Qatar is the third largest projects market among the GCC countries behind Saudi Arabia and the UAE. All sectors in Qatar enjoy exceptional growth.
Beside the construction sector which holds major projects, transportation has major projects in the country as a lot of infrastructure developments are done in connection with the upcoming football World Cup in 2022. There are $90bn worth of planned and announced projects still to be awarded. Transportation sector takes a lion's share of leading projects in the country with the metro-rail, expressway and Doha Bay initiatives. In addition, many major projects also could be awarded this year.
In 2012, $14bn worth projects were announced.
As for the major projects, the metro will be 358km in length and it is expected that $35bn will be needed to complete the whole project. Similarly, Ashghal will be investing QR50bn for the drainage projects over next 5-7 years. There are a total of 221 projects related to drainage by Ashghal.
As for the top contractors and clients, while the leading contractors in the country are IGC and Hyundai, Ashghal is the top client followed by Qatar Foundation, Qatar Petroleum and Qatari Diar. The major construction activities in the coming years will be by Qatari Diar, Barwa, Dohaland.
There will also be the construction of 12 stadiums and 240 hotels in connection with the 2022 Fifa World Cup. The hotels will be located with 20 kilometers of the stadiums.
ifpinfo
27 February
