''World Cup Will Spur'' Qatar's $100bn Infrastructure Projects Market

December 05, 2010 - 1:17:07 pm

Doha - Qatar winning the bid to host the FIFA 2022 World Cup will spur the country's infrastructure projects market development, estimated over US$ 100 billion, based on public-private partnerships (PPPs) model, an official representing a market research group said here Sunday.

Announcing the launch of ''The GCC Infrastructure Guide at a media conference here today, one of the authors of the report and Head of Middle East Economic Digest (MEED) Insight, Ed James said, "Direct investments of several billions of dollars will be made in Qatar to build football stadiums and other infrastructure following the announcement of awarding the FIFA 2022 World Cup hosting rights to Qatar."

The MEED Insight report, published in association with the Qatar Financial Centre Authority, examines the PPP and project finance sectors within the context of the development of infrastructure projects market in Qatar as well as the GCC.

Its aim is to provide a unique reference tool for professionals involved in the region’s infrastructure projects market, officials said.

The report focuses on infrastructure projects, and excludes the oil, gas and petrochemical sectors.

The majority of data it contains is sourced from MEED Projects, MEED's proprietary online database of major projects in the region.

A compelling statistic the report reveals is the present value of major infrastructure projects currently under construction in Qatar which amounts to over US$55Bn, around half of the estimated US$100bn to be awarded in the near future.

"The build-up to the World Cup will give additional momentum as well as push ahead the time frame of these projects," added James.

Acting CEO of the QFC Authority Shashank Srivastava said, "Given Qatar's pivotal role as a leading investor in infrastructure expansion in the region and the growing importance of the public private partnership model, we are delighted to partner with MEED in the publication of this key reference tool."

The rise in capital spending, the guide says, has helped Qatar maintain its position as the third largest infrastructure projects market in the GCC.

More than $75bn has been invested in this sector since 2004.

The spending dropped in 2009 due to the global crisis compared with the peak of $20bn reached in 2008.

Apart from providing long term optimism of future growth, the report confirms that Qatar’s infrastructure market is unique within the GCC as the vast majority of the investments being made are in the development of non-real estate sectors, such as the US$35bn ear-marked for the national railway and metro network.

QNA

COMMENTS

comments powered by Disqus