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Qatar assures timely completion of FIFA World Cup projects

The Supreme Committee for Delivery and Legacy in Qatar has assured that Qatars preparations for the FIFA World Cup 2022 are on track.

Addressing an international audience gathering at the MEED Qatar Projects Conference 2014, Yasser Al-Mulla, the Project Manager at Al-Rayyan Precinct for the Supreme Committee, said that Qatar will issue 10 tenders this year for Project Managers and Design Consultants for the stadiums being built for the games.

Advanced stages of design works for the stadiums are underway and this year, at least five stadiums will begin works on foundations and constructions, he said.

Doha also plans to invest an additional $4billion on building stadiums pertaining to sporting infrastructure for the World Cup. The largest new stadium planned is the Lusail Iconic stadium, which will have a capacity of more than 86,000 people, and will be used for opening match and the finals. There will be at least 95,000 hotel rooms by 2022 from the present 15,000 rooms.

The Public Works Authority (Asghal) in Qatar revealed plans to launch $27.5bn worth expressway and interchange projects over the next five years, to supplement the more than $3billion worth of contracts already awarded this year. The road projects are likely to be completed by 2020. With these projects, Qatar hopes to reduce traffic congestion and ensure smooth traffic flow, as Doha prepares to host the world’s biggest sporting event.

The economy in Qatar will expand to 6.8 percent in 2014, according to Ali Al-Kuwari, the Acting Group CEO of Qatar National Bank (QNB), with capital investment infrastructure projects being the primary drivers of the growth.

At least 50 percent of the contribution to the GDP will come from non-hydrocarbon sector this year, and the banking sector will also play a major role in supporting the diversification of the Qatari economy by financing investment in infrastructure, Al-Kuwari said.

The Qatar Projects 2014 concludes on a high note, with project stakeholders gearing up for the busy schedule in the next few years, as tenders are being announced in the forthcoming months and with projects getting underway.

Posted on 26/3/2014

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