With a vast amount of sizeable construction and infrastructural projects already set in motion in Qatar. A series of infrastructure projects are slated in Qatar including a $1 billion transport corridor project in Doha, $20 billion investment on roads, $25 billion investment in the railway sector, $15.5 billion to be spent on a new airport, $4 billion to be invested in stadiums; $8 billion to be spent on a deepwater seaport and this in addition to the construction of many new hotels that will add thousands of rooms.
$20 billion investment on roads, $25 billion investment in the railway sector, $15.5 billion to be spent on a new airport, $4 billion to be invested in stadiums
In July 2011, the Public Works Authority (Ashghal) had announced a road construction plan to connect Ras Laffan Industrial City with University Road and the Shamal Road, providing three lanes in each direction. The plans were unveiled as part of a larger scheme to build roads around the western and northern borders of the Ras Laffan Industrial City.
The first phase of the Ras Qirtas energy plant was completed in August 2011, (Business Monitor International (BMI) said. The $4 billion plant will generate 2,730MW of power and some 63 million gallons of desalinated water. The plant will supply the Qatar General Electricity and Water Corporation (Kahramaa) under a 25-year contract. The production will then be used to feed the local network or the GCC electricity link-up system. The development marks the commissioning of the biggest electricity generation plant in the country.
Work has also begun on the $1.37 billion Doha Festival City project
Work has also begun on the $1.37 billion Doha Festival City project, the report said. This is just one of a series of flagship projects that have gone under way in Qatar since the country was awarded the FIFA 2022 World Cup in December 2010.
Yet, $17 billion worth of road projects are now in cruise control, as Qatar prepares its expansive transport network ahead of the Football World Cup in 2022.
On the other hand, Qatar will spend $13 billion for rail projects including the Doha Metro and already has $8.5 billion of railway construction contracts out to tender. Qatar recently invited 18 consortiums to bid for five packages on its proposed metro network that will alleviate congestion in the Qatari capital and transport football fans across the city during the 2022 FIFA World Cup.
The tenders attracted international interest and more than 60 local and international groups attempted to prequalify to bid for construction work.
Billions of infrastructure investment creates unrivaled market for heavy machinery
A report by Deloitte highlights the investments made by the Qatari government indicating that with the hosting of the 2022 FIFA World Cup in Qatar, projects planned and underway are estimated to be $230 billion. Steady growth can be seen in the heavy machinery market as lots of projects have been awarded in Qatar throughout the year.
However, the significant investments provide both positive and negative trends in the demand and supply of heavy machinery in the region, says Deloitte. In terms of negative trends, the high level of competition results in a vast amount of low quality and lower standard equipment flowing into the region. Additionally, some customers are now looking for used equipment because of the huge investments required to buy heavy machineries,” adds the report.