Ali Sharif Al Emadi, Qatar's Finance Minister revealed that the private sector in Qatar is growing by about 6 percent in 2018 despite the volatile oil prices.
"The Qatari economy witnessed an exit last year (2017) but the year 2018 was a good year and most of the growth came from the private sector," Al-Emadi said during a speech at the opening of the “Doha 2018 Forum”.
The Qatari Minister of Finance discussed the ways in which this growth has been achieved. Most notably, the energy which plays a key role in providing a sustainable economy, stressing that 40% of energy exports have found their way into emerging markets.
Qatari public sector institutions, which include its sovereign wealth fund, have pumped more than $ 40 billion into Qatari banks in the first months following the diplomatic row with Saudi Arabia and its allies to help the banking sector cope with the impact of money outflows.
Source (Economic Bulletin Website, Edited)
