Qatar economic activity soaring:
"Large infrastructure projects such as the Doha Metro Rail would accelerate Qatar’s economic activity until the year-end, says QNB, which sees an increasing role for the country’s non-hydrocarbon sector until 2015.
The large infrastructure investment programme will have a direct effect on growth through higher investment spending and an indirect effect through population growth, a QNB report yesterday said.
Many expatriate workers are coming into Qatar to respond to higher labour demand from infrastructure spending. As a result, QNB expects Qatar’s population to grow rapidly over the next two years.
“This increased level of job growth, and thus higher disposable incomes, should boost aggregate domestic consumption, which will be a key driving force of GDP growth in the medium term,” the report said."
'via Blog this'
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