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Oil and gas remain the backbone of the economy and from which the national income primarily derives from.However, Qatar focuses heavily on diversifying its economy to reduce its dependency on this sector, and sports and tourism are high on the agenda.Services offered We offer our clients highly specialized services in the areas of Advisory, Assurance, Transactions and Tax.
Qatar is a small Arab emirate of 11,437 square kilometers located on the northeastern coast of the Arabian Peninsula, bordered by Saudi Arabia to the south and otherwise surrounded by the Persian Gulf.
In 1916, Qatar became a British protectorate and Abdullah Al Thani signed a treaty stipulating that he could only cede territory to the British in return for protection from all aggression by sea and support in case of a land attack. During the 1950s and 1960s, increasing oil revenues brought prosperity, rapid immigration, substantial social progress, and the beginnings of the country's modern history.
After Britain announced a policy of ending the treaty relationships with the Persian Gulf sheikdoms in 1968, Qatar joined the other eight states then under British protection in a plan to form a federation of Arab emirates.
Although the total population is almost 1,7 million people, less than 250,000 are native Qataris; the rest are expatriates mainly from Asia and other Arab countries.
Arabic serves as the official language, but English is widely spoken and is the preferred business language. Qatar used to be one of the less fortunate Gulf states with pearl-fishing as a main source of income, but thanks to a flourishing oil and gas industry the country is now one of the richest in the world with the highest GDP (PPP) per capita in 2010, ahead of Luxembourg and Singapore.