MANAMA : Qatar plans to spend as much as $205 billion on infrastructure between 2013 and 2018, the acting head of project finance at the state's largest lender said yesterday, as the country invests its vast hydrocarbon wealth in a development boom. The GCC state is spending billions of dollars in areas such as transport, electricity and water generation and housing, in an effort to improve its economy. The government has been ramping up its own spending as part of this push. The budget for fiscal 2013/4 is up 17.9 per cent to 210.6bn riyals ( $57.8bn ), thanks to wealth accrued as the world's largest exporter of liquefied natural gas. Much of the planned infrastructure spending will be financed by the government level. But significant funding still needs to come from both local and international lenders, said Yusuf Saeed , acting head of global structured finance at Qatar National Bank .
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