QNA

 

HE Minister of Economy and Trade Sheikh Ahmed bin Jassim bin Mohamed al-Thani said that Qatar will invest around QR664bn on infrastructure in the next five years.

The minister said that such investments will extend beyond oil and gas projects. He added that there were 432 construction companies operating in the country with an investment worth $10.4bn. Those companies employ roughly 37,000 people, he said, stressing meantime the important role the construction sector is playing as the country prepares to host the 2022 World Cup.

HE Sheikh Ahmed also praised the state for being able to lay the foundations of sustainable economic development, a main component of Qatar National Vision 2030. He added that a wise management of Qatari economy will 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 play an important part in the Gulf region in general.

Speaking at the GCC and Yemen Building Materials Manufacturers Forum, HE Sheikh Ahmed said that the forum will pose a number of important questions to participants regarding increasing demand in the GCC area and the move towards green buildings.

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

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