More than QAR 46bn ($12.6bn) worth of new contracts will be signed in Qatar in 2017 as the country cranks up preparations for the FIFA World Cup in 2022, the countrys finance minister has said.
Despite the huge fall in energy prices Qatar has managed to keep economic growth rates at adequate levels, HE Ali Shareef Al Emadi told the Euromoney Qatar 2016 conference.
Total investment in commissioned projects stands at nearly QAR 374bn ($103bn), the minister added.
Economic growth is predicted to rise to 3.4 percent in 2017, in line with an International Monetary Fund estimates and up from a projected 3.2 percent this year.