4 Jan 2002 – The Gulf state of Qatar is to invest $19bn in energy projects over the next five years said Energy and Industry Minister HE Abdullah bin Hamad al-Attiyah, in a local newspaper this week.

Attiyah told the Qatari daily Al-Sharq that the government will finance a number of major gas, petrochemical and electricity projects, which are open to both local and foreign investors.

Doha offers facilities and big exemptions to attract entrepreneurs, he said.

Investments in the energy sector totalled $28bn over the past five years, and Qatar expects another $19.2bn of investments in the next five years and 27.4bn in the next 10 years, Attiyah said.