Qatar’s economy could grow up to 20 percent in 2011

While the United States is struggling to wake up from the last economic crisis — the results of midterm elections are proof of that — some countries are in a very enviable position.

 

Qatar, a country rich in oil in the Middle East, has wind in its sails. In an article in the Arab Global Network, the finance minister said the country’s economy could grow by 20 percent in 2011.

 

This exceptional growth reflects the resumption of oil exports, and also a desire expressed by the government of Qatar to invest over 150 billion U.S. dollars in a plan that will stretch their economy through the year 2030.

 

For example, Qatar wants to host a World Cup, but it also wants to fund new hospitals and turn its education system into one of the best in the world.

 

This announcement comes at a time when the country is in turmoil because of the discovery of suspicious packages in Yemen that were destined for Jewish organizations in Chicago. The parcels traveled through Qatar before arriving in the United Arab Emirates. Local Officials have been criticized for not finding the bombs in transit.

 

Submitted by Jean-Virgile Tassé-Themens

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