Qatar to award $30bn projects by 2014

0
853

Source:  www.tradearabia.com

Qatar will see an upsurge in project tenders and awards in the next two years which is likely to hit $30 billion, as the country enters the next crucial phase of its preparations for the Fifa World Cup 2022 and its bid for the Summer Olympics in 2020, said an expert.

The wave of new projects to be awarded will be comprehensively discussed at the Qatar Projects 2013 conference organised by Meed Events and supported by the Ministry of Business and Trade.

“The next five years will showcase the critical developments that will transform Qatar as it steps up to deliver on mega, medium and small size projects,” remarked Edmund O’ Sullivan, the chairman of Meed Events.

Since the announcement of Qatar’s winning bid for the Fifa World Cup 2022, there has been a huge frenzy in the projects industry, eager to capitalise on huge opportunities.

Some major contracts were announced, but a huge chunk of the projects are yet to be awarded.

The last two years, for most players, was a time of preparation; setting up new partners and securing financing. This year, as the Qatar Projects conference celebrates 10 years, it will set the industry abuzz with new project announcements, said Edmund O’ Sullivan.

“Qatar Projects is a must-attend event as it provides stakeholders access to information that will enable them to secure a piece of the nearly $60 billion worth of contracts up for grabs,” she added. More info