How Did Qatar Get So Rich? | History Documentary
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- čas přidán 30. 06. 2024
- Qatar has gone from being a poor country with a primitive economy to one of the richest in the world. It is no secret that much of their fortune has been the result of the large amount of Oil reserves that it boasts. The Black Gold liquid has provided the Qatari royal family an opportunity to modernise its realm, as well as exerting their influence on a global level. The immense amounts of money brought in by oil and gas has subsequently been used by the ruling Al-Thani family to establish more economically sustainable strategies that will serve Qatar in remaining a hub for commercial interest in the years to come.
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#qatar #qatarworldcup2022 #oil
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0:00 Intro
0:57 Qatar's Early History
2:10 Discovery of Oil
5:29 Results of Oil Money & Diversification
Qatar is not considered as a big oil producer compared to the other neighbouring gulf states but to is gas. Qatar has the third largest gas reserve after Russia and Iran.
Yep, I'm sure that's surprising for many to hear!
@@HikmaHistory as you may know that Qatar is not longer a member of OPEC since quite long time. I think because Qatar want to be a big international gas player. It host the GECF (gas exporting countries forum).
Maybe not compared to OPEC, but qatar still exports vast amounts of oil
I think Turkmenistan is also up there.
Do you think Qatar will be able to maintain its wealthy status?
Full Modern History Playlist: czcams.com/play/PLiPhmAD3I2Jz6goEJlQ1zh6KkbeBWZ2pP.html
In theory it should be highly possible, if they develop a long-term economic model that isn't reliant on oil. E.g. South Korea is far richer than North Korea, despite the latter having much more natural resources
@@McVaySwifty Well-said. It looks like they have an appreciation for that thought, will be interesting to see how things unfold...
I wait for this video
Great video again!
Thanks Sebi
Always love learning. Thank you for your videos.
I really enjoy your stuff! 😉
Good stuff. I am currently reading Heat by Sir Ranulph Fiennes who was serving as an officer in the 70s Oman army. He gives excellent brief insight into the history of Oman from Roman times, portugese Indian arrival to present day and the politics of the 70s regarding Trucial States , Qatar etc .
Back in the day the area was notorious for piracy and slavery , which the british made illegal and resources traded that did not realise came from the region. The Gulf states , Oman , Yemen have a rich history which is definitely worth investigating
Intriguing video
I have learned so much about the Middle East from your videos...thank you from a "western" friend.
Glad to hear it!
I appreciate the effort you made by making this video but you missed a lot of important stuff. One of the most important thing that you missed is though Qatar discovered Gas in 1970s they didn't use it until late 1990s and early 2000s, because unlike Oil, Gas at that time was not transported on ship but pipes, and Qatar didn't have close customers that wanted Gas. The major customers of Gas was in East Asia like Japan and Europe. So in order to sell to Europe Qatar wanted to build a pipe line through Saudi Arabia to Jordan, Syria, Turkey and connecting it to existing pipe lines in Europe but Saudi Arabia didn't allow Qatar to build this pipe line to it's territory. So out of options, when Hamad bin Khalifa took power in 1995 he thought of an ambitious plan of using liquidation method to turn gas to liquid and transport it thought ships. The problem with that is that this method is really expansive for both the seller and the buyer, because you need to build huge infrastructures in the sellers country and the buyer. This infrastructure in the seller country will turn gas to liquid put it in huge custom ships that going to transport it to the buyer's country and the buyers need to have infrastructure that will turn this liquid gas to gas again and use it for their needs. At that time in 1995 the country was bankrupt do to political reasons and relayed on pay to pay of the oil. He and his team came with a plan to save 90% of the oil profits at that time to build the infrastructure needed to use liquified gas method and found out that Japan is willing to build the infrastructure needed to buy liquified gas from Qatar, along with thousand of other problems and challenges they did it. Right now Qatar is the largest liquefied gas exporter and Japan, China and India are their larger customers. And that is what mostly made our country Qatar rich to day and oil is not that big in terms of profitability for us. Anyway I appreciate you making a video about us, thank you.
