Qatar to Invest $65 Billion on Infrastructure

Doha , March 28 (QNA) - Qatar's government plans to invest more than $ 65 billion on infrastructure in the next five years as part of an integrated national plan to revitalize the country's infrastructure.
A book entitled / National Development Strategy / published here Monday on the occasion of the launch of the national development strategy for the period of 2011-2016 , said that developing Qatar's infrastructure includes improving the energy and water sector as well as the Doha's new port in addition to improve the information technology sector.
The book also said that there will be a number railway projects in the country as well as a metro in Doha.
The book highlighted other investment in other fields that will cost between $8.5-$12.5 billion, adding that the contribution of these investments could be great in the future. Some of these investments are directed towards expanding the drainage system to include agricultural areas, establishing places for treatment of water waste, improving the distribution of the desalinated water network and revamping a number of energy projects.
The book said that, excluding Qatar Petroleum and its sub-companies, Qatari companies will invest QRS.130 billion during the coming five years, with round QR 100 billion of them belonging to Barwa's and Qatari Diar's housing projects.
A for Qatar Petroleum, it will invest around QRS. 88 billion in the next six years in projects related to liquefied natural gas according to the book. Some QRs. 7 billion of those will be towards expanding the capabilities of the petrochemicals sector.