Qatar strengthened its continued economic momentum during the third quarter as tenders and auctions reached USD 4 billion. This amount highlighted strong activity across local and international companies. Moreover, the trend reflected growing confidence in the country’s financial direction. The introduction includes continued economic momentum to emphasize the quarter’s performance.
During the quarter, Qatar recorded tenders worth QAR 15 billion. Local companies secured USD 2.6 billion, and foreign firms gained USD 1.4 billion. The distribution showed strong competition across sectors. Additionally, it confirmed rising demand for services and projects in key fields.
The Ministry of Finance shared detailed figures. The country completed 1,027 transactions within the quarter. These transactions covered transport, communications, municipalities, environment, energy, and health. Each sector showed strong performance. Furthermore, transport and communications attracted significant interest due to ongoing development programs.
The Ministry also revealed updated budget data for the same period. Qatar recorded revenues of USD 13.2 billion and expenditures of USD 13.6 billion. Oil income remained the primary source of revenue. The average oil price reached USD 68.1 per barrel. Because of this, the national budget stayed aligned with market expectations.
Qatar continued to build continued economic momentum through steady investment and clear financial planning. New tenders encouraged companies to expand their activities. Likewise, rising demand pushed firms to prepare for more opportunities within upcoming quarters.
Officials noted that the tender distribution supported national goals. Each major sector received projects that matched long-term development plans. As a result, local companies strengthened their positions. Foreign companies also increased interest due to growing market stability.
The energy sector benefited from global demand trends. Meanwhile, the health sector saw rising investment as the country expanded its services. Municipal and environmental projects also attracted strong participation. Consequently, companies anticipated more contract opportunities in the coming year.
Qatar aims to maintain continued economic momentum by supporting private-sector growth. Therefore, the government continues to offer new tenders that target essential infrastructure. The third-quarter outcome demonstrated steady progress and strong financial movement across the nation.
