Qatar to invest $182bn in infrastructure

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Qatar’s economy minister says the Gulf state will invest around QR664bn ($182bn) on infrastructure in the next five years as figures show there are with 432 construction companies investing more than $10.4bn in the Gulf state, it was reported.

Sheikh Ahmed bin Jassim bin Mohamed al Thani said the companies employed roughly 37,000 people as Qatar gears up to host the 2022 World Cup, Gulf Times reported.

However, he said a wise management of the Qatari economy would require increasing competition and attract more investment to stimulate growth.

The minister said that the outlook for the construction sector in Qatar was very promising, particularly because construction projects played an important part in the Gulf region in general.

Speaking at the GCC and Yemen Building Materials Manufacturers Forum, Sheikh Ahmed said that it would discuss issues relating to increasing demand in the GCC area and the move towards green buildings.

He expressed the hope that the forum’s outcome would boost co-operation and partnership between building material manufacturers in the region.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Top 40 most powerful architects in the Middle East

Top 40 most powerful architects in the Middle East

Our annual shakedown of the region's 40 most influential and...

Slumping oil won't derail $500bn Gulf infrastructure plan

Slumping oil won't derail $500bn Gulf infrastructure plan

Rich GCC nations will deploy huge reserves to maintain a breakneck...

Revealed: GCC's top 10 developers

Revealed: GCC's top 10 developers

The biggest players behind many of the region's most ambitious...

Most Discussed