Oryx to supply 2m tonnes quarry products to Qatar
DOHA, August 21, 2015
Fujairah-based Oryx Industries is set to supply Qatar Primary Materials Company (QPMC) with two million tonnes of quarry products to meet the growing demand in Qatar's construction sector, according to a report.
It signed a new offtake agreement with QPMC for the delivery of the quarry products, said The Peninsula report.
"We are seeing a strong resurgence in demand for construction projects across the GCC markets, nowhere more notably than in Qatar,” Bader Al Khashti, general manager, was quoted as saying.
The demand for building materials in Qatar is forecast to grow amid a spate of mega infrastructure projects, said the report.
A major driver of the impending construction boom is the World Cup 2022, it said.
Qatar will spend more than $200 billion on building projects ahead of the tournament, including at least eight new sports stadiums. The other is the Doha Metro project expected to see its first phase completed in 2019, it added.
