In 1939 were first discovered the oil reserves in Qatar Peninsula, located on the northeasterly coast of the much larger Arabian Peninsula. In 1971, Qatar officially gained its independence from the United Kingdom, and three years later the Qatar General Petroleum Corporation took control of all oil operations in the country, and Qatar rapidly became a rich country. In 2012, it has the highest GDP per capita in the world, and approximately 14% of households are dollar millionaires. Probably the most visible and simultaneously the most impressive evidence of the country's economic success are the buildings erected in recent decades especially in its capital, Doha, arelatively youngcity, foundedin 1825.
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