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FINANCIAL NEWS
Qatar to spend USD130b on non-oil sector
25 Jun 2012
(MENAFN) Qatar’s General Secretariat for Development Planning (GSDP) unveiled plans to spend USD130 billion to develop non-hydrocarbon sector over the next six years, Reuters reported.
GSDP added that infrastructure investments should average more than 10 percent of the Opec member’s gross domestic product in coming years.
Qatar’s GDP is expected to cool down to 4.5 percent next year from 6.2 percent forecasted this year, and the country sees large risks in the global economy, particularly in the euro zone, the authority said.
It also forecasted inflation in the world’s top liquefied natural gas (LNG) exporter would hover between 2 and 3 percent in 2012 and 2013.
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