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FINANCIAL NEWS
Qatar expects 6.8 percent progress upon groundwork investment
18 Nov 2015
(MENAFN) Qatar predicted to develop by 6.8 percent over the next year, the nation’s economy will be powered by a large substructure investment, including rail network and other projects.
Additionally; as declared by the institute of Chartered Accountants in England, these organized construction projects are connected to the 2022 FIFA world cup which is set to be held in Qatar.
The country acknowledges the global economic doubts, encouraged by low oil prices, increasing US interest taxes, the Chinese slowdown and the thrilling of Iran approvals and acts accordingly.
“Given the unforeseen extent of the fall in government revenue, it will be difficult for oil exporting countries to stick to their current obligations,” said the ICAEW economic adviser and economist at Cebr.
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