Qatar’s Top 5 Industries and Technologies in 2025

Energy remains the cornerstone of Qatar’s economy. As the world’s leading exporter of liquefied natural gas (LNG), Qatar continues to invest in expanding its production capacity. Industries Qatar (IQ), a major player in petrochemicals, fertilizers, and steel, exemplifies the sector’s robustness. In 2023, IQ’s subsidiary, Qatar Steel, acquired Al Qataria for Production of Reinforcing Steel for $95 million, highlighting ongoing consolidation and growth within the industry. 

Technological advancements, such as AI-driven predictive maintenance and automation, are increasingly integrated into operations, enhancing efficiency and sustainability.

Qatar’s ICT sector is experiencing rapid growth, fueled by initiatives like the National Digital Agenda 2030. This comprehensive program aims to accelerate digital transformation across all industries, focusing on hyperconnectivity, hypercomputing, and hyperautomation. 

The country’s ICT market is projected to grow at a compound annual growth rate (CAGR) of 8.5% over the next five years, with major players like Oracle, IBM, and Vodafone Qatar leading the charge.

Emerging technologies, including 5G, cloud computing, and AI, are central to this growth, positioning Qatar as a regional tech hub.

The financial sector is a significant contributor to Qatar’s GDP, with institutions like Qatar National Bank (QNB) and Qatar Islamic Bank (QIB) leading the market. QNB, for instance, boasts a market capitalization of $41.94 billion as of 2024.

Fintech is emerging as a dynamic sub-sector, supported by government initiatives and a favorable regulatory environment. The Lusail Financial Services Package, part of a $1 billion incentive program, launched by Invest Qatar, aims to enhance fintech, insurance, and wealth management services, encouraging firms to establish a presence in Lusail, Qatar’s primary financial district.

Qatar’s manufacturing sector is pivotal in its economic diversification strategy. As of 2024, over 1,400 new industrial firms have been established, with the total production value from registered and licensed companies rising to QAR 2.63 trillion (USD 72.25 billion), reflecting a 3% increase from the previous year. 

The Advanced Industries Package, part of Invest Qatar’s incentive program, targets technology-driven sectors like pharmaceuticals, chemicals, automotive, and electronics, further bolstering industrial growth.

Qatar is investing heavily in emerging technologies to drive innovation and economic growth. The country was among the first globally to deploy 5G commercially and continues to lead in digital connectivity.

In a significant move, Quantinuum, a quantum computing company majority-owned by Honeywell, secured a $1 billion joint venture deal with Qatar’s Al Rabban Capital. This 10-year investment aims to accelerate quantum computing adoption in Qatar, focusing on applications in finance, precision medicine, and genomics.

Additionally, Qatar’s cleantech initiatives focus on renewable energy, aiming to increase the share of clean energy in total power generation, presenting a $75 billion investment opportunity by 2030.