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FINANCIAL NEWS
Qatar’s investment in infrastructure projects hit USD200b in 10 years
27 Nov 2014
(MENAFN) Qatar is the second most attractive market in the world for investments in infrastructure, with the total of infrastructure investments reaching USD200 billion in the next 10 years, The Peninsula Qatar reported.
These investments are expected to be supported by Qatar’s state funding, which is estimated to reach USD160 billion, while additional investments are predicted to come from the private sector as the country works on boosting its infrastructure development as it prepares to host the FIFA World Cup in 2022.
Aside from Qatar, the UAE is also heavily investing in its infrastructure as it prepares to host the Expo in 2020, with expectations that almost half of the investment planned in both countries to be related to transportations as both counties, as well as the other GCC countries, invest in their ports, airports and the heavy rail network that will connect the countries together.
“While the future prospects for Qatar’s infrastructure projects market look promising, supply and construction costs issues will eventually surface. We are currently developing many projects, and is feeling the burden of rising construction costs. Prices of construction materials have increased by as much as 5-10 percent in the last twelve months”, Al Khayyat Construction Firm said.
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