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Nearly $285bn worth projects underway in Qatar

The outlook for project market from now until 2020 seems strong, as there are at least $285bn worth projects that are either planned or underway, according to latest data from MEED Qatar Projects 2014 Conference.

The project activity is based on Qatar’s preparations for the FIFA World Cup 2022, but, the series of projects form part of the plan for economic road map Qatar National Vision 2030.

Qatar has undertaken several mega projects to achieve the National Vision, and significant investments are being poured in to improve transportation and shipping infrastructure, including building the New Doha International Airport, the New Doha Port, and other mega cities such as Lusail and Msheireb, said Chairman of MEED events, Edmund O’Sullivan, the organizers of the two-day conference to be held at Grand Hyatt, Doha. About 85 or more international and regional experts would be in Doha to provide insights and clarity on the project opportunities across Qatar’s infrastructure, gas, power and water sectors, oil and transport sectors.

The next few years would be critical for Qatar’s project market and the economy as a whole. The project spending will have a major impact on the country’s growth initiatives and the success of the projects. The key panel sessions at the conference will assess the funding options for contractors in financing mega projects programme. The discussions will involve the role played by financial institutions, regional and international banks, including in funding Qatar’s projects.

The session will benefit contractors and developers as the key lending criteria are discussed by the banks. Various contractor financing schemes developed by financial institutions will also be discussed.

The Unit Manager at Mashreq, Mustapha Guettouchi, who is also one of the featured panellists, said that the major project activity is supported by government investments and will also require private sector involvement, with financing being a critical element for delivering these projects.

Banks will play a major role, but contractors have other options too such as capital market and sukuks, said Mustapha Guettouchi, Unit Manager at Mashreq, who is also among the featured panellists.

Posted on 18/3/2014

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