Thursday 25 March 2010
Qatari PM sees 2010-11 GDP growth at 16 pct
The Qatari economy is expected to grow by some 16 percent in 2010-11, Prime Minister Sheikh Hamad bin Jassim al-Thani told an investment forum on Thursday.
"We are forecasting growth of 16 percent in 2010-2011," al-Thani said, according to an English translator.
The economy in Qatar, the world's largest natural gas exporter, is expected to largely outperform that of its fellow Gulf oil producers in the coming years due to massive expansion of its gas facilities.
Al-Thani also confirmed it expected to boost its liquefied natural gas production capacity to 77.4 million tonnes per year by 2011 from 56 million tonnes currently.END
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