Over the past ten years the airline was among the fastest growing airlines in the world and had a 35% year-on-year growth rate. With the government’s support of the carrier and aviation infrastructure investment, Qatar’s air transportation development has been stimulated. The government is commited to the success of Qatar Airways which is exemplified by the fact that in 2002 they decided to withdraw their 25% share in Bahrain-based carrier Gulf Air in order to develop their own national airline.
The government also invested into the development of a new Doha International Airport which is set to open in 2009. The state of Qatar is also investing into expansion of its aviation infrastructure, national airline and supporting business infrastructure. In recent years, the increasing oil and gas revenues made Qatar the highest per capita income country in the world. While these revenues still account for more than 60% of Qatar’s GDP, the government began to diversify economic activity.
Air transportation system development has been an integral part of the government’s economic diversification strategy. (http://dspace. mit. edu/bitstream/handle/1721. 1/49882/466107164. pdf? sequence=1) 1. Qatar’s economy is forecast to expand by more than 20% in 2011 – the fastest rate in the world – as the country reaps the benefit of its massive investment in liquefied natural gas (LNG) production with the GDP per capita ranks first in the world, $80,100 (2009) ; $90,200 (2010) ; $ 98,900 (2011) with the hope that Qatar GDP per capita will reach $109,000 in 2012.
Qatar became the richest country in the world in 2010 with the highest per capita income at $88,559 having overtaken Luxembourg =; BUYER SUPPLIER, especially a successful Doha round trade deal could boost the global economy by $300-700 billion a year, a study by the Peterson Institute for International Economics said. (http://www. reuters. com/article/2009/08/16/us-trade-doha-forecast-idUSTRE57F0KD20090816) 2.
Economic policy is focused on developing Qatar’s non associated natural gas reserves and increasing private and foreign investment in non-energy sectors, but oil and gas still account for more than 50% of GDP, roughly 85% of export earnings, and 70% of government revenues. Beside that, according to recent reports by IATA (International air traffic association) Middle East along with North Africa is the fastest