
At the time, the Qatar Primary industry was pearl and fishing. The country has been marked by widespread poverty, malnutrition and disease due to the collapse of pearl trade in the 1920s.

In 1939, oil was discovered at Dukhan. The field development was slow until 1949, because of the World War II. Although the discovery of oil was important, it was nothing compared to the natural gas reserves found 30 years
In 1951, Qatar produced 46,500 barrels of oil per day, or $ 4.2 million in revenue. The discovery of offshore oil and their development by Shell led to an increase in Qatar’s production to 233 000 barrels per day.
Oil revenues have increased steadily in the 1960s that the Al-Thani family has strengthened its grip on power by installing relatives in high government posts. All members of the Al Thani family were granted extravagant allocations.
Qatar gained independence in 1971 after Britain announced the withdrawing all its military obligations to the east of the Suez Canal.

On 22 February 1972, Hamad ibn Khalifa deposed his father Emir Ahmad ibn Ali, who was hunting hawks in Iran. Khalifa ibn Hamad cut spending of the royal family and the increased spending on social programs, housing, health, education and pensions.
In 1971, the field North Dome gas condensate of South Pars was discovered off the coast of Qatar. It is the largest natural gas field in the world. Oil production was still running high at the time, so the area was not developed.

Thanks to North Field, Qatar has the largest natural gas reserves in the world after Russia and Iran. The reserves are estimated at 896000000000000 cubic feet.
The oil price crash in the 1980s, had slowed the Qatar economy. The crisis led the country to finally develop the North area in 1989, but even then, production has been slow.
In 1995,One of the first measures of Sheikh Hamad was to accelerate the development of the North Dome field. Production was high and Qatar began exporting natural gas for the first time.
To accommodate production and increased demand, Qatar has started the construction of new liquid natural gas plants. Over the past 15 years, 14 liquid natural gas plants have been built in partnership with international oil companies.
In the late 1990s, Qatar has signed production sharing agreements with many international oil companies. New businesses started using horizontal drilling methods to reverse the decline in oil production. The partnership between Qatar and Maersk Oil has resulted in longer horizontal oil drilling in the world.
In 1996, Qatar has built the giant one billion dollar al-Udeid airbase which served as a logistics center and command for the US Army. The partnership with the US Army gave Qatar an unprecedented level of security.
In 1997, the country had started long-term agreements to supply massive amounts of natural gas to Spain and Japan. Over time, Qatar has diversified its clients.
stable oil production and the production of high natural gas. Qatar’s GDP has skyrocketed over the past 15 years.
Qatar has amassed a sovereign fund of $ 170 billion thanks to oil revenues and natural gas. It began investing like a hedge fund.

In 2003, Qatar established the Qatar Investment Authority to recycle revenues from oil and gas to other sources of income. QIA has made large investments in Barclays Bank, Credit Suisse, Harrods, Porsche, Volkswagen, and a majority stake in the football team Paris Saint-Germain.

The country has become one of the largest holders of real estate in London by the QIA (Qatar Investment Authority). It owns The Shard, the largest skyscraper in Western Europe, and large parts of Canary Wharf.

In 2006, Qatar adopted Indonesia to become the largest exporter of liquefied natural gas in the world with revenues from oil and natural gas amounting to 60% of Qatar’s GDP. But more competition came with a liquid natural gas production booming in places like the US and Australia.
In December 2010, Qatar was chosen as host for the FIFA World Cup 2022. The country has promised to build 12 state-of-the-art stadiums that use cooling technology so players could escape heat. Qatar has established itself as a hub of sports in the region, hosting or planning to host numerous sporting events worldwide.
Earlier this month, it was also alleged that the country spent $5 million in bribes for the submission of the 2022 World Cup
Meanwhile, the skyline has changed dramatically in recent years. Here’s how Doha looked like in 1977.

Here is how it looks now. Since 2000, 58 skyscrapers were built, planned, or under construction in Doha, with museums, stadiums, giant infrastructure projects, and more.

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