DUBAI, United Arab Emirates (AP) — Qatar is home to some 2.9 million people, but only a small fraction — around one in 10 — are Qatari citizens. They enjoy massive wealth and benefits fueled by Qatar's shared control of one of the world's largest reserves of natural gas.
While much of the world grapples with recession and inflation, Qatar and other Gulf Arab energy producers are reaping the benefits of high energy prices. The International Monetary Fund expects Qatar’s economy to grow by about 3.4% this year.
Its sovereign wealth fund, the Qatar Investment Authority, manages and invests the country’s financial reserves.Qatar has spent some $200 billion on infrastructure and other development projects since winning the bid to host the five-week long World Cup, according to official statements and a report from Deloitte.Around $6.
The country’s citizens rely on laborers from other countries to fill jobs in the service sector, such as drivers and nannies, and to do the tough construction work that built modern-day Qatar.for its labor laws and treatment of hundreds of thousands of migrant workers, mostly from India, Bangladesh, Pakistan, Sri Lanka, Nepal and other South Asian countries. These men live in shared rooms on labor camps and work throughout the long summer months, with just a few hours of midday respite.
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