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FINANCIAL NEWS
Construction sector in Qatar to increase by 2018
03 May 2017
(MENAFN) Qatar’s construction sector is expected to increase next year as the government aims to spend more than 47 percent of the national budget on major infrastructure projects.
Accordingly, the government will be spending almost USD103bn for new and major projects, which led the IMF to state that Qatar will witness the highest GDP growth in the GCC by 3.4pct.
Moreover, a total of 516 exhibitors from 33 nations are aiming to leverage the future developments of Qatar’s multi-billion-dollar construction sector.
The construction industry plays a major role in achieving infrastructure development and therefore attracting foreign direct investments into the nation.
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MENAFN0305201700450000ID1095448667
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