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    How Startups Are Redefining Food Security in the Middle East

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    Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

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    UAE Enhances My FarmWell App to Support Sustainable Agriculture

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    Qatar’s Largest Hydroponic Farm Pioneers Sustainable Agriculture

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    Oman Strengthens Leadership in Marine Conservation and Sustainability

    Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

    Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

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    How Strategic Investments, Technology, and Finance Are Reshaping Agriculture

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    Egypt, Poland Explore Agri-Tech and Investment Opportunities

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    Egypt Enhances Water Management Using Satellite Technology

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      Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

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      Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

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      Iraq’s Development Road: A New Contender in Global Trade Routes?

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      UAE Launches New AI-Powered Strategic Planning Cycle Aligned with 2031 Vision

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      Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

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      Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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      Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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        Steady Growth Ahead for Oman’s Construction Sector on the Back of FDI and Infrastructure Investments

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        Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

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        Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

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        Saudi Arabia Launches First Tender for Expo 2030 Construction Works

        Oman Launches $103 Million Tender for Salalah’s Spray Boulevard Project

        Oman Launches $103 Million Tender for Salalah’s Spray Boulevard Project

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        Oman Launches $122 Million Izki–Nizwa Road Dualisation Project

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        Iraq Launches $400–600M Tender for Baghdad Airport Development

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        Oman’s Al Dhahirah EZAD Sets Sights on Regional Prominence with Seven Strategic Deals

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        Construction Underway on Iraq’s Tallest Twin Towers in Baghdad

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          Iraq Accelerates Solar Energy Expansion in Public Sector

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          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

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          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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          Iraq Aims for 12 GW of Renewable Energy by 2030

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          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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          Iraq and Power China International Sign Deal to Strengthen National Power Grid

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            Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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            Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

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            Qatar’s Health Spending Set to Climb 14% by 2029

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            Qatar and the UK Explore Deeper Cooperation in Healthcare

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            Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

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              Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

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              Qatar Expands Domestic Tourism with Cultural Attractions and Family-Friendly Destinations

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              Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

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              Oman Launches First Rutab Festival to Celebrate Heritage, Farming and Tourism

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              Oman Awards Over $600 Million in Contracts for Tourism Expansion

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              Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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                      How Startups Are Redefining Food Security in the Middle East

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                      Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

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                      Oman Strengthens Leadership in Marine Conservation and Sustainability

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                      Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

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                        Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

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                        Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

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                        Iraq’s Development Road: A New Contender in Global Trade Routes?

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                        Saudi Arabia’s PPR Pipes Market to Reach 34,119 Tons by 2033, Driven by Sustainability, Infrastructure Expansion, and Water Conservation Efforts

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                        UAE Launches New AI-Powered Strategic Planning Cycle Aligned with 2031 Vision

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                        Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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                          Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

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                          Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

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                          Saudi Arabia Launches First Tender for Expo 2030 Construction Works

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                          Oman’s Al Dhahirah EZAD Sets Sights on Regional Prominence with Seven Strategic Deals

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                          Construction Underway on Iraq’s Tallest Twin Towers in Baghdad

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                            Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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                            Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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                              Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                              Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

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                              Qatar’s Health Spending Set to Climb 14% by 2029

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                              Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

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                              Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

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                              Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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                                Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

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                                Oman Awards Over $600 Million in Contracts for Tourism Expansion

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                                      Home Transport & Logistics Infrastructure

                                      Qatar steps up transport spending

                                      Oxford Business Group

                                      November 5, 2014
                                      in Infrastructure, Transport & Logistics
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                                      Momentum is building across Qatar’s rail, aviation and port projects, on the back of rising investment, paving the way for a broadening of the state’s economic base.

                                      Higher investment in Qatar’s transport network will support efforts to diversify the economy, according to a report produced by the Centre for Economics and Business Research (CEBR) on behalf of the Institute of Chartered Accountants in England and Wales (ICAEW). The report, published in mid-September and entitled “Economic Insight: Middle East Q3 2014”, noted that stronger transport infrastructure would also reinforce GCC integration.

