Significant investment in oil and gas, heavy industry and social infrastructure
A report published by MEED has calculated the total value of projects still to be awarded by Qatar adds up to US $106b, with the oil and gas, heavy industry, electricity generation, water desalination, social infrastructure and transportation industries leading the way.
The world’s richest nation, Qatar’s GDP will reach $111,963 by 2016, according to the International Monetary Fund (IMF).
At the end of 2011, Qatar’s Public Works Authority “Ashghal” awarded its largest contract for QAR40 billion with Hyder Consulting, Parsons Brinkerhoff, Atkins, CH2M Hill and consortium WSP and Khatib Alami-Lebanon.
It is expected the US$20 billion expressway programme and US$35 billion QRail project – the largest railway programme in history – will begin tendering in 2012.
Commenting ahead of the Qatar Projects conference, MEED Events chair Edmund O;Sullivan called the construction programme ‘extraordinary’.