Qatar revives its role as regional mediator
24 December 2023

In the closing months of 2023, Qatar definitively revived its reputation as a regional mediator by acting as intermediary in the negotiation of the temporary ceasefire between Israel and Hamas – bringing the Gulf nation full circle to the status it enjoyed prior to the 2017 diplomatic fallout in the Gulf.
The recent intercession by Doha builds on the long-standing self-positioning by the Gulf state as a neutral ground and place for dialogue in the region. It is also a product of the country’s coy strategic avoidance of publicly aligning itself with the US, Russia or China – at least in any way likely to stir criticism.
The start of Qatar’s journey to its current state of fierce political independence began in the 1990s and continued in the following decade, when Doha first began to cut its teeth in the conflict resolution arena.
Between 2008 and 2012, Qatar mediated peace or ceasefire deals in Lebanon (2008) – between the Lebanese government and Hezbollah – in Yemen (2010), in Darfur (2011) and in Gaza (2012).
In 2013, more than a decade after the US invasion of Afghanistan, Qatar allowed the Taliban to open an office in Doha – a move that would later pave the way for a role in arranging talks with the US ahead of the latter’s 2020 ceasefire with the Taliban and 2021 withdrawal from Afghanistan.
Qatar’s diplomatic and political credentials nevertheless took a hit during the 2017 diplomatic crisis in the Gulf – though even in this, Doha demonstrated agility and adroitness in its statecraft by quickly pivoting its relations and trade to the other regional powers: Turkiye and Iran.
Doha’s re-seizing of the initiative during the 2023 Israel–Hamas war follows a pattern not dissimilar to its role in US–Taliban talks, leveraging the presence of Hamas political representation in the country as part of a long-standing culturing of relations on both sides of the conflict.
Economic clout
Qatar’s geopolitical position and its broad latitude in picking and choosing its external relationships is rooted in its secure economic position, with its revenues pegged not to the vicissitudes of the oil price, but the market for gas – the fuel that is the darling of energy transition strategies from East to West.
The unremitting demand for Qatari gas has ensured double-digit current account and fiscal surpluses for the past two years and these are expected to continue for the foreseeable future.
This demand is also supporting ongoing investment in Qatar’s energy infrastructure, as shown by the May 2023 award of the $10bn engineering, procurement and construction contract for two new liquefied natural gas (LNG) trains on the North Field South project – following on from the similar $13bn LNG train award in February 2021 for the North Field expansion scheme.
Qatar’s exports are meanwhile predominated by long-term gas supply contracts that ensure that the revenue Doha receives is predictable, resilient to price fluctuations and highly immune to political disruption. Even in times of diplomatic tension, energy exports and imports are the least likely thing to be affected – since action on the part of energy importers would equally impact their own energy security.
A business-like approach is very much the overarching schema by which Doha’s non-committal politics are maintained. At the same time, Qatar’s cautious non-alignment with world powers has equally been no deterrent to developing strong bilateral ties with key poles of global influence such as the US.
Qatar’s geopolitical position and its broad latitude in picking and choosing its external relationships is rooted in its secure economic position
According to the US-Qatar Business Council, the US is Qatar’s single-largest foreign direct investor, with more than 850 US companies operating in the country.
This is in addition to Qatar’s hosting of Al-Udeid Air Base – the largest US military installation in the Middle East and an instrumental component of US power projection in the Gulf. The facility is also, in turn, a significant safeguard and security guarantor for Qatar.
New opportunities
There is also a certain intersection between Qatar’s non-committal politics and its commitment to sports – an ostensibly apolitical arena of soft power engagement. While the culmination of the Fifa World Cup Qatar 2022 is now in the past, the country is looking ahead to the 2030 Asian Games, among other events. In 2023 alone, Qatar played host to 14 major international sports events, and more than 80 events in total.
Doha will also be guided, as it heads towards the 2030 games, by the Qatar National Vision, which aims to transform the country into an advanced economy by the end of the decade.
In 2020, the government passed a new public-private partnership law and in 2021 allowed full foreign ownership of companies – both key spokes of a fresh foreign direct investment push by the country.
Doha’s energy ambitions also extend beyond gas. Qatar is pushing ahead with investment into the hydrogen industry with a view of capturing a share of the prospective global hydrogen market.
In 2022, QatarEnergy set in motion plans to build the world’s largest blue ammonia plant. Doha sees that in its future, just as in its present, the country’s positioning as a provider of the world’s energy of choice will also hold the key to its economic and political independence in the decades to come.

