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Islamic Finance Briefing - Categorized | Financial Instruments (Credit Cards, Debts, Loans, Mort, Investment more

Qatar may tap debt markets to boost tourism

Posted on 10 November 2009

From Maktoob.com: Oil-rich Qatar may look to tap the debt markets as it seeks to host major sporting events in a bid to attract tourists, the chairman of the country’s tourism authority has said.

In an interview with Zawya Dow Jones, Qatar Tourism Authority Chairman Ahmed Al Nuaimi said the tiny Gulf state would look to pump $17 billion into infrastructure projects over the next five years to support tourism, as well as building up to 30,000 hotel rooms by 2012………………………….Full Article: Source

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