Qatar will spend up to $13 bn on infrastructure projects in 2017 despite a drop in revenues due to a low oil price, said Finance Minister Ali Shareef Al Emadi on Tuesday, reported The National.

According to the minister’s speech at the Euromoney conference in Doha, the new investments reiterate Qatar’s commitment to achieving its goals, predicting a GDP growth of 3.4%, in line with the IMF’s predictions.

Most of the investments will be in construction and transport while the country gears up for the 2022 World Cup. CEO of Qatar National Bank Ali Ahmed Al Kuwari affirmed that construction would account for 45% and transport for 30% of investments between 2015 and 2018.