Qatar to invest in real estate, other sectors


(MENAFN) Qatar's government could attract a large number of domestic and foreign investors to invest in real estate, services, and retail and commercial sectors mainly, according to the Peninsula Qatar. H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, the Minister of Economy and Trade, said that demand for residential units is expected to reach 245,000 units by 2017. Sheikh Ahmed added: 'Qatar is still facing challenges in the real estate sector. In the lead up to the World Cup 2022, Qatar needs to build 12 eco-friendly stadiums costing USD32 billion, pave roads and streets worth USD20 billion, construct 45 thousand hotel rooms and complete the Msheireb project costing USD5 billion, as well as other real estate projects such as Qatar Rail, Doha metro and the deep sea port project."


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