With the most successful startup ideas being app-based, Qatar ranks among the top globally for internet penetration. Further, 5G is expected to unleash the full potential of Qatar.
By the end of January 2020, the volume of commercial banks assets and also liabilities reached QR 1560.8 billion, an increase of QR5.8bn from December 2019 and 12.1% on year-on-year.
Qatar’s 2020 budget was recorded as the state’s biggest budget in five fiscal years, following the heavy spending on mega infrastructure projects.
Qatar’s economy is expected to experience robust growth and likely to be the highest in the region, positioning Qatar as one of the fastest-growing markets in the region and the world.