$30bn deals to boost infrastructure
01 February 2015
THE infrastructure projects pipeline in Qatar is set to expand this year with the awarding of over $30 billion worth of new deals including the Doha Metro, said a report.
The contracts will come on the back of major project awards on Ashghal’s expressway and local roads and drainage programmes as well as significant investment in real estate and transport projects such as Lusail and the New Port project, said Meed Projects, a leading online projects tracker in the region.
Ed James, the director of analysis at Meed Projects, said: “This year will be boosted by the likely awarding of the $2-billion rolling stock and systems contract on the Doha Metro, and five main multi-billion-dollar packages on the mega water reservoirs main packages.”
“Despite falling oil prices, Qatar has the project pipeline, the political impetus, and the financial reserves to continue spending,” he added.
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