ISO 9001:2008 CERTIFIED NEWSPAPER El Jaish and Lekhwiya reach semis Sport | 28 Thursday 4 December 2014 • 12 Safar 1436 • Volume 19 Number 6269 www.thepeninsulaqatar.com
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[email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Private sector must take lead role: PM Oil price fall a cause of concern, Premier tells businessmen BY MOBIN PANDIT and opportunity in economic activities.” its role, said the Premier. rate to 12 percent this year. MOHAMED OSMAN The PM, who also holds the One of the main issues the This key sector will continue interior ministry portfolio, was government is working on is to with its upward march until its DOHA: Fluctuating world oil speaking during his maiden make land available for different ratio to the GPD has reached 50 prices are causing alarm and interaction with the business purposes, among other things percent. prompting Qatar to rise up to community at the Ritz-Carlton for housing, including labour As for the GDP itself, its the occasion and speed up its last evening. accommodation, industries, growth this year is expected to diversification effort, the Prime The meeting was held by Qatar warehouses, commercial activi- be 6.2 percent. Next year also, Minister said yesterday. Chamber, the representative ties, food security projects, health despite falling global crude H E Sheikh Abdullah bin body of the private sector. and education. prices, the GDP is likely to grow Nasser bin Khalifa Al Thani told The PM said effective policies Various ministries have been five to six percent. businessmen that the time had were being framed and imple- asked to estimate the require- The government is bolstering come to promote the private sec- mented to improve the com- ment of land for the above pur- the non-hydrocarbons sector tor and rely on it for economic petitiveness and productivity of poses over the next five years.