New Construction market report from Business Monitor International: "Qatar Infrastructure Report Q3 2012"
Boston, MA -- (SBWIRE) -- 08/21/2012 -- BMI View: There are construction and energy projects worth US$150bn in the pipeline, which are being implemented to support Qatar's ambitious 2030 Vision and the 2022 FIFA World Cup. We believe Qatar's construction industry will maintain its position as one of the region's top performing markets. With vast hydrocarbon wealth inflating public coffers and a business environment offering stability at a time of wider regional unrest, we expect Qatar's construction market to be regarded as a safe haven for the region's investors. We estimate that the sector grew by 9.3% in 2011 in real terms and our outlook for 2012 is similarly bullish, with year-on-year growth of 9.5% forecast for 2012.
View Full Report Details and Table of Contents
Key developments in Qatar's infrastructure industry include:
- According to a statement on October 25 2011 by the Minister of Economy and Finance, Yousef Hussein Kamal, Qatar's spending on infrastructure is expected to reach US$150bn ahead of the 2022 FIFA World Cup, in line with the country's 2030 Vision. A series of infrastructure projects are in the pipeline, including: a US$1bn transport corridor project in Doha; a US$20bn investment in roads; US$25bn to be invested in railways; US$15.5bn to be spent on a new airport; US$4bn to be invested in stadiums; US$8bn to be spent on a deepwater seaport; tens of thousands of hotel rooms to be built; and even a new city.
- In July 2011, the Public Works Authority of Qatar announced a road construction plan to connect Ras Laffan Industrial City with University Road and the Shamal Road, providing three lanes in each direction. The plans were unveiled as part of a larger scheme to build roads around the western and northern borders of the Ras Laffan Industrial City.
- The first phase of the Ras Qartas energy plant was completed in August 2011. The US$4bn plant will generate 2,730MW of power and 63mn gallons of desalinated water. The plant will supply the Qatar General Electricity and Water Corporation (Kahramaa) under a 25-year contract. The production will then be used to feed the local network or the GCC electricity link-up system. The development marks the commissioning of the biggest electricity generation plant in the country.
- Work has begun on the US$1.37bn Doha Festival City project. This is just one of a series of flagship projects that have got under way in Qatar since the country was awarded the FIFA 2022 World Cup in December 2010.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Construction research reports at Fast Market Research
You may also be interested in these related reports:
- Canada Infrastructure Report Q3 2012
- United States Infrastructure Report Q3 2012
- Turkey Infrastructure Report Q3 2012
- Colombia Infrastructure Report Q3 2012
- Mexico Infrastructure Report Q3 2012
- Taiwan Infrastructure Report Q3 2012
- Poland Infrastructure Report Q3 2012
- South Africa Infrastructure Report Q3 2012
- Oman Infrastructure Report Q3 2012
- Brazil Infrastructure Report Q3 2012