The Qatari government and state-owned companies plan to spend as much as US$100 billion (NZ$144 billion) on infrastructure projects within the next four years, according to GulfNews.com.
Quoting finance minister Yousuf Hussain Kamal, the report says these projects include roads, sewage treatment, water treatment, and infrastructure like ports and airports.
The Qatari economy, which depends on oil and gas revenue, may expand 18.5% in 2010, and slow to 14.3% in 2011, according to the International Monetary Fund’s website.
The government will spend more than $40 billion on projects, while the remaining amount will come from government subsidiaries such as Qatar Petroleum, Kamal was quoted as saying.
Qatar, owner of the world’s largest single natural-gas field, has a $130 billion eight-year investment programme in oil, gas, education and health. Qatar has a population of about 907,000.
