Oil prices lead Qatar to reprioritise 0bn funds Qatar is set to award contracts worth 0bn over the next ten years following a prioritisation programme in light of dwindling oil prices. The programme will extensively focus on infrastructure, education, and health sectors. A report by Standard and Poor's (S&P) about Qatar, cited by local daily The Peninsula, stated: "We expect the majority of the projects to be completed ahead of [the 2022 World Cup, which] Qatar is hosting." Qatar's programme will aim for medium-term real eco**mic growth, despite contribution to "a deterioration in fiscal and external balances, exacerbated by large fall in oil prices", S&P continued. "The stable outlook reflects our view that Qatar's eco**my will remain resilient, supported by strong macroeco**mic fundamentals, although we anticipate continued institutional weaknesses and limited monetary flexibility over the next two years." S&P classified Qatar as a wealthy eco**my, and said it estimates the country's per capita GDP (income) at $81,000 this year, the daily's report added. RELATED ARTICLES: Qatar-starts-construction-at-2022-FIFA-Lusail-site , Qatar-says-**-to-project-delays-and-subsidy-cuts , How-will-oil-price-volatility-affect-GCC-budgets- ,
09-21-2015, 04:34 AM
Oil prices lead Qatar to reprioritise $220bn funds
Qatar is set to award contracts worth 0bn over the next ten years following a prioritisation programme in light of dwindling oil prices. The programme will extensively focus on infrastructure, education, and health sectors. A report by Standard and Poor's (S&P) about Qatar, cited by local daily The Peninsula, stated: "We expect the majority of the projects to be completed ahead of [the 2022 World Cup, which] Qatar is hosting." Qatar's programme will aim for medium-term real eco**mic growth, despite contribution to "a deterioration in fiscal and external balances, exacerbated by large fall in oil prices", S&P continued. "The stable outlook reflects our view that Qatar's eco**my will remain resilient, supported by strong macroeco**mic fundamentals, although we anticipate continued institutional weaknesses and limited monetary flexibility over the next two years." S&P classified Qatar as a wealthy eco**my, and said it estimates the country's per capita GDP (income) at $81,000 this year, the daily's report added. RELATED ARTICLES: Qatar-starts-construction-at-2022-FIFA-Lusail-site , Qatar-says-**-to-project-delays-and-subsidy-cuts , How-will-oil-price-volatility-affect-GCC-budgets- ,
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