Doha: HH the Amir Sheikh Tamim bin Hamad Al-Thani affirmed that the financial sector has maintained its robustness, supported by the increase in international reserves and foreign currency liquidity at the Qatar Central Bank by the end of 2024 – an annual increase of 3.7% compared to the end of 2023.
According to Qatar News Agency, in his speech at the opening of the First Ordinary Session of the Second Legislative Term, corresponding to the Fifty-Fourth Annual Session of the Shura Council, HH the Amir noted that Qatar’s economic credit rating remained at high levels with the major global rating agencies. This confirms Qatar’s resilience and its continued attractiveness as a safe and stable investment destination.
His Highness added, “the State continues to implement a financial policy based on discipline and sustainability by adopting a conservative estimated oil price to ensure realistic revenues and efficient resource management, while prioritizing projects and programs that form the core pillars of the Third National Development Strategy, especially in the areas of economic diversification, human capital development, and innovation enhancement.”
His Highness explained that the ratio of debt to GDP has declined from 58.4% in 2021 to 41.5% by the end of the first half of 2025. This is an important achievement.
On energy sector, HH the Amir Sheikh Tamim bin Hamad Al-Thani said that the sector has continued its confident growth despite economic and geopolitical challenges, overcoming the effects of regional conflicts while ensuring the continued production and uninterrupted global supply of energy. QatarEnergy continues to implement its projects both inside and outside the State of Qatar.
“In the field of renewable energy, two solar photovoltaic power plants have been inaugurated in Ras Laffan and Mesaieed- an achievement that reaffirms our firm commitment to staying on the path of environmental sustainability and the gradual transition toward clean energy,” His Highness the Amir added.