Mar 20 2014
Doha, Qatar; 20 Mar 2014 – Addressing an general assembly collected during a MEED Qatar Projects Conference 2014, Yasser al-Mulla, plan manager during Al-Rayyan Precinct for a country’s Supreme Committee for Delivery and Legacy, emphatically positive a universe that Qatar’s preparations for FIFA World Cup 2022 are on track.
According to al-Mulla, Qatar will emanate 10 tenders this year for plan managers and pattern consultants on a stadiums being built for a games. “We are in a modernized stages of pattern work for 6 stadiums and this year we will see 5 stadiums start a early works on foundations and construction,” he added.
Moreover, Doha expects to spend an additional $4bn on building stadiums and associated sporting infrastructure for a World Cup. The largest new track designed is a Lusail Iconic stadium, that will have a ability of some-more than 86,000 people and is to be used for a opening compare and a finals.
As partial of a large infrastructure hurl out, hotel bedrooms will be stretched to 95,000 by 2022 from a stream 15,000 bedrooms available. Qatar’s Public Works Authority (Ashgal) also suggested skeleton to launch $27.5bn-worth of expressway and rotate projects over a subsequent 5 years to addition a over $3bn-worth of contracts that were awarded final year. The highway projects are approaching to be finished in 2020.
With these projects, Qatar hopes to revoke trade overload and safeguard a well-spoken upsurge of people and vehicles as Doha hosts a world’s biggest sporting event.
In other developments, Qatar’s banking zone is approaching to say a solid growth, as sum resources grew 11.4 per cent in 2013 and are estimated to be value $247.2bn, according to Qatar’s executive bank governor, H.E Sheikh Abdulla Saoud al-Thani.
Al-Thani pronounced during his debate during a discussion that deposits in banks from business were adult 19.7 per cent in 2013 valued QR948bn; while net increase to shareholders of Qatar’s banks rose 11.5 per cent.
Qatar’s economy is approaching to enhance to 6.8 per cent in 2014, according to Qatar National Bank (QNB) behaving organisation CEO, Ali al-Kuwari, with collateral investment in infrastructure projects being a primary drivers of a growth.
“The non-hydrocarbons zone grant will be 50 per cent of GDP in 2014 and a banking zone will play a vicious purpose in ancillary a diversification of a Qatari economy by financing investment in infrastructure,” al-Kuwari said.
Qatar Projects 2014 resolved on a high note, with plan stakeholders gearing adult what is approaching to be a bustling zone in a subsequent few years, as tenders are announced in a entrance months and projects get underway. This year’s discussion was upheld by Samsung as a Official Technology Partner, Qatar Steel as Associate Partner, Mashreq and Global Building Solutions as Silver Sponsors, Parsons, Al Maysan and Larsen Toubro as Bronze Sponsors.
Other corporate partners embody ibq (Gala Dinner Sponsor), Qatar Insurance Group (Lunch Sponsor), SEIB (Dedicated Partner and Breakfast Sponsor), pwc (as Reception Sponsor), HSBC (Masterclass Sponsor), Drake Scull, ECG Engineering Consultants Group SA Zurich Insurance and Hill International as Conference sponsors; and Shapoorji Pallonji as a Networking Sponsor.
Exhibiting companies embody Al Jaber Engineering, ASTAD Project Management, International Aramoon Co Ltd as good as Salfo and Associates SA. For discussion highlights and a post uncover report, greatfully revisit www.qatarprojectsconference.com.
About Qatar Projects 2014
First hold in Doha in 2003, a MEED Qatar Projects Conference is determined as a premier annual discussion focusing on growth solutions to Qatar’s $200bn megaproject challenge. 11 years later, a discussion attracts 400+ comparison member from vital internal and general companies, supervision officials from Qatar and stakeholders from a opposite a GCC and a wider world.
Attend to get minute sector-specific calm as good as extended networking opportunities with Qatar’s supervision and open authorities, Qatar Projects 2014 Conference will underline dual dedicated streams; one that covers Qatar’s Infrastructure Transport zone and another that focuses on Qatar’s Energy Utilities sector.
More importantly, a discussion will plead a many dire issues in Qatar’s projects markets currently including inflation, work and element shortage, new buying mandate and a solutions to overcome these challenges. For some-more information, greatfully revisit qatarprojectsconference.com.
About MEED Events
MEED’s extensive portfolio of events has been grown over a final decade to cover a region’s pivotal business issues and sectors. From large-scale summits and conferences to singular one-to-one networking opportunities, MEED Events yield high-profile speakers, applicable and vicious business calm and a latest news from opposite a GCC.
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