Saudi Arabia And The Persian Gulf

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Qatar, a country located in the Middle East by Saudi Arabia and the Persian Gulf, has a thriving economy due to the vast amount of oil and gas reserves located along its vast coastline. Although there are actually only 250,000 native Qataris living in the country, they have an average income of $400,000 each. Gross domestic product, which is considered the total amount of goods and services produced in a country over the course of a year, is measured at one hundred and ninety-eight billion in Qatar (Economy overview: Qatar). Qatar essentially constructed urban and industrial projects around major oil refineries and seaports. Surprisingly, this country, which has a total population of 2,123,160, is uniquely prospering due to revenue from…show more content…
Qatar’s total exports were valued at $57.82 billion, with natural gas, oil, fertilizers, and steel as popular export commodities (“Qatar Economic Forecast”). Japan is considered Qatar’s major trading partner when it comes to exports. Qatar works with a trade surplus, with revenues gained that are reinvested into imports that has helped this country maintain a rapidly growing economy (“Qatar Economy”). On the other hand, Qatar imports food, chemicals, and machinery and transport equipment from countries such as the United States (14.2 percent), Saudi Arabia (8.6 percent), and the United Kingdom (6.4 percent) (Economy overview: Qatar). Qatar has become an economic powerhouse, ranging from the 1950’s up until over the past couple of years due to several reasons. Since Qatar is located on the world’s largest natural-gas reserve, this has allowed the country to employ more than ninety two percent of its citizens in government-funded jobs (Bates). In 1955, Hamad bin Khalifah Al Than impeached his father and after this occurred, Qatar became a force to deal with in the region and beyond (Bates). First, Al Than allowed the U.S. set up its military headquarters just outside of the capital of Qatar. Hamad went on to build the world 's largest facilities for compressing liquid natural gas, which now exports to Europe, Japan, and India (Bates). "It really projected Qatar to a role of importance in the
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