(MENAFN) Qatar is planning to invest USD182.21 billion in infrastructure, avoiding projects in oil and gas sector, in the next five years, Minister of Economy and Trade said yesterday, The Peninsula Qatar reported.
The building materials manufacturing sector is significant in Qatar especially during the remarkable growth in the construction and real estate sector, the minister said while pointing a conference organized by the GCC and Yemen building materials manufacturers.
The minister added that it is expected to have an exponential rate of building materials manufacturing activities to execute infrastructure mega projects. The estimated value of the projects to be executed in the five coming years is USD182.21 billion excluding oil and gas projects or private sector ventures.
He said that there were 432 building materials manufacturing institutions in Qatar worth USD2.85 billion and they were employing 36,400 individuals in the areas of cement, gypsum, sand, stones, glass and fiber glass used in building and plastic materials used in the manufacture of pipes and insulating materials, dyes, construction chemicals, and metal industries such as iron and aluminum used in the manufacture of construction materials.