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Qatari plans $16bn investment in real estate sector

Qatar Business


Qatari government has announced plans to invest nearly QR60 billion ($16.1 billion)  into the country's infrastructure and real estate sectors over the next four years, said a report citing a senior official.

This is in addition to a QR2 billion in terms of developing food security projects for the period, said Khamis Ahmed Al Mohannadi, Chairman, Private Sector Development and Support, on the sidelines of Qatar-Germany Business and Investment Forum held recently.

There are huge investment opportunities available in logistics, health, education and some key projects related to the industrial sector. There are many other areas as well in which private sector can play a critical role in Qatar, Al Mohannadi told The Peninsula.

Currently, over 300 German companies are directly operating in Qatar. They are mainly into technology, infrastructure and transportation, he stated.

“We want more and more German companies to get involved in the opportunities available in Qatar’s private sector,” he added.

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