Qatar economy to rise by 7.7pc in 2015

Qatari economy is projected to grow by a robust 7.7 percent next year despite the pressure on oil prices. The predicted growth rate in 2015 would be Qatar's fastest expansion since 2011 and an acceleration from 6.3 percent estimated for this year. An update of "Qatar Economic Outlook 2014-16" released by the Ministry of Development Planning and Statistics (MDP&S) yesterday noted little change is expected in 2016, with growth of 7.5 percent. In 2015, with momentum still gathering in non-hydrocarbons, the sector's share of GDP will overtake that of oil and gas, and continue rising in 2016 and beyond.