Qatar sees 21% growth in 2011: minister

02 Nov 2010

(MENAFN) Qatar’s Finance Minister Youssef Kamal said that the country’s economy has grown 16 percent this year and if the oil prices stayed above $70, the growth will reach 21 percent in 2011, Gulf Times reported.

The minister told an investment forum that Qatar’s debts are no higher than 30 percent of gross domestic product (GDP) and it will allocate 40 percent of its budget to 2016 for infrastructure projects.

Next year’s budget will be no less than this year’s, Kamal said. Forty percent of the budget through 2016 will be allocated for infrastructure projects, he added.

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