Qatar`s cabinet recently approved the draft third National Development Strategy (NDS3) for 2024 -2030. The strategy, which closely aligns with the goals of the Qatar National Vision 2030, aims to to transform Qatar into an advanced State capable of achieving sustainable development and ensuring the welfare of its population.
In a bid to achieve this the National Development Strategy 3 prioritises competitiveness, innovation and support of institutional excellence while achieving a balance between sustainable growth and social cohesion. This ties in closely with the QNV 30, which is based on four basic pillars including human, social, economic and environmental development.
In order to achieve its economic goals, the State is targetting 4% economic growth until 2030 by expanding gas production and accelerating economic diversification. Furthermore, the government aims to make Qatar among the top 10 destinations in the world for investors. With regard to financial sustainability, the strategy aims to prepare medium term public budgets financed from diverse and stable revenue sources, including an increased contribution from non hydrocarbon sectors.
The human pillar of the QNV 30 is key and Qatar seeks to build a competitive, highly skilled workforce. In order to accelerate this part of the plan, the public sector will adopt a new performance management system and will implement skills building programmes in government institutions. Furthermore and most importantly, NDS3 aims to focus on the social welfare of its citizens and provide support to those who need it most, including the elderly, sick and physically challenged.
In terms of fulfilling the environmental sustainability pillar NDS3 will ensure the efficient management and protection of fundamental environmental elements. Consequently, Qatar will commit to reducing greenhouse gas emissions by 25%, rationalise electricity and water consumption while transitioning to a circular economy.
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