Future Interiors Qatar 2016
 
Sunday, June 26, 2016
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

Qatar uses 3D printers to make World Cup stadiums ‘desert-proof’
Reuters, 24 June 2016

Scientists at Qatar University are testing 3D-printed models of football stadiums that Qatar is building for the 2022 World Cup to see if they can endure the ...

Read full story
Qatar uses 3D printers to make World Cup stadiums ‘desert-proof’
GCC fuels $100 billion in airport construction projects
Khaleej Times, 24 June 2016

The GCC is fueling $100 billion in airport expansion and construction projects on the back of a projected around five per cent annual surge in passenger numbers ...

Read full story
GCC fuels $100 billion in airport construction projects
Back to Home Page 2379 --- 418 <><><> 966.5.....exvideo=0....eximage=0
P 0
BR 19

Future Interiors Qatar 2016

 

 
3rd Annual Future Interiors Qatar
5 - September 2016
TPLA Experience Tech UAE
5 - September 2016
2nd Annual Solar Projects Egypt
6 - September 2016
2nd Annual LightingTech Egypt
26 - September 2016
2nd Annual Smart Parking UAE
28 - September 2016
 
  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%
 

Solar Projects Egypt 2016

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  3rd Annual Future Interiors Qatar - 5 September - 6 September 2016  
  Hospitality Qatar - 18 October - 20 October 2016  
  3rd Annual Future Landscape & Public Realm Qatar - 24 October - 25 October 2016  
  3rd Annual Future Drainage & Stormwater Networks Qatar - 5 December - 6 December 2016  
  Project Qatar - 8 May - 11 May 2017  
  Qatar StoneTech - 8 May - 11 May 2017  
  Heavy Max - 8 May - 11 May 2017  
IFP Group Events Calendar

 


Notice: Undefined variable: left3 in C:\inetpub\wwwroot\rec2008\ifpinfo\ifpinfo-news.php on line 1545

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
Energy Lebanon
Project Lebanon
Qatar
3rd Annual Future Drainage & Stormwater Networks Qatar
3rd Annual Future Interiors Qatar
3rd Annual Future Landscape & Public Realm Qatar
Heavy Max
Hospitality Qatar
Project Qatar
Qatar StoneTech
Iraq
Energy Iraq - Erbil
Erbil International Fair
Iraq Agro-Food - Baghdad 2016
Iraq Agro-Food - Erbil
Medicare Iraq Erbil
Project Iraq - Erbil
Saudi Arabia
PMV Series at Saudi Build
Saudi Agriculture
Saudi Agrofood
Saudi Build
Saudi Power Sports
Saudi Stone-Tech
Saudi Transport
Riyadh Motor Show
 
 
  IMC
IFP Group 2016 - © All rights reserved