                                      Regional potential
                                      In its findings, the CEBR said investment in Qatar’s rail and aviation infrastructure would begin to have a marked impact over the next few years, with the logistics sector’s contribution to GDP expected to reach 8.4% in 2018, up from 6.5% in 2013, according to the Ministry of Development, Planning and Statistics.

                                      An improved performance on this scale would make Qatar better placed to step up trade regionally and beyond in the years to come, said ICAEW’s regional director for the Middle East, Africa and South Asia, Michael Armstrong.

                                      “While Qatar currently has the lowest level of intra-regional trade of all the GCC nations, exporting only 1% of total goods to the Middle East in 2013, this situation is expected to change significantly when the country’s rail and airport projects come on-line. This diversification will help foster internal commerce and investments necessary for sustainable long-term growth,” he said.

                                      The report noted that high levels of investment in key sectors of the economy, including transport, should put Qatar’s economy on course to post growth of 6.3% in 2014, edging towards 7% in the following two years, well above the predicted regional average.

                                      QNB Group was even more bullish in its economic update, released at end-September.  The bank said it expected GDP to expand at between 6.8% and 7.8% up to 2016. Much of the growth, the group said, would be fuelled by investment in the transport, construction and services sectors.

                                      Key part for port
                                      Qatar’s New Port Project (NPP), which is under construction to the south of the capital, Doha, will be a cornerstone of the infrastructure development. The first phase of the $7.4bn facility is scheduled to begin operations in 2016, with initial capacity to handle 2m containers and 2m tons of general cargo annually. Once fully completed, the port will be able to handle 6m containers and manage 2.7m tons of general and grain cargo combined each year.

                                      “The port is quite possibly the most critical project for the country,” Nabeel Mohammed Al Buenain, NPP’s executive-director, told OBG. “The amount of material needed for the country cannot come in via road and air. The country has to have the new port operational on time to bring in the materials required for the infrastructure boom that is under way.”

                                      Construction work on the NPP’s facilities will also include a naval base for the Qatar Emiri Naval forces and an access channel for Qatar Economic Zone 3 (QEZ3), one of three industrial zones. The project’s planners hope QEZ3 can attract additional industrial development in the area by providing businesses with simpler regulations and infrastructure connections. The area is set to focus on building up value-added industries like downstream metals, petrochemicals and maritime industries.

                                      Port investments are significant, but progress could be instrumental to future economic plans. Export-oriented ports delivering LNG and other hydrocarbons around the world have been the dynamo driving the Qatari economy forward. Continuing to modernize port infrastructure could support those revenue streams and keep trading costs low for virtually every sector of the economy.

                                      Tapping investors
                                      A government stipulation that at least 50% of the work carried out on the port project must be awarded to domestic contractors will ensure that much of the investment remains within the local economy. However, Qatar has also begun highlighting the opportunities emerging in its transport projects to overseas firms.

                                      In September, Qatar’s minister of transport, Jassim Saif Ahmed Al Sulaiti, told participants at an international infrastructure conference in South Korea that the country would be setting aside $140bn for transport and other infrastructure development projects over the coming five years. Listing several of the projects, including the NPP, the metro and rail network and the planned expansion of Hamad International Airport, the minister said Qatar had plenty to offer overseas investors seeking opportunities in the region.

                                      Sheikh Ali bin Jassim bin Mohammed Al Thani, the chairman and managing director of transport company Milaha, believes the sector will see increased activity over the course of the year as imports rise, resulting, in part, from new infrastructure developments.

                                      “We saw relatively strong growth of 10% plus in import volumes in the second quarter of 2014 and we are optimistic that this growth trajectory can be maintained the rest of the year,” he told OBG. “We expect volumes to continue to grow in the second half of 2014, as the pipeline of projects is starting to move into execution stage.”
                                      Oxford Business Group
                                      5 November

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