Qatar plans $550m support for small projects
Doha, February 11, 2009
Qatar plans to spend 2 billion rials ($549.7 million) to promote small to medium-sized projects in the country, the official Qatar News Agency reported.
A government-run body dedicated to smaller projects would be established under the plan, QNA quoted Commerce and Business Minister Sheikh Fahd bin Jassim Al-Thani as saying.
A study into what form the support should take would begin this year, Sheikh Fahd said, adding that Qatar's small and medium-sized companies had not been badly affected by the global financial crisis.
Earlier this month, the minister of state for energy and industry said Qatar's economy would expand about 10 percent this year as the world's largest exporter of liquefied natural gas continues to boost its gas production. - Reuters