What is the projected economic growth for Qatar in 2015?

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Qatar's Economy Projected for Seven Per Cent Growth in 2015

Qatar's economy is anticipated to experience a seven percent growth in 2015. This projection comes amidst the nation's commitment to a significant infrastructure spending plan, despite fluctuations in global oil prices.
Continued Infrastructure Investment

The Qatari government has reaffirmed its dedication to a US$200 billion (RM743 billion) infrastructure spending initiative. This commitment extends to major approved projects, including the development of the country's railway network and the construction of a new port, underscoring a strategic focus on long-term development.
Economic Outlook Amidst Global Challenges

Despite concerns over the global economy and falling oil prices, Qatar intends to maintain its substantial spending on infrastructure. This stance reflects a confidence in the nation's economic resilience and its strategic investment plans, which are crucial for upcoming events like the 2022 football World Cup.
Population Growth and Economic Impact

Qatar has recently seen a record population increase to 2.33 million in February, largely due to an influx of foreign workers. This demographic shift is expected to continue and is a contributing factor to the projected economic growth for 2015.
New Infrastructure Projects in 2015

MEED, a regional business intelligence specialist, has forecasted that Qatar will see approximately US$30 billion worth of new infrastructure projects initiated within 2015 alone. This highlights the significant scale and pace of development the country is undertaking.

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