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FINANCIAL NEWS
Qatar to invest USD25 b in 250 projects
24 Feb 2014
(MENAFN) Qatar plans to implement as much as 250 major projects worth over USD25 billion in several sectors, mainly economy and real estate, according to the Emirates 24/7.
The projects will focus on the country’s infrastructure in various parts of Qatar, and the bulk of the investments will come from the government as it prepares for the 2022 World Cup.
Domestic real estate is expected to hit one of its highest levels reaching USD13.74 billion this year.
A key Qatari property firm said: “The real estate sector will remain buoyant this year mainly due to government plans to heavily invest in infrastructure and other large projects and to issue tenders for projects in roads, transport, housing and industrial cities.”
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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