Opportunities worth US$106b snapped up by construction and architecture firms
Qatar is seeing an influx of European construction companies vying to take advantage of the US$106 billion of major projects ahead of the 2022 World Cup.
The migration has been particularly evident among construction and architecture firms, according to MEED’s 2011/12 Qatar Projects report. The latest architecture practice to win a contracts in Qatar is British firm Atkins, which was awarded a $107 million contract early January 2012 to set up a Central Planning Office for infrastructure and transport contracts. It is Atkins’ second contract win in the country.
The report also states there will be “significant investment” in oil and gas, heavy industry, electricity generation and water desalination, social infrastructure and transportation links.
“More European architecture and construction firms are expected to head to Qatar as it invests heavily in building a world-class infrastructure system both for the FIFA World Cup Finals in 2022 and for Qatar Vision 2030,” said Edmund O’Sullivan, chairman for MEED Events, which organizes the Qatar Projects conference.
Speakers at the 2012 conference next month will include Ashghal (public works authority) president Engineer Nasser Ali al-Mawlawi and Engineer Saad Ahmed Ibrahim al-Mohanadi, CEO of Qatar Rail.