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FINANCIAL NEWS
Qatar sets USD200b capex investment for developing infrastructure
23 Jun 2015
(MENAFN) Backed by a continuing capital expenditure (capex) of USD200 billion, Qatar moves along with its major infrastructure development schemes across the country, Gulf Times reported.
The spending allocation which is tied with the world cup stands at USD15.4 billion, which only accounts for 7.5 percent of the entire capex, according to a report issued by Samba Financial Group.
“Having said that, the prospect of declining fiscal and external balances will prompt the government to take a more considered approach resulting in slower project approval and execution,” Samba said in its report.
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