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Qatar Rail’s design and build contracts worth $8.2bn for phase-one of its Doha Metro project signals a “turn of fortune” for the planned GCC rail network that hopes to address mounting urban mobility issues confronting the region, a report has said.
Doha Metro, implemented by Qatar Rail, will provide numerous investment opportunities for the country's private sector in construction, operations and maintenance even as a study shows the project will boost private sector activities in the national GDP by 0.7%.
Ghanim Al-Ibrahim, director of Qatar Railways Co (QRC) has said the tenders for the country's planned metro system will be delayed until the first quarter of 2012 in order to complete more detailed studies on the project, Reuters has reported. Qatar plans to spend a total of QR150bn ($41.2bn) on the metro project, which will link stadia for the 2022 FIFA World Cup.