"Qatar’s oil economy is expected to grow by just 0.4% this year before shrinking by 1.1% in 2014 as the country’s LNG expansion programme has come to a halt, Meed said in its Middle East Economic Review 2013.
The main driver of Qatar’s economic growth in the coming years will be the non-hydrocarbons sector. Quoting the International Monetary Fund, Meed said the country’s non-oil GDP growth would be 9% this year and 9.5% in 2014.
The construction sector will account for most of Qatar’s non-oil growth, the report said. The country has an “immense pipeline” of infrastructure projects estimated to be worth $183bn that it has committed to deliver ahead of the FIFA World Cup, which the country will stage in 2022."
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