Transportation sector likely to take the lion’s share of investment in the country
Qatar is the third largest projects market among the GCC countries behind Saudi Arabia and the UAE, according to the MEED Insight projects forecast for the GCC.
Ed James, head of MEED insight said: “It is not construction sector which holds major projects in Qatar. Transportation sector has the 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.
He added: “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 of projects were announced.”
James said that Qatar was expected to register between 7% to 10% economic growth in 2013. As for the major projects, he said: “The metro will be 358km in length and it is expected that $35bn will be needed to complete the whole project.
Ashghal will invest $13.7bn for drainage projects over the next five to seven years. James added that there will be a total of 221 projects related to drainage by Ashghal.