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Qatar .... to push through key projects such as the $45-billion
Qatar Rail and Doha Metro.

Qatar to spend $205bn on infrastructure

DOHA, October 21, 2014

Qatar is set to spend as much as $205 billion on infrastructure over the next four years, prioritising sectors such as housing, transport infrastructure, power, water and sewage facilities, said experts.

In spite of growing storm clouds over the global economy, Qatar is set to push through the billions of dollars’ worth of infrastructure investment in the coming years, according to senior economists and banking leaders.

The economic opportunities generated by this investment boom – for local, regional and international banks – will be under scrutiny at the upcoming Euromoney Qatar Conference, set to run in Doha from November 24 to 25.

In a special session at the event, called “Understanding the Next Phase of the Qatari Economic Story,” senior banking figures from Qatar and international finance experts will look at Qatar’s requirements for the coming years, and ask how the nation will continue to fund its ambitious growth programme.

While government spending has provided the foundation for infrastructure investment in recent years, there are growing opportunities for regional and international lenders to play a role in funding, particularly through Shariah-compliant financing mechanisms, said the experts.

The event will examine some of Qatar’s largest infrastructure initiatives, such as the $45-billion Qatar Rail project, Doha Metro and New Doha International Airport (NDIA) campus projects, and also discuss ways to tap new sources of finance to support these projects.

In addition, the panel will examine the changing institutional and regulatory climate in Qatar, and ask how this evolving environment will impact international players.

With support from major sponsors including supporting body Qatar Financial Markets Authority (QFMA) and senior lead sponsor Qatar National Bank, the event is set to provide an important insight for finance leaders looking to understand the future development path of one of the world’s fastest-growing economies.

For local and regional banking executives, it will provide an important opportunity to network with globally-recognised banking giants.

Richard Banks, the regional director, Euromoney Conferences, said: “The Qatar event has grown in size because of the calibre of the speakers, and also because of the intense interest in the country as a dynamic investment hub."

"Given the significant changes that Qatar has witnessed in recent months, combined with the rising international attention it has received, we believe this year’s event has the potential to be the most interesting to date," he added.

This year's conference will be addressed by Qatar's Minister of Finance Ali Sharif Al Emadi and Qatar Central Bank governor Sheikh Abdullah bin Saud Al Thani.-TradeArabia News Service




Tags: Qatar | Infrastructure | Projects |

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