Qatar's ambitious economic policies have sustained double-digit growth rates while much of the world has struggled over the past few years. But the gas-rich Gulf state may now be overreaching, as a building boom threatens a glut in its property market.
State-owned property developers Barwa Real Estate and Qatar Diar are set to spend 100 billion riyals ($27.5 billion) over the five years to 2016 on commercial and residential projects, according to a national development strategy unveiled last March for the country of 1.7 million people.
The government is backing that with promised public investment worth $95 billion during the period, over $65 billion of which is expected to be on infrastructure.
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