Qatar to spend USD125b by 2016

26 Apr 2011

(MENAFN) The Qatari Emir’s economic adviser, Ibrahim al-Ibrahim, revealed the country’s development strategy which includes expenditures of more than USD125 billion over the course of the coming five years, reported Reuters.

Al-Ibrahim said that governmental spending was boosted as a result of an increase in gas output as well as in crude prices.

The five-year strategy included a forecast for growth in the country this year at 15.7 percent.

It is worth noting that Qataris enjoy the highest incomes per capita in the world at the average of around USD75,000.

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