12:00 AM, December 07, 2016 / LAST MODIFIED: 12:00 AM, December 07, 2016

Qatar to spend $13b on 'mega projects' in 2017

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Qatar will invest up to $13 billion in major infrastructure projects next year despite a slump in revenues resulting from low energy prices, the Gulf state's finance minister said on Tuesday.

Ali Shareef al-Emadi predicted growth of 3.4 percent in 2017, in line with an International Monetary Fund estimate and up from a projected 3.2 percent this year.

"Increasing the investment in mega projects reiterates the country's commitment to achieving its goals," Emadi told delegates at a Euromoney conference in Doha.

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