Qatar infrastructure spend to hit $24bn in 2014
Doha, 22 days ago
Qatar will witness a significant rise in project activity this year with contract awards for big infrastructure projects likely to hit $24 billion, said an expert ahead of an industry event in Doha.
The Qatar’s projects market accelerated in 2013, overtaking the UAE in terms of contract awards midway through the year with $12.2 billion in new awards, the bulk of which came from the multi-billion-dollar tunnelling packages awarded as part of the Doha metro project, stated Edmund O’ Sullivan, the chairman of Meed Events, the organisers of the Qatar Projects 2014 show to be held next month.
More than 400 local, regional and international stakeholders will discuss the latest developments, timelines, and procurement requirements to successfully win contract bids in Qatar’s growing projects market, he stated.
"We have structured the programme in 2014 a way that will help attendees learn directly from senior decision-makers about the upcoming project opportunities in Qatar as well as address key challenges and achievements made thus far," remarked O’ Sullivan.
Supported by the Public Works Authority (Ashghal), the 2014 Qatar Projects Conference will feature over 90 speakers and two dedicated streams, focusing on commercial opportunities emerging from Qatar’s infrastructure & transportation and the oil, gas, power and water sectors.
Conference attendees will hear the latest details on projects to be awarded over the next five years and the stakeholder’s plans towards fulfilling Qatar’s National Vision 2030.
The keynote address will be delivered by Sheikh Abdulla Saoud al-Thani, Governor, Central Bank of Qatar, while Ali Al Kuwari, the acting group CEO, Qatar National Bank is the designated headline speaker.
Also top officials from the Ministry of Municipality & Urban Planning, Supreme Council of Health, ExxonMobil, Nakilat, Total and Schlumberger will address the gathering.
These speakers will present project commercial opportunities tied to Qatar’s massive road, ports, rail, construction and social infrastructure plan worth over $62.2 billion, said the organisers.
After having successfully completed its 20-year investment programme to develop its natural gas resources in 2011, becoming one of the world’s most important energy producers, Qatar has embarked on an infrastructure investment programme in its non-oil and gas sectors driven by the Qatar National Vision 2030, said O' Sullivan.
The Infrastructure & Transport stream features Qatar’s road, rail, ports, airports, healthcare, real estate and details project delivery strategies to deliver Qatar’s Investment programme.
The Energy & Utilities stream highlights Qatar’s plans to grow the downstream sector with the investment into project said to be over $13 billion. The main utilities authorities will also outline their plans to meet power and water demand over the next 5-10 years.
Qatar currently has $16.5 billion worth of upstream oil schemes at various pre-execution phases. Given maturity of Qatar’s oil assets, the planned redevelopment of various offshore fields is set to offer commercial opportunities for oilfield service companies, front-end-engineering-designers (FEED) engineering-procurement-construction (EPC), refining experts, technology providers and downstream marketing executives.
Adhering to the Qatar National Vision 2030, Ashghal contributes to the economic and social development with projects covering roads, drainage, sewerage and buildings valued at $27.5 billion to be delivered within the next five to seven years, he added.
Qatar Projects Conference will be held at the Grand Hyatt Hotel, Doha from March 17 to 19.-TradeArabia News Service
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