Qatar plans to spend $27.5bn to upgrade its road system.
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Qatar’s will award big contracts this year as the government initiates a major infrastructure upgrade of the country’s road network. Qatar has one of the GCC’s busiest road markets to date, with contracts valued $1.8bn awarded so far.
The country’s infrastructure was propped up by two major awards, the $640m project awarded to UAE’s Al Jaber Group for package 13 on the Doha Expressway and the $961m awarded to South Korea’s Hyundai Engineering & Construction for the Lusail Expressway.
According to MEED Projects, spending on future projects will significantly increase this year as more than 30 highway projects, valued at $27.5bn, are awarded.
Qatar’s transport sector, including details of potential contract awards, will be discussed at the forthcoming Qatar Projects 2013 conference – under the patronage of the Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada.
Supported by Qatar’s Ministry of Trade and Business, Qatar Chamber and Public Works Authority (Ashghal), the conference will take place at the Grand Hyatt Hotel in Doha from February 17 to 20.
“The year 2013 onwards presents bigger opportunities to do business in Qatar as the country enters the next critical phase of its preparations to host FIFA World Cup in 2022. said Edmund O’ Sullivan” Chairman, MEED Events, organisers of Qatar Projects 2013, the Peninsula newspaper.