Qatar hopes to spend US$100 billion on investment and infrastructure projects by 2012. Al Sharq newspaper quoted the Qatari Minister of Economy and Commerce, Sheikh Mohamed bin Ahmed bin Jassem Al Thani, as saying that the state had revised upwards allocations for investment and infrastructure projects to $100 billion by 2012.
According to the daily, the minister led a trade delegation to Spain recently where these figures were disclosed.
Ahmed Sultan Al Kuwari, from Public Works Authority (PWA), told the symposium that PWA had a five-year road development plan and expected to spend QR13.8 billion by the year 2009.
Upgradation of D Ring Road with a number of flyovers and subways being planned, and Old airport Road were some of the major projects that would be launched under the five-year plan.
According to him, the PWA had identified 32 mega projects to be completed over a five-year period. He said that most of the infrastructure projects under way currently were slated to be completed by 2006 when the Asian Games are to be held in Doha.