By Andy Sambidge
Gulf state's ongoing projects includes $80bn on infrastructure, $75bn on oil and gas investments
Qatar’s ongoing projects are valued at more than $250bn, with infrastructure attracting 34 percent of total investments, business intelligence platform Zawya has said.
Infrastructure investments are valued at $80bn, followed by oil and gas ($75bn), real estate ($55bn), and petrochemicals and power and water investments valued at $11bn, its research showed. explained.
According to the findings, which were released on the sidelines of the 2022 World Cup Construction Conference, the highest-valued project is the Qatar rail network programme, developed by the Qatar Railway Development Company, and valued at $42.9bn.
Next is Qatar North Gas Field Development, a Qatar Petroleum project at $20bn and The Pearl-Qatar real estate development by UDC valued at $14bn.
The New Doha International Airport was the second highest-infrastructure project in Qatar at $7bn, the research, cited by Qatar daily Gulf Times, said.
“Qatar has rapidly developed its economy in the last decade and investments in infrastructure are crucial to achieve sustainable development,” Zawya Projects product manager Tarek Hilal told the paper.
Investments in infrastructure facilitate regional economic growth and increase the overall productivity of goods and services, he added.
Zawya’s Project Monitor is an online platform, supported by a team of analysts delivering daily updates on projects across the region.For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.