BMI remains positive on the outlook for new vehicles sales in Qatar, forecasting a further 17% rise in 2013, to take annual sales to nearly 100,000 units, with risks to our forecast very much weighted towards the upside. Although our Country Risk team believes that GDP growth will slow from an estimated 6% in 2012, down to 5% in 2013, this is still a strong number. Encouragingly for the longer-term development of the Qatari economy, we believe that growth will be largely driven by the non-hydrocarbon sector over 2013. In particular, expanding domestic consumption and progress on infrastructure investments, both …
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