Qatar to award $30bn projects by 2014
Doha, November 10, 2012
Qatar will see an upsurge in project tenders and awards in the next two years which is likely to hit $30 billion, as the country enters the next crucial phase of its preparations for the Fifa World Cup 2022 and its bid for the Summer Olympics in 2020, said an expert.
The wave of new projects to be awarded will be comprehensively discussed at the Qatar Projects 2013 conference organised by Meed Events and supported by the Ministry of Business and Trade.
“The next five years will showcase the critical developments that will transform Qatar as it steps up to deliver on mega, medium and small size projects," remarked Edmund O’ Sullivan, the chairman of Meed Events.
Since the announcement of Qatar’s winning bid for the Fifa World Cup 2022, there has been a huge frenzy in the projects industry, eager to capitalise on huge opportunities.
Some major contracts were announced, but a huge chunk of the projects are yet to be awarded.
The last two years, for most players, was a time of preparation; setting up new partners and securing financing. This year, as the Qatar Projects conference celebrates 10 years, it will set the industry abuzz with new project announcements, said Edmund O’ Sullivan.
"Qatar Projects is a must-attend event as it provides stakeholders access to information that will enable them to secure a piece of the nearly $60 billion worth of contracts up for grabs," she added.
The highlights of the premiere gathering of projects industry stakeholders from across the region include announcements of new tenders, bidding and awards as well as a comprehensive discussion of the solutions to the massive challenges currently faced by project owners, developers and contractors in Doha.
In addition to discussing the development and delivery of Qatar’s infrastructure projects in the lead up to World Cup 2022, other important discussions include assessing the investments required and the overall outlook for project financing in the next two to five years.
The winner of Meed’s inaugural “Qatar Projects Leadership Award” will be also recognised at the exclusive networking dinner to be held on February 18.
The ceremony will feature some of Qatar’s most innovative projects and showcase how these projects are significantly advancing economic diversification.-TradeArabia News Service
More Construction & Real Estate Stories
- Obayashi-HBK venture wins Doha project deal
- Bahrain halts digging at housing project site
- Strike won't affect projects says Arabtec
- Bahrain cuts new property registration cost
- IPIC to use $4bn pipeline payment to repay debt
- MMG appoints advisor for debt restructuring
- Dar Al Arkan to sell benchmark-sized sukuk
- Bahrain plans $52m spend on infrastructure
- Bahrain launches massive homes revamp
- Arabtec workers stage rare strike