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FINANCIAL NEWS
Qatar not to cancel any infrastructure projects
25 Nov 2014
(MENAFN) Qatar’s Finance Ministry announced that it is not considering canceling any of its infrastructure projects which the country has planned as it prepares for the 2022 World Cup, Arabian Business reported.
The country currently has plans to invest USD280 billion in infrastructure projects across various sectors within a five-year period.
The Ministry said that the drop in oil prices, which has lost 30 percent since June, is being well managed in the country and that it would not affect its ability to be ready for the World Cup.
“We are working towards having the entire infrastructure necessary for the 2022 World Cup and we’re never going to cancel any of these projects,” Qatar’s Finance Ministry said.
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