Arab Today, arab today qatar warns of cost overruns delays in infrastructure works
Last Updated : GMT 18:20:37
Arab Today, arab today
Arab Today, arab today

Qatar warns of cost overruns, delays in infrastructure works

Arab Today, arab today

Arab Today, arab today Qatar warns of cost overruns, delays in infrastructure works

Qatar warns of cost overruns, delays in infrastructure works
Doha - Arab Today

A $200 billion infrastructure program launched by Qatar could see higher costs and delays because of the slump in oil prices, the government of the 2022 football World Cup host has warned.
A study from the Ministry of Development Planning and Statistics (MDPS) said that “continued volatility” on the oil market was likely to have consequences for the vast construction projects underway in the emirate.
The MDPS predicted that Doha will run budget deficits for at least three years as it adjusts its energy-reliant economy to the fall in oil prices, which have dropped by more half since 2014.
It also confirmed that Qatar will for the first time introduce a value-added tax in 2018, in the form of a five percent levy on certain goods that was agreed by Gulf Cooperation Council finance ministers this month.
“Most risks to the outlook are grounded in international oil price movements,” the MDPS said in its “Qatar Economic Outlook” study.
“If they (oil prices) remain low for an extended period, the fiscal and external accounts deficit will be more pronounced requiring funding efforts.”
It added that risks included “delays or cost overruns (or both) in the delivery of key infrastructure reforms.”
Qatar is a member of OPEC and the world’s biggest exporter of liquified natural gas.
Among the major infrastructure projects being built are Doha New Port, a Metro system and regeneration of parts of the capital.
The World Cup is expected to cost about $30 billion, with stadiums accounting for $10 billion of that, organizers have said.
The MDPS said Doha will run a budget deficit of 7.8 percent this year, Qatar’s first in 15 years.
This will increase to 7.9 percent in 2017 and fall to 4.2 percent the next year, it predicted.
Qatar’s economy is expected to continue to expand, but growth will slow — from 3.9 percent this year to 3.2 in 2018, the MDPS predicted.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar warns of cost overruns delays in infrastructure works Arab Today, arab today qatar warns of cost overruns delays in infrastructure works

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar warns of cost overruns delays in infrastructure works Arab Today, arab today qatar warns of cost overruns delays in infrastructure works

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday