Keyword:
Category:
Add Your Listing

Qatar's investment in infrastructure to reach $150bn


Qatar's investment in infrastructure is anticipated to reach about $150bn over the next few years leading up to the 2022 FIFA World Cup, according to a new report.

The report, published by First Qatar Real Estate Development Company, signals continued evidence of Qatar's construction growth despite the drop in oil prices, driven by the National Vision (QNV) 2030 - the country's economic diversification policy - as well as the rapid approaching deadline for the 2022 FIFA World Cup.

In fact, Qatar is projected to witness a super-normal pace for the next 5-7 years, having already validated a huge boom in the construction sector resulting in a large number of infrastructure projects, according to Qatar Investment Fund.

The country has set an investment programme which includes more than 700 individual projects of more than $30bn to be implemented.

This investment will include $20bn in roads, $40bn in railways, $4bn in stadiums, $8bn on a deep-water seaport and about 10,000 hotel rooms to be built in the upcoming years.

Qatar has set the benchmark for the construction industry in terms of quality and number of contracts awarded in infrastructure.


Source : www.thebig5hub.com
Posted on :3/14/2016