Future BMI 2017 Qatar
 
Sunday, February 26, 2017
Directory Directory Subscribe
Login
 

Qatar to award $22 billion World Cup 2022 contracts in 2016

 
 

Please, enter data

Please, enter data

PR, 8 February 2016

Qatar is set to award more than $22 billion worth of new contracts in 2016 as it maintains its spending spree in advance of the Fifa 2022 World Cup, said a report by regional projects tracker Meed Projects, ahead of a key industry event.

With more than $30 billion worth of projects either planned or under construction, Qatar's Public Works Authority (Ashghal) is a key stakeholder in the country’s future development, it stated.

Its prime projects include the $10 billion-plus expressway and local roads and drainage programs, the Inner Doha Re-Sewerage Implementation Strategy (Idris); and the major public buildings program which are under way. 

The others set to be awarded or tendered this year include the first phase of the $15 billion long-distance passenger and freight network, and the estimated $2 billion expansion of Hamad International Airport, stated the report.

According to Meed Projects, the forecast of $22.2 billion contracts this year is about 24 per cent less than the $29.3 billion deals awarded in 2015, primarily due to lower oil prices but also thanks to a renewed focus on existing project delivery rather than the launch of new schemes.

However, this year’s figure is also almost exactly in line with Qatar’s $22.3 billion contract award average experienced over the past five years, stated the report.

All these projects, along with many others comprising the over $200-billion worth of projects in the pipeline, will be presented at the event to be held at the St Regis Hotel, Doha from March 15 to 16.

"Like all GCC states, Qatar is set to spend less this year as government revenues are impacted by lower oil prices," stated Ed James, the director of content & analysis at Meed Projects, which created the forecast.

“Nonetheless, the projects market in the state is expected to continue apace as the authorities press ahead with their capital investment plans as the deadline for the World Cup looms closer. This will ensure a healthy pipeline of new projects will come to the market throughout 2016, providing numerous new opportunities for suppliers, contractors and vendors alike,” he stated.

Press release
8 February

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Kuwait completes construction of schools in Iraq
Kuwait News Agency, 24 February 2017

A Kuwaiti charity organization has launched three schools in the central Iraqi city of Ramadi, about 110km west of the capital, Baghdad.

The ...

Read full story
Kuwait completes construction of schools in Iraq
Positive momentum established in Jordan’s tourism industry
Oxford Business Group, 24 February 2017

Year-end tourism figures released by the Jordanian authorities suggest the sector is stabilizing after a contraction across a number of indicators in 2015, with ...

Read full story
Positive momentum established in Jordan’s tourism industry
Back to Home Page 2379 --- 418 <><><> 966.5.....exvideo=0....eximage=0
P 0
BR 19

LIGHTINGTECH QATAR 2017

 

 
3rd Annual RetrofitTech UAE Summit & Awards
20 - March 2017
3rd Annual Future BIM Implementation Qatar
20 - March 2017
2nd Annual Smart Parking Qatar
10 - April 2017
Future Play & Playspaces GCC
17 - April 2017
Future Drainage & Stormwater Networks KSA
18 - April 2017
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Smart Parking Qatar 2017

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Agriteq - 22 March - 25 March 2017  
  Project Qatar - 8 May - 11 May 2017  
  Qatar StoneTech - 8 May - 11 May 2017  
  Heavy Max - 8 May - 11 May 2017  
  Hospitality Qatar - 7 November - 9 November 2017  
IFP Group Events Calendar

 


Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Beirut Boat
Energy Lebanon
Project Lebanon
Qatar
Agriteq
Heavy Max
Hospitality Qatar
Project Qatar
Qatar StoneTech
Iraq
Energy Iraq - Erbil
Iraq Agro-Food - Erbil
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2017 - © All rights reserved