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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

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            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

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                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Qatar spending likely to remain high

              Gulf Times

              December 9, 2014
              in Economy, Infrastructure
              0

              Qatar's spending is likely to remain high as the government's capital expenditure (Capex) may reach QR437bn ($120 billion) by 2020, the likely peak of the expected project spending, a new report has shown.

              According to Morgan Stanley Research, this would cover roughly 55% of the nearly QR772bn ($212bn) total public project pipeline in its analysis.

              Government and public-sector entities account for more than 75% of all project- award cashflows prior to the 2022 FIFA World Cup.

               In this context, Morgan Stanley said suggestions of authorities' recently heightened focus on "on-time" and "in-budget" infrastructure projects are likely to support broader budget controls, particularly given recent examples of large-scale project overruns that have required phasing and/or scaling back to ensure completion.

              "We see this as all the more important given the World Cup's de-facto deadline, and subsequent potential for capacity constraints and secondary inflationary effects," Morgan Stanley said.

              The analysis shows that the public sector will account for over 80% of Qatar's announced project pipeline (including oil and gas) between now and 2022, equating to projects worth $212bn, citing Meed Projects.

              "This clearly makes the authorities' tighter project management and oversight a key factor in not only the rate of project spending but also the amounts," the report said.

              A Morgan Stanley analysis of government-owned projects awarded since 2010 suggests that a peak was reached in 2012, with projects completed in the year overrunning original budgets by almost $4bn. Such projects were largely in the transport and construction sectors.

              On whether the lower prices impact Qatar's planned infrastructure spending, Morgan Stanley said: "We think it unlikely that an even prolonged period of lower oil prices will cause material reductions or delays in planned public infrastructure spending. Firstly, we believe the authorities will continue to work to the de-facto deadline of the 2022 FIFA World Cup.

              "Secondly, more conservative fiscal budgeting and improved project management should improve sustainability. Finally, Qatar's large public reserves remain a significant, if last-resort, backstop.

              "That said, one important effect may be reduced deposit formation and lower liquidity in the banking sector, which may pressure funding costs. Historically, Qatar banks' share prices have shown a relatively strong correlation with the oil price, although this relationship seems to have broken down since the start of the 'Arab Spring' in early 2010."

              Although expected to remain one of the fastest-growing economies in emerging markets, Qatar's "ambitious" program of investment in civil infrastructure appears to have brought with it a "subtle yet important shift" in domestic authorities' macroeconomic priorities.

              "After years of strong, if volatile, GDP growth, we think focus is now on a steadier, more sustainable development," Morgan Stanley said.

              Debt balance to shrink
              Qatar's outstanding government debt is expected to reduce by two-thirds this year, Morgan Stanley says in a report.

              The country's debt to GDP ratio is already quite low by emerging market (EM) standards; the report said and added that Qatar's focus is now on "improving efficiency".

              Key to the revived focus on sustainability, Qatar's government debt balance is expected not only to shrink further below EM average levels, but also to shift in composition.
              Gulf Times
              9 November

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