Project Qatar celebrates 10 years of outstanding business success in its 10th International Trade Exhibition for Construction Technology, Building Materials, Equipment and Environmental Technology, which will be held from May 6 to May 9, 2013 at the Doha Exhibition Center, Qatar. The show is organized by IFP Qatar and IFP Group.
Project Qatar has become a landmark event in the Middle East’s construction exhibitions, thanks to the ongoing support of various strategic partners in the business communities across the GCC and the world.
Why You Should Participate in Project Qatar 2013
Qatar has one of the fastest growing economies and the highest per capita incomes in the world, with the main economic stimuli being oil & gas, and their related industries.
Qatar's liquefied natural gas (LNG) industry has attracted tens of billions of dollars in foreign investments, making Qatar the world’s largest LNG exporter. Similarly, winning the bid to host the 2022 FIFA World Cup will have a lasting impact on the country’s real estate, construction, and finance markets as companies scramble to obtain a portion of the more than $150 billion in infrastructure projects needed before 2022.
The government has allocated 40 percent of its budget for infrastructure projects until 2016, stimulating the economy and creating substantial investment and trade opportunities for local and foreign businesses.
In the next decade, Qatar will invest an estimated $200 billion on roads, rails, ports and other infrastructure developments; as well as real estate, healthcare and sanitation projects.
Investment and Trade Opportunities in Qatar’s Construction Industry
Umm Slal Stadium 45,120 seat FIFA world stadium
The Amphibious 1000 $500 million luxury resort
Al Khor Stadium 45,330 seat stadium
Urjuan $35 billion city by BARWA
Al-Rayyan Stadium 4,740 seat stadium
Al Shamal Stadium 45,120 seat stadium
Al Wakrah Stadium 45,120 seat stadium
Doha Metro and Rail Network $35 billion project
Entertainment City Qatar 180,000 sqm in Lusail City
Al-Gharafa Stadium 44,740 seat stadium
Education City Stadium 45,350seat stadium
Doha Port Stadium 44,950 seat stadium
Khalifa International Stadium 68,030 seat stadium
Lusail City $18 billion mega project
Lusail Iconic Stadium 86,250 seat stadium
Msheireb Downtown Doha $5.5 billion new Downtown Doha
The World Cup is Driving Construction Growth
Construction on World Cup stadiums will begin this year, following the closure on a deal between the Qatar 2022 Supreme Committee and several major institutions, including Qatari Diar, Ashgal and Qatar Rail. During the World Cup, 12 stadiums will be used; nine of which are new and three that are undergoing expansion.
Five of the stadiums are currently undergoing planning or tendering, with soon-to-be-expected announcements on the remaining projects. In light of the increased demand for environmentally friendly utilities and buildings during the World Cup, the Qatar Green Building Council (QGBC) created a group to work on ensuring that existing and planned hotels meet green standards, including reducing carbon dioxide emissions and increasing waste recycling.
Hundreds of Major Projects are Undergoing Tendering, to be and completed by 2017
Qatar is making all efforts to complete the major infrastructure projects such as bridges, tunnels, carriageways and intersections by 2017. This includes 400 bridges and tunnels, 900 kilometer carriageways, 240 intersections and 31 other projects.
Consequently, the country will witness an upsurge of proposed and awarded projects in the next two years as the country enters the next crucial phase of its preparations for the World Cup 2022 and bids for the 2020 Summer Olympics.
For most players, the last two years was a preparation phase for building new partners and securing funding. The next five years will represent the critical transformation period as Qatar delivers $60 billion worth of small, medium and large scale projects.
Tourism is Another Major Player in the Country’s Construction Boom
Qatar will invest $17 billion on tourism infrastructure as part of its five-year plan, expecting a 20% sector growth during that period. The infrastructure development plan involves the construction of luxury hotels, resorts and meeting facilities to meet the forecasted demand. Hotel capacity is estimated to increase by 400 percent, with over 29,000 luxury rooms and apartments by 2016.
Driven by its 2022 World Cup preparations and $57 billion 2030 National Vision plans, hotel occupancy rates in Qatar are projected to average from 67 percent to 73 percent between from now till 2016.
Opportunities for all
According to H.E. Yousuf Hussein Kamal, Qatar’s Minister of Economy and Finance, the country has emerged as the global leader in the infrastructure investment. “The investment in the infrastructure projects is a major source of Qatar’s economic diversification; such as the upcoming rail and metro projects, the New Doha International Airports, and the Lusail City projects, which offer a wide range of funding opportunities for investors,” he explains.
The Minister continued by saying, “Indeed, Qatar’s proposed development projects offer great opportunities for potential investors and local banks, with enough scope for the fund managers to tap into various portfolios. The upcoming projects will not only benefit Qatar but will also act as a great stimulus for the growth agenda of neighboring countries. The world of investments is fast-changing, increasingly becoming a becoming a two-way investment.”