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Home / Qatar To Sign Projects Worth Up To $50bn In 2014 – Central Bank

Qatar To Sign Projects Worth Up To $50bn In 2014 – Central Bank

The projects will be in transport, appetite and other sectors, a executive bank administrator said.


Qatar’s supervision is approaching to pointer contracts for construction projects value as most as $50 billion this year as it builds infrastructure indispensable to horde a soccer World Cup in 2022, a executive bank administrator was quoted as observant on Tuesday.

The projects will be in transport, appetite and other sectors, Sheikh Abdullah bin Saud al-Thani pronounced during a discussion hold by informal media organisation MEED, according to a central news group QNA.

Sheikh Abdullah did not give sum of a contracts, though his comments seemed to endorse that Qatar would start stepping adult infrastructure spending neatly this year.

After it won a right to horde a World Cup in 2010, Qatar announced skeleton to spend some $140 billion on projects including a new airport, pier facilities, railways, stadiums and other infrastructure.

But many projects have been slower to get started than a business village expected, apparently given of official and formulation problems. In a mercantile year that finished final March, tangible supervision spending rose usually 2.2 per cent, undershooting a bill devise for a initial time given 1990.

The supervision appears dynamic to collect adult a pace, however, and a formulation method news in Dec pronounced state spending would stand 11.6 per cent in calendar 2014.

In 2013, among other plan awards, Qatar sealed 4 design-and-build contracts value approximately $8.2 billion for proviso one of a Doha metro. Its new airport, that cost around $15 billion to construct, is approaching to open for blurb operations after this year.


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