Emir of Qatar vows to fight housing price hike
The Emir of Qatar, Sheikh Hamad bin Khalifa Al Thani, in a speech delivered at the Advisory Council Tuesday, voiced his concern over the price hike in the housing sector in the country and said the government would intensify efforts to combat this phenomenon.
According to the Peninsula, he said the government had taken a number of steps to curb the price rise in the housing sector "that were, obviously, not enough".
"Therefore, we will intensify the efforts to combat this phenomenon, which we are fully aware of, its grave impact on Qatar's economy in general and local and foreign investments, domestic spending, the budgets of authorities and public and private institutions as well as on the purchasing power of a large segment of citizens and residents, in particular," the Emir said.
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