Qatar's main source of income comes from the export of oil and natural gas, and Qatari citizens almost never pay personal income tax no matter how much money they earn.

Before the discovery of oil and natural gas, Qatar was actually a poor country. This land had a hot climate, drought and water shortage, and was not attractive to outsiders at all. At that time, Qataris lived a very poor life.

But after the discovery of oil resources, Qatar began to become richer and richer.

The diversified development of Qatar's economy will first inject the wealth it has acquired into education, health and infrastructure to develop a knowledge economy.

Anyone who visits Doha can see the novel buildings in the desert.

Doha's metro, highway network, port cluster, etc. are second to none.

Secondly, Qatar is a major player in the global market.

The Qatar Investment Authority, established in 2005, is responsible for managing foreign exchange reserves and conducting foreign investment.

In fact, sovereign investment funds in the Middle East are relatively successful.

Thirdly, Qatar has a good business environment and ranks high in the global competitiveness report released by the World Economic Forum in Davos. It is the de facto financial center in the Middle East. Its currency is pegged to the US dollar and is also the most popular destination for foreign investment.

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Finally, Qatar is also a target country for labor exports in South Asia and Southeast Asia. Cheap labor resources are one reason for Qatar’s continued economic growth.