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FINANCIAL NEWS
Business Monitor International says protests will not spread to Qatar
19 Jun 2011
(MENAFN) Business Monitor International reported that Qatar is at very low risk for large-scale protests due to its low unemployment rate, high standard of living, and housing surplus, Arabian Business reported.
BMI analysts said that Qatar’s level of political risk was 14th out of 168 countries evaluated. Every country in the region is at risk for some type of protests, but the probability of large scale protests in Qatar is very low, the report said.
Qatar lacks many of the grievances that have fueled opposition movements in nearby Bahrain and Oman. Qatar has the highest standard of living in the world, with a per capita GDP of over USD100,000. Unemployment is down to 0.5 percent, and thousands of new jobs will be created by preparations for hosting the 2022 World Cup. Qatar also has a housing surplus after experiencing a construction boom before the global financial crisis.
The majority of residents of Qatar are Indian and Pakistani guest workers who are not likely to protest against the government or create tensions, and Qatari citizens have high-paying jobs.
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