Wow 👏
This is good stuff
We need a video about why Turkey simp so bad for Qatar
Would love to see sources!
thanks for uploading daddy
Great video like usual!
This video turned out great! Love hearing about any of the gulf countries, very interesting area
Thank you, my guy!
The thing is, these oil/gas rich Gulf Arab states have wise leaders that care about their people and thus spend money on their country, on the infrastructure, on education and on the health care system. They also provide benefit system to their people and spoil them rotten.
Whilst on the other hand, the other neighbouring Arab countries have leaders that steal from their people and spend the absolute minimum they can get away with.
Such contrast. Am I envious ???? lucky them.
no lol
Please do a video documentary about Sultan Aurengzeb.
Next year for sure
He was the best mass murderer after Timur, definitely a must
Alot I didnt know about Qatar
If the Ottoman Empire discovered oil and did not join World War I, the descendants of the House of Osman may still resided in the Topkapi Saray in nowadays.
Azerbaijan have oil and you know what happened there
True
@@HikmaHistory Thanks for agreeing with me! Also, have you ever seen a video about the Ottoman Empire survived World War I and still thrived into these days by Whatifalthist? if so, what do you think about it?
Really!?!? Nothing about the modern day use of Slavery to build Qatar? Nothing? You lost a little bit of respect there Brother. Come on, you can do better than that!!
They hired a lot of European companies to build most the stadiums, contractors and architects like KEO International Consultants, Foster& Partners, Fenwick-Iribarren Architects are the some of ones who were in charge of a lot of the projects and tried to do everything as cheaply as possible. So really you should be working on shutting down those companies who actually facilitated the hiring and use of slave labor, but you won't bc you're racist and only apply your set of rules to brown people. Just like how you don't do anything about the US prison system that makes like 11 billion dollars of goods and services every year. Also I don't see thousands of Indians queuing to pay thousands of dollars in bribes to go to US prisons like how they pay thousands of dollars in bribes to land the slave jobs in Qatar.
❤thanks
They got that 10w30
Just out of curiosity. With the development of Paleontology/Geology and stuff. Dating rocks around the world, and knowing what period was near the surface at what area of the world. Around what time period, did the Western nations already have a pretty good idea that there should be oil in certain parts of the middle east? I'm assuming this played some part in their foreign policy.
Great question - western geologists were essential in the exploration of the Middle East's potential for oil. To answer your question, it was in the first 3 decades of the 20th century. There were pivotal moments, mostly characterised by the discovery of oil in certain countries - Iran early 20th century; Bahrain 1932-ish, Saudi Arabia 1930s etc. Because of the proximity of these areas, I'm sure it gave geologists (foreign policy administrators) the motivation to explore neighbouring regions. In Qatar's case for instance, the discovery of oil in Bahrain was literally the/one of the most important reason behind why the British even started digging for oil in Qatar in the first place. Hope that somewhat answers your question.
@@HikmaHistory Thank You!
The usa has a historical influence with early development with Saudi Arabia oil exploration , and the gulf states etc with Britain. The Saudi Aramco 🇸🇦 is an abbreviation of (Arabian American oil company ) helps understand usa history with Saudi Arabia . An interesting time
Strong, common sense, wise leadership is key, isn't it.
0:10 is this well lit city in Qatar or is it Riyadh? This same snippet is in the Saudi Arabia video.
no mention in the video of modern day slavery in Qatar
Well that's a propaganda so obviously he wouldn't include that bs in his video.
Actually, average person living in liberal society is slave. Check for modern slavery in West, you see.
@@mdsabahuddin8251 the Kafala system Is not propaganda it is a thing even The Qatari government admits to
@@mdsabahuddin8251 So you want to explain to me how the qatari citizens amount to less than 15% of their population?
Did all of these east africans and south asian young men show up for the food? Really good music?
Get the hell outta here.
Not really the focus of the video. Considering this is part of a modern history of the Middle East, he's have to mention slavery for most nations if he did for Qatar.
Besides, if you look into the statistics, slavery is literally everywhere in the world whether we like it or not. It's just driven underground.
