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HomeEconomyIMF says Qatar labour costs will go upBulldozers operate on a road under construction near Doha Towers

Bulldozers operate on a road under construction near Doha Towers

Bulldozers operate on a road under construction near Doha Towers

Bulldozers operate on a road under construction near Doha Towers June 25, 2013. Qatar’s real estate developers are struggling even as the country embarks on huge infrastructure building plans – a warning to investors that despite the billions which the Gulf state is throwing around, they won’t necessarily profit. A $7.1 billion state financial support package announced last month for Qatar’s largest listed developer, Barwa Real Estate and the restructuring of other top developers such as United Development Co and state-owned Qatari Diar, highlight the industry’s weakness. Picture taken June 25, 2013. To match story QATAR-PROPERTY/REUTERS/Mohammed Dabbous (QATAR – Tags: BUSINESS REAL ESTATE CONSTRUCTION)

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