- Research Handbooks in Business and Management series
Edited by Léo-Paul Dana, Mary Han, Vanessa Ratten and Isabell M. Welpe
Chapter 29: Qatar
Yochanan Shachmurove Introduction The Qatari peninsula extends 100 miles from Saudi Arabia into the Persian Gulf and is slight smaller than the state of Connecticut. Because of its great vantage point en route to India, the British initially sought out Qatar for colonial interests. But the discovery of oil and other hydrocarbons in the early twentieth century later changed their interests. In 1935, a 75-year concession was granted to Qatar Petroleum Company, which was owned by Anglo-Dutch, French and US interests.1 High-quality oil was discovered in 1940 at Dukhan, but because of the start of World War II oil exports did not begin until 1949. During the 1950s and 1960s increasing oil reserves brought prosperity, rapid immigration, and substantial social progress.2 In 1971, the United Arab Emirates, Bahrain and Qatar planned on forming a union of Arab Emirates. However, by mid-1971 they still had not settled on the terms of the agreement and the end of the year termination date of the British treaty relationship was approaching.3 Thus, Qatar sought full independence as a separate entity and became autonomous on 3 September 1971. Qatar was quickly recognized as an independent state and gained admittance to the United Nations and the Arab League. Since 1995, Emir Hamad bin Khalifa Al-Thani has ruled Qatar after seizing control of the country when his father Khalifa bin Hamad Al Thani was out of the country.4 Emir Hamad has been very open to global markets and the country has experienced a notable amount of sociopolitical...
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