Figure this: Qatar GDP to reach record 12 figure number by year's end
Qatar's gross domestic product (GDP) is expected to touch $230 billion in the current fiscal as the country is expected to achieve a 6-7 percent growth rate for 2014-15, a report said.
Qatar has the potential to emerge as the region’s second largest economy, The Peninsula newspaper said citing a report in Al Sharq.
Qatar’s huge foreign investments by its sovereign fund in several sectors have also started paying its dividends. This will give an extra push to Qatar’s economic growth, the report said.
Economy and Trade Minister Sheikh Ahmed bin Jassim bin Mohamed Al Thani said last week the country’s GDP had reached $202.38 billion in 2013, recording an impressive growth of 6.5 percent, the report said.
- Why women are the answer to Egypt's 'faltering renaissance'
- Fully booked for post-sanctions business: Iran's five star hotels are buzzing with Western business delegations
- The source of all brain drain: Lebanon's university graduates downbeat about their future prospects
- Is Erdogan's party waging a 'holy war' against the free market economy?
- Costs and benefits: the tough economics of hosting the World Cup