Qatar plans to invest about $130 billion in its non-hydrocarbon sector in 2012-2018, the General Secretariat for Development Planning (GSDP) said on Monday.
Infrastructure spending should average more than 10 per cent of the Opec member's gross domestic product in coming years, the GSDP also said in a statement.
Meanwhile, Qatar's economic growth is expected to slow to 4.5 per cent in 2013 from a projected 6.2 per cent this year, and the country sees large risks in the global economy, particularly in the euro zone, the GSDP added.
The authority also predicted inflation would hover between 2 and 3 per cent in 2012 and 2013.
The growth forecast was slightly lower than the consensus of private economists.
Analysts polled by Reuters in March expected real gross domestic product growth of the world's top liquefied natural gas exporter to decelerate to 5.0 per cent in 2013 from 6.6 per cent this year and 14.0 per cent in 2011.
The Tadawul All-Share Index (TASI) continued its upward march for the third con
Banks Sector Drives DFM Index Higher
The DFM General Index dug in at 2,352.21 points on Sunday 20th May 2013.The index spending almost the entire session in the green zone added 56.20 points or 2.45 percent.
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Key Sectors Lead Gains at Qatar Exchange
The QE Index continued pacing its way higher throughout the day to close Sunday’s (20th May 2013) trading in the green territory at 9,009.43, achieving 1.03 percent or 92.53 points for the session. <