Qatar to stick with its $200bn spending, says PM

HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani addressing the meeting.

Qatar has large reserves to withstand the current trough in oil prices and its planned $200bn infrastructure spending will continue to spruce up the economy, which is expected to grow 7% this year, HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani said on Sunday.

“We reiterate our commitment to investment in infrastructure, health and education,” HE Sheikh Abdullah told the Institute of International Finance (IIF) Spring membership meeting which is taking place in the Middle East for the first time.

“The public spending is in line with the Qatar National Vision 2030, which stands on four pillars of economic, social, human development and environment,” he said.
 
 
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Source News: Gulf Times