ECQ’s vision is to create Middle East’s first energy business centre catering to commercial, technical and human resources needs of the oil, gas and hydrocarbon business which is the backbone of the Qatari economy. It is anticipated that the occupiers will be organizations primarily connected to the energy business, although it is likely that those companies involved in a secondary or tertiary role will also favor the location.
With surging requirements causing record growth rates and no sign of demand slackening, the Middle East holds a central role in the world economy.
Holding over 60% of the world’s proven oil reserves and over 40% of the world’s natural gas reserves, the Middle East’s long term crucial position in fueling world growth is clear. Yet thus far the region does not have a centre for the management of above ground resources such as Singapore, Houston, Calgary, Stavanger and Aberdeen.
It is logical and advantageous, that a hydrocarbon focused centre should be located in the Gulf, a safe secure, synergistic, state-of-the-art location for regional operations and global hydrocarbon development.
Energy City Qatar is the world’s next major energy hub, the Middle East’s home for major players in the hydrocarbon value chain.