How did Qatar Abu Dhabi and Dubai get so rich???
South Asian slave labor 🤩
Haha haha 😄 😆 🤣 😅 😂laughing alot.
How? 🤔 Most of the gas stations are bound to be wealthy
5:17 is a big turning point...
7:22 Qatarization...
You had 8 minutes to explain and that also u got it wrong it is not oil it is GAS Natual GAs which they dig up and seel . it is one worrd answer and u took 8 munutes and got it wrong , wow
OIL... ok now you may skip this video
No mention in the video of the terrible treatment of migrant workers that directly contributed to the building of Qatar that you showed off,
The fact that you omitted this either means you are ignorant or acting in bad faith, and seeing as you’ve blatantly ignored any comments critiquing this fact, but interact with comments that echo your sentiment, makes me believe you are not concerned with the reality of the situation, just upholding your worldview
the real reason is nobody cares about the migrant workers
Like how you no mention that slavery happens everywhere especially in the west
Forgot to mention slavery is partially how they stay so rich
A lot of gas?
No body is forcefully giving Qatar visa and flight tickets
✌️
The average Qatari has a far better life quality than the average European/American. And this has triggered them to unleash their uncontrolled jealousy and hate toward Qatar.
Can a Qatari go into the back yard and make a snowman? Can they skate on a rink in the backyard? What about eat maple sap on snow? Or even go tobogganing?
lol…average American enjoys rights, choices and freedom in lot of aspects of life and doesn’t depend on oil
@@johnkilmartin5101 irrelevant
The west is angry because of the gas deal between qatar and putin since Europe now suffers from it
and want qatar sell their gas now for a cheap price
Solid point made tbf
Hey, you forgot the slaves. At least part of this wealth is due to the slave labor used to build their infrastructure.
Slave? Since when Qatari abduct some people from South Asia? I don't know slavery is known for opening a registration like kafala does.
Sorry to say that Qatar is much better when it comes to foreigners than most Western countries do which exploiting and enslaving those people outside of their countries just to get noticed by others.
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History can't help being propaganda, but this presentation sounds more like hagiography. Did the ruling family sponsor it? Edit it? Commission it?
so are you gonna leave out the human rights abuse and slavery part out?
Human rights and slavery ? That's the US and its occupier
I worked there for a few years, before their economic boom. This and the Construction required for the Football Tournament created a demand for Workers, especially labourers as Qatari’s wouldn’t do the manual work. So it sucked in low cost labour. These Workers applied for jobs which paid much more than they could earn in their own Countries. Yes I believe that conditions were poor, although possibly not worse from where they came from and safety not apparent as a concern - from top to bottom in the building of Stadiums. However, I do not believe the employment of these Workers could be termed as ‘Slavery’.
Look up qatars kafala system my dude
@@Ampasss qatar does not have kafal
They made many many many reforms since 2013
Workers have a day off
Don’t work if sun is hot in the summer
They have free housing free food free electricity
Do have their passport
And have minimum wage
So I don’t know why people are angry about that
Come to qatar in see yourself instead of believing the western media
@@12gmkk29 with the greatest of respect over 6000 workers have died working on the World Cup preparations since 2013. More obviously needs to be done.
@@Ampasss Kafala is the method whereby Qatar, and Saudi Arabia for that matter, control foreign Workers during their Contractual time in the Country. It makes the sponsor company responsible for foreign employees, for behaviour and to ensure they leave the country when their Contract period is finished. Therefore, while it is restrictive (a worker can only change to another Company with the sponsor’s approval) it allows protection for Qatar, especially as it has a small population, from excessive number of foreigners. I think this is acceptable. A separate issue is ‘health and safety’ and this is what should be focussed on. I’m sure I am in agreement with you on this.
@@Sidiqi their rights are excessively restricted. More than nearly any other immigrant to host country relationship. They are people too who deserve as much respect as the Qatari people.
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U forgetting the other component to Qatar’s wealth, the atrocious kafala system
I hate Qatar if I’m being honest
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