Qatar Projects

400 billion size of infrastructure projects in Qatar until 2030

21.09.2011  

Mr. Mohammed bin Ahmed Obaidli board member of the Chamber of Commerce and Industry of Qatar and Chairman of the Business Council that the number of foreign companies have indicated a willingness to enter into infrastructure projects in Qatar in the thousands, pointing out that the draft trains alone made ​​him nearly 2000 companies worldwide, including companies local.

He noted in a press statement on the sidelines of the European Conference of the infrastructure in Qatar 2011 yesterday that the private sector the country does not qualify to open the way for Gulf companies to work 100 percent in the local market, pointing out that some foreign companies have implemented projects increased by 100% since more than 5 years, pointing out that the lesson is not to open the door to foreign companies or the Gulf, but in getting the projects, and said that the private sector demands that there be a priority in winning tenders to local company.

He praised Obaidli some companies required to enter a local partner in the projects implemented by the Foreign companies, such as Musheireb real estate company, and Rail Company, where required in the implementation of
Rail projects to enter the local companies as a partner with foreign companies and not be less than the contribution of the local company for 180 million riyals, and said that this is a positive wish the Qatari private sector to be circulated to the rest of the corporate institutions such as occupancy and Qatari Diar, Qatar Petroleum and others.

He said that the Chamber represents the private sector and participate in this conference to stimulate the private sector role in infrastructure projects, pointing out that he will pay the $ 200 billion on infrastructure projects during the coming period has also been allocated a budget of $ 15 billion annually for road projects only, pointing out that the Qatar has become the focus of attention of all.

For his part, Mr. Asser Mshkour head of investment banking bank Qinvest. The size of infrastructure projects that Qatar plans to implement during the coming years in the Qatar National Vision 2030 to about $ 400 billion, pointing out that half of this amount is equivalent to about $ 200 billion on the development of oil and gas sector, while the other half spent the rest of the infrastructure projects both in the real estate sector or other sectors.

In Press Releases that the projects earmarked for 2022 World Cup is a fraction of these projects, pointing out that there is confusion among some between the projects, the World Cup and projects planned by the state within the Qatar National Vision 2030, as all projects will be implemented in the coming years within the context of national Vision 2030, and part of those projects, projects dedicated to the World Cup.

He said that the most prominent projects in the Qatar National Vision 2030 include the development of the City of Lucille and the bridge Qatar, Bahrain, Doha Port and other new other projects worth a total around 200 billion dollars.

Mr. Mohammed bin Ahmed Obaidli opened yesterday morning, Grand Hyatt Hotel in the conference which was attended by representatives from a number of European companies on the subject of infrastructure, he said in his opening speech that the accelerated development in the country, especially in infrastructure creates business opportunities for many different, especially as the Qatar has become an attractive investment in the region after the crisis currently afflicting the world today by the European and U.S. debt. The Obaidli Qatar since winning the bid for the World Cup in 2022 has attracted attention towards it because of the huge projects that offered in all areas, whether it comes to building stadiums, hotels, roads or infrastructure of ports, airports, railways, calling during the opening session of the local private sector to establish a partnership effectively with foreign companies. During the opening session provided Chamber of Commerce and Industry of Qatar made a presentation on the business climate and opportunities for the private sector domestic and foreign, and the offer was made by Mr. Ali Hussein, head of research and studies in the Chamber of Commerce and Industry of Qatar indicating that the size of the economy amounted in 2010 to 126.5 billion dollars, achieving this rate of growth reached 16% and confirmed that the per capita in Qatar GDP reached in 2010 about 74.423 dollars, stressing the state's efforts in the fight against inflation, which amounted to 1%, and pointed Hussein during the presentation to government concessions offered by the foreign investor, the most important reduce the tax rate on profits to 10% and is thus one of the best privileges between the Gulf and in the view that foreign investors can own 100% in the number of sectors..

He stressed that the price of electricity in Qatar provided to companies is the best price Gulf almost with a 0.027 dollars per kilowatt per hour as the price of water is about 1.2 dollars per centimeter of water, and considered that the Qatar region is semi-free as the tax of not more than 5% and praised Hussein Oasis Qatar technology that contains a large number of international companies in research and others, noting that the huge reserves of Qatar, about 900 trillion cubic meters, will qualify to complete the entire infrastructure.

The chamber said that Qatar is poised for huge projects in the tourism sector which will create about 80 thousand hotel rooms by the end of 2016, pointing out that he will be the completion of a large number of mega projects like the port of new amount of a cost of 6.86 billion dollars in 2015, and a bridge of love link between Qatar and Bahrain and the $ 4 billion and be completed
Occupancy in 2015, indicating that the total length of railway in Qatar would be about 615 km including 45 km bridge to love a cost of $ 25 billion dollars.

The National Development Strategy of Qatar has shown that Qatar plans to invest more than $ 125 billion on construction projects and energy during the next five years and is expected to continue the country's economy OPEC member to achieve strong growth. Increased Akbari exporter of LNG in the world, spending 2012 with the support of height - the government in fiscal year 2011 oil prices and the recent expansion in the production of natural gas. And expect a development strategy which summarizes the plans of Qatar between 2011 and 2016 the growth of the economy. 15.7% in 2011 and in his paper at the conference as Mr. captivating Mhkour head of investment projects Bank QInvest that the government strategy for the implementation of the New Doha International Airport and the new port and the city of Lucille will be completed by 2015 and the estimated cost of about $ 31 billion, and that the transport logistics, including the railway iron, metro, roads and bridges will be completed in 2019 with investments of up to $ 50 billion.

He said that the liquidity available in Qatar and that the sovereign rating puts it in a comfortable, where the ratio of debt the country representing 11% of the GDP and occupies it. (Second Gulf after Oman (4% dealt with the first working session challenging financing infrastructure projects and aspirations for the next decade, The session was on the second working subject of the impact of diversification of industry to the prosperity of the infrastructure and business growth and the role of key players in the financial sector and services. The session was on the third work to invest in sustainable energy sector in Qatar, while the last session subject of major investments in strengthening the infrastructure of the transport sector

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