The Qatari minister of economy and finance Yousef Hussein Kamal said that the volume of Qatar's spending on infrastructure is expected to reach $150 billion over the next five years. The minister said that spending on the non-oil sector will be between $120 and $140 billion over the next five to six years in addition to $30-40 billion in the oil and gas sector, thereby averaging about $30 billion a year. Qatar's nominal rate of economic growth for 2011 is projected to reach 30%. Qatar has achieved a real growth of 15% in each of the last five years, making it one of the fastest growing economies in the world.
Source: menafn.com, October 26, 2011