oft-de­scribed ‘dis­pro­por­tion­ate’ in­flu­ence on the world, Qatar’s rise to promi­nence has unashamedly em­anated from its dis­cov­ery of oil in the 1940s. Sub­se­quently trans­form­ing the state’s econ­omy, its forth­right drive for economic per­fec­tion is also epit­o­mised by its zero in­come tax and al­most nonex­is­tent un­em­ploy­ment rate; the pop­ula­tion largely geared to­wards their con­tri­bu­tion to the econ­omy’s on­go­ing preva­lence.

Com­pound­ing this in­flu­ence is an ex­traor­di­nar­ily high reliance on mi­grant work­ers to com­plete the na­tional work­force, with 86 per­cent of the pop­ula­tion com­prised of this seg­ment, and 94 per­cent of the work­force. Whether or not this is the most sus­tain­able or ide­al­is­tic way to be­come the fourth high­est GDP per capita in the world is up for de­bate, but one fall­out that is un­doubted is the need for Qatar to for­mu­late a so­ci­etal background con­ducive for at­tract­ing busi­ness trav­ellers.

Its Qatar In­vest­ment Au­thor­ity - the coun­try’s sov­er­eign wealth fund - has an in­ter­na­tional in­vest­ment arm to com­pound its global in­flu­ence in the form of Qatar Hold­ing; and since 2009 it has in­volved it­self in some of the big­gest en­ter­prises and projects the world over to af­firm its sta­tus. Siemens, Har­rods, The Shard, Bar­clays Bank, Heathrow Air­port, Paris Saint-Ger­main FC, Shell, Bank of Amer­ica, Agri­cul­tural Bank of China, Black­berry and San­tander Brasil have all ex­pe­ri­enced Qatari in­volve­ment, em­pha­sis­ing the in­ter­na­tional in­flu­ence that the coun­try has on a multi-sec­tor level.

Nat­u­rally, as a con­se­quence and knock-on ef­fect of the suc­cess that has been achieved and the at­ten­tion still to come, one in­dus­try to be di­rectly af­fected has been the hos­pi­tal­ity do­main. Tra­di­tion­ally quite ex­pen­sive al­ready, ho­tel prices are still on the rise; with its usual clien­tele stem­ming from afore­men­tioned con­glom­er­ates usu­ally able to foot the bill. For the av­er­age busi­ness trav­eller, this rule of af­ford­abil­ity should still ap­ply, but un­like other busi­ness or tourism hotspots, there is a lack of al­ter­na­tives in re­gards to bud­get ac­com­mo­da­tion or hos­tels.

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