Qatar is set to invest an estimated $17bn on tourism-related infrastructure projects overseen by Qatar Tourism Authority (QTA) in the next five years. The volume of hospitality projects is particularly increasing at an accelerated pace as Qatar plans to build more than 60,000 new hotel rooms in time for the country's hosting of the
FIFA World Cup in 2022, Drake & Scull International (DSI) has said.
With at least 19 hotels and around 5,544 hotel rooms currently under construction and in the planning stage, Qatar currently has the third largest pipeline of hotels in the region. For 2012 alone, more than 2,100 rooms are expected to enter the Qatar market by the end of the year. The aggressive investments in hospitality projects across Qatar are a strong reflection of the energetic growth pace of construction activities in the industry.
DSI, a regional specialist in integrated design, engineering and construction, said specialized expertise in hospitality projects will be crucial in enhancing the business potential of engineering and construction companies looking to capitalize on the real estate and construction boom in Qatar.
"The hospitality industry in Qatar will continue to become more vibrant and lucrative in the future as Qatar positions itself as a major tourist, business and lifestyle destination, and an ideal venue for international expositions, sporting championships and other high-profile events. The construction of key hospitality amenities is therefore crucial in realizing Qatar's vision to be a world-class host." said Khaldoun Tabari, CEO, DSI.
DSI has been a market leader with an impressive engineering history and track record of prestigious projects in the country, including the Four Seasons Hotel, the Qtel Tower and the Doha Land project. The company now sees the hospitality industry as a new key growth catalyst that will further boost the demand for specialized expertise in Mechanical, Electrical and Plumbing (MEP), Civil Contracting, Rail, and Water and Power projects.
The Peninsula
15 May
