Qatar to spend $13b on ‘mega projects’ in 2017
DOHA: Qatar will deposit adult to $13 billion in vital infrastructure projects subsequent year notwithstanding a unemployment in revenues ensuing from low appetite prices, a Gulf state’s financial apportion pronounced on Tuesday.
Qatar emir pledges $1.25 billion to support Tunisia economy
Ali Shareef al-Emadi likely expansion of 3.4 per cent in 2017, in line with an International Monetary Fund guess and adult from a projected 3.2 per cent this year.
“Increasing a investment in mega projects reiterates a country’s joining to achieving a goals,” Emadi told representatives during a Euromoney discussion in Doha.
“It is approaching that on new projects in 2017, spending will be adult to 46 billion Qatari riyals ($13 billion, 12 billion euros).”
The apportion combined that a 2022 World Cup horde had already spent roughly 375 billion riyals ($98 billion dollars, 95.6 billion euros) on large-scale projects.
Higher education: Qatar seeks assistance of Pakistani varsities
Most of a investment in a subsequent few years will be in construction and ride as a nation gears adult to horde football’s showpiece tournament.
Speaking during a same conference, Qatar National Bank’s arch executive officer, Ali Ahmed al-Kuwari, pronounced construction would comment for 45 per cent of investment between 2015 and 2018, and ride roughly 30 per cent.
Article source: http://tribune.com.pk/story/1254948/qatar-spend-13b-mega-projects-2017/