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Qatar investment up to $187bn in 2nd quarter of 2018

October 29, 2018 at 9:56 am

Government survey found that foreign investment in Qatar rose by 0.7 per cent – reaching 682.3 billion riyals ($187.45 billion) in the second quarter of 2018, the Anadolu Agency reported yesterday.

The survey, carried out by the Qatari ministry of planning and the Qatari Central Bank, showed that foreign investment rose by 4.6 billion of riyals ($1.26 billion) compared to the first quarter of 2018.

Foreign investment reached 677.7 billion riyals ($186.2 billion) in the first quarter of 2018.

The survey was based on data obtained from a number of the major private sector companies, which make up 84 per cent of the value of the direct foreign investment in the country.

On 5 June 2017, Saudi Arabia, the UAE, Bahrain and Egypt launched and economic boycott of Qatar accusing it of supporting terrorism, charges the Gulf state vehemently denies.

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