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CSB News USA · 3:59 PM
Iranian attacks have paralyzed Qatar’s vital gas exports and are stalling the tourism and business pivots that were intended to anchor its future growth
Iranian attacks have paralyzed Qatar’s vital gas exports and are stalling the tourism and business pivots that were intended to anchor its future growth. In Qatar, a desert peninsula protruding into the Persian Gulf, natural gas turned the country from a pearl-diving backwater into one of the world’s wealthiest nations. Qatar spent three decades building supply lines, shipping tens of billions of dollars of liquefied natural gas each year through the Strait of Hormuz to ports across Asia and Europe. The state, which derives more than 60 percent of its revenue from gas and gas-related exports, used that money to transform the peninsula into a gleaming metropolis. Unpaved desert roads were replaced by monolithic corporate skyscrapers, at the base of which irrigation systems water perennial blankets of grass and fuchsia flowers. Gas wealth funded a metro system linking the capital, Doha, to Lusail, a northern city that is home to a Parisian-style mall and a theme park with artificial snow. The riches were also funneled into the world’s most expensive…
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