Sunday 20 January 2019

Qatari authority announces $1bn investments

DOHA, December 14, 2017

The Ministerial Group for the Encouragement and Participation of the Private Sector in the Economic Development Projects of Qatar has revealed a number of investments worth more than QR4 billion ($1.085 billion) in different fields, said a report.

The accouncement was made in accordance with the directives of HH the Emir Sheikh Tamim bin Hamad al-Thani for achieving self-sufficiency and reliance. The Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani revealed the plans, added the Gulf Times report.

The group said in a statement yesterday that the new investments are part of the government’s efforts to enhance the private sector’s role in the country’s economic development.

The projects will mainly be in the health, education, logistical support, agricultural produce, industry, and environmental fields.

In the education sector, the group chose a group of investors to establish seven schools.

The group already allocated the land and provided it with the necessary infrastructure.

A total of 116 investors competed over winning those lands, added the report.

Tags: | Qatar | investments | $1 billion |

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