Tuesday, 7 February 2012

Gulf Times – Qatar’s budget surplus might set to cushion eurozone impact: IBQ chief

The eurozone financial crisis will only have a “limited impact” on Qatar mainly because of the country’s large budget surplus, said IBQ managing director George Nasra.
“Qatar remains a very attractive place for investment due to its solid economic fundamentals,” Nasra said at the Qatar Projects 2022 conference yesterday.
The growth indicators of the Qatari market points to a $75bn in budgetary surplus in the next five years. Population is expected to reach 2.5mn by 2015, growing at 9% a year, in view of the anticipated influx of expatriates for project-related activities in Qatar.

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