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Bab Gas Cap development
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Kuwait studies two oil export pipelines to bypass Hormuz15 October 2026
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Mohammed Al-Abduljalil, the deputy chief executive for planning and innovation at the KPC subsidiary Kuwait Oil Company, told Asharq Bloomberg that KPC had agreed with its partners in Saudi Arabia and the UAE to conduct feasibility studies for two separate projects.
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Gulf Spic submits lowest bid for Kuwait booster stations15 October 2026

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Stability holds as project work continues14 October 2026

When Dean McGrail describes the performance of the region’s construction market, he keeps returning to a single word: “stable”.
After initial concerns that the market would experience a sharp downturn and project cancellations following the onset of conflict in the region, regional president McGrail says WSP has yet to see a single major contract cancelled across its regional portfolio.
“We have seen some projects re-evaluated – questions around whether the mix between residential and commercial is right, and whether it should be luxury residential,” he says. “But as of today, we have not seen any projects cancelled, which is a real sign of resilience in the market.”
Under the surface
That resilience does not mean nothing has changed. McGrail is careful to separate re-evaluation from cancellation. Projects already on site and selling into the market are pressing ahead. It is schemes that have not yet been released for off-plan sales that are being paused and reconsidered.
“None of the projects we are currently involved in have been put on hold or suspended,” he says. “It is more re-evaluation. Some of that is investor sentiment, but some of it is materials and logistics as well, which people do not necessarily consider.”
Logistics, in particular, is a pressure that rarely makes the headlines. According to McGrail, shipping disruption has complicated the delivery of heavy equipment on certain schemes. “If we have big pieces of kit coming in – chillers or turbines for a power station – that becomes challenging,” he says.
The bigger question is viability. And while rising material costs, set against softening sales prices, are forcing developers to reappraise the numbers, for now the balance sits firmly on the side of continuity. McGrail estimates that revalidation and feasibility work accounts for less than 3% of the firm’s current order book, with the remainder progressing as normal.
“Requests for proposals have not slowed down across any of our disciplines or business units,” he says. “We are definitely seeing an uptick in infrastructure.”
Infrastructure pivot
That focus points to where McGrail expects the next few years of growth to come from. Rail sits at the centre of the UAE story, alongside road upgrades and other major developments in Abu Dhabi. In Dubai, the clearest signal of intent is the expansion of Al-Maktoum International airport.
“Al-Maktoum is a really good indicator of the future direction of travel,” he says. “That is not a project that is slowing down. There has been a commitment to Emirates that it will move there, and it is still progressing.”
The scale of the airport – and the challenge of relocating an airline the size of Emirates in one move – raises the question of how it will be funded. Here, McGrail returns to the theme of stability and to the mechanism that underpins it.
“One of the beauties of this region is the ability of government to step in,” he says. “They can fund it. If the private sector does start to suffer, that is the backstop. They push money into infrastructure – roads, rail, airports – which keeps our industry moving.”
Saudi reset
In Saudi Arabia, the recalibration story predates the conflict, and McGrail says the change should be read as a strength rather than a retreat.
“I am positive,” he says. “When the reprioritisation started at the beginning of 2025, having lived through the global financial crisis here, I saw the decision to stop, re-evaluate and reprioritise expenditure as a positive. When Vision 2030 was set, Saudi Arabia had not won Expo or the World Cup, so the reprioritisation was the right thing to do. Saudi Arabia will come out of it stronger. Short-term pain, long-term gain.”
The nature of the work is shifting with the budget. McGrail sees the kingdom moving towards a model long familiar in the UAE, in which core infrastructure and a handful of landmark buildings are delivered first, before surrounding plots are carved up and sold on.
“You establish a few key iconic buildings, then the plots on the outside are carved up and they look for external investment to come in and develop them,” he says. “It is no different from Downtown Dubai, where Emaar built the Burj Khalifa and a few buildings, then started selling plots.”
That approach is increasingly tied to public-private partnerships (PPPs), although McGrail is measured on how far the model will stretch.
“PPP is definitely becoming more prevalent on some of the larger infrastructure projects, though still not as significant as it was made out to be when they first started talking about it,” he says. He sees industrials, mining, healthcare and schools as a natural fit, rather than PPP becoming a blanket procurement route.
Aviation is another priority. WSP was recently appointed to the rehabilitation of the existing terminal at Jeddah’s King Abdulaziz International airport, alongside a new terminal. It also recently secured a role on the expansion and upgrade of King Fahd International airport in Dammam.
“Aviation is definitely a key area of focus for us as we head into the next 12, 24, 36 months,” McGrail says.
Beyond the two dominant markets, McGrail sees pockets of activity but no challenge to the balance of the portfolio. In Qatar, he points to a recovery taking shape towards the end of last year, with WSP active on the Qatar Children’s Museum and continuing its long-running work with the Public Works Authority (Ashghal). Oman is generating masterplanning work, including reviving the Blue City scheme.
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