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FINANCIAL NEWS
Qatar to spend USD200b on infrastructure projects
09 Apr 2013
(MENAFN) Qatar’s Minister of Economy & Finance Yousuf Hussein Kamal stated that the country is planning to invest about USD200 billion in infrastructure development over the next 10 years, reported The Peninsula.
Kamal said that the plan comes under the National Vision 2030 that aims at promoting a large and competitive private sector, sustained by modern, progressive and pro-business government institutions.
He added that of the total amount, USD140 billion will be spent during the next five years on investments, including new airport, a new seaport and a rail and metro system.
It is worth noting that between 2008 and 2012, Qatar’s economic growth averaged 13 percent annually.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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