Economy set to expand further on gas output gains - The Peninsula #Qatar

Economy set to expand further on gas output gains - The Peninsula Qatar:

Qatar’s economic recovery is to gain further traction as the country’s oil and non-oil sector output will expand going forward. Supported by continued infrastructure investment, regulatory reforms and output gains in the gas sector, Qatar’s economic growth is expected to gradually rise to 3.0 percent by 2020.

Qatar’s economy has been performing well, with output expected to increase by an annual average of 2.7 percent over 2018- 2020 from 1.6 percent in 2017 on the back of gains in the nonhydrocarbon sector, especially in manufacturing and construction, and in the gas sector, where the authorities are intent on expanding LNG capacity by 43 percent by 2024. Underpinning economic activity is the government’s expansive public investment program, which is now reaching an advanced stage with the FIFA World Cup only three years away, NBK’s ‘Qatar economic outlook’ noted.