Monday, 1 February 2010
Qatar may help real estate after banks-experts
Qatar, whose energy wealth enabled it to spend its way out of the global downturn, may move to prop up real estate operators after bailing out its banks, sector experts believe.
The Gulf Arab state's economy is expected to grow 16 percent thanks to new energy projects and its status as the world's biggest producer of liquefied natural gas.
The government's help for banks in 2009 included taking 14.4 million riyals ($3.96 billion) in real estate loans off their books to spur more lending .
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