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For Qatari residents: Do you prefer a summer or winter World Cup 2022?




Rising up to the challenge

Written by  Author |   Fri, 26 August 2016 09:09

 

 
Qatar’s economic growth to sustain helped by the government’s $205 billion investment program 
 
According to Moody’s, an international credit rating agency, Qatar’s economic growth will average around 4% percent until 2018, helped by the government’s $205 billion investment program as part of its infrastructure expansion scheme. In addition, Qatar is continuing to invest in large-scale infrastructure and construction projects in preparation for the 2022 World Cup and 2019 Athletics World Championships despite the fall in oil prices. Spending on major projects is the foundation of economic growth in Qatar, and this has continued, official estimates by the Ministry of Development Planning and Statistics (MDPS) show.
 
Now that all doubts are dismissed and as confirmed by FIFA President Gianni Infantino that the 2022 World Cup will be hosted by Qatar as planned, the outlook for construction in Qatar remains very encouraging for the coming years.  This encouraging outlook is also supported by a high population increase rate (around 9.5%) and the government’s effort to upgrade the infrastructure base as part of its ambitious multiyear plan, the Qatar Vision 2030. 
 
Construction as a sector saw activity increasing by 11.4% fueled by work on mega-projects like the Doha Metro, the $45 billion Lusail City project to the north of Doha and a series of ongoing roads, highways and infrastructure projects. 


 
Infrastructure 
As part of implementing Qatar National Vision 2030, Qatar has unveiled ambitious plans to upgrade infrastructure including, a well-integrated road and rail network comprising, metro rail, roadways, highways and flyovers, upgrades to airports to accommodate the anticipated spurt in tourists and passengers and connecting the venues to the games.
Other mega infrastructure projects include the $7 billion New Doha Port project, allocation of $20 billion towards construction of roadways and highways and the biggest of them being the construction of 8 Eco-friendly stadia at an estimated cost of over $8 billion, some of which are being built afresh, while others are to be refurbished. Work has already begun on seven of the eight stadiums scheduled for the World Cup at Lusail, Al Wakrah, Al Khor, Al Rayyan, New Airport, the Khalifa Stadium and the Qatar Foundation Stadium. 
 
Qatar has one of the busiest road markets in the GCC and plans to build 8,500 km of highways, 200 bridges and 30 tunnels over the next five years. The projects include Ashghal's Expressway Program, which will connect the capital Doha to all the major cities and energy and industry centers. 
By 2030, all the three networks - Doha Metro, Lusail Tram and the long-distance rail - are expected to be completed and made part of a unified and integrated transport network covering different parts of Qatar.
 
 
HIA to be expanded
The recently opened Hamad International Airport is expected to be expanded, with the terminal to be doubled in size by 2020.  Additionally, a new 45,000 km2 passenger amenity area - with features such as a museum, spa, children's play area, garden, library, gym, outdoor dining and lounges - is being planned for the northern part of the terminal.
The planned expansion will increase the size of the passenger terminal to more than one million m2. 
 
 
Real estate 
One of the Gulf's largest real estate developments is the $45 billion Lusail city that will cover 38 km2 and house up to 200,000 people. It will contain residential areas, commercial districts including the $275 million Marina Mall project, 22 hotels, four islands and two golf courses. It will feature the 80,000-seat Lusail Stadium, where the championship match of the 2022 World Cup soccer tournament will be played.
On the other hand, Barwa Real Estate Company has stated that it would invest over $4.12bn (QAR15bn) in numerous new projects. The company's plans include building over 12,000 housing units, with the intention of meeting the growing demand for affordable accommodation throughout the country.
Al Bandary is a new 77-building development dubbed Alswida Village, adjacent to Barwa City near Industrial Area Road in Al Thumama.
Ezdan Real Estate is building a brand-new town consisting of two schools, an office building, hypermarket, sports clubs, mosques, hundreds of shops and some 9,500 apartments in Wukair.

 
Transportation
There has been a very real acceleration in Qatar’s transport market. With $44 billion worth of transport projects currently under construction, Qatar is positioned in the top 3 markets in the GCC and MEED Projects forecasts another $34.8 billion of projects due to be awarded by 2018.

The rapid population growth and limited space available for new roads has exacerbated the situation while lack of adequate traffic management schemes, coupled with the high number of current vehicles on roads have increased the demand for alternative modes of transport in Qatar.

A significant proportion of Qatar’s infrastructure investment is currently focused on the development of a modern rail network under the control of the Qatar Rail Company (Qatar Rail), of the Qatar Rail Development Program (QRDP). The QRDP consists of a two phase metro network: a light rail transit system and a long distance passenger and freight rail network.
As an integral part of the QRDP, the Doha Metro project will consist of four lines with the metro network extending over the Greater Doha area. The project will include connections to town centers and vital commercial and residential areas throughout the city.
The Expressway Program commissioned to Ashghal is a nationwide road infrastructure scheme that will improve the way people and places are connected across the city of Doha and wider
 
The almost $40 billion Qatar Rail and Metro features more than 300 kilometer rail system, including a metro network within Doha as well as high-speed passenger lines, a light rail system at Lusail City and a 195 km freight line linking Mesaieed port to the industrial city of Ras Laffan; eventually, the project will be linked to a planned rail network across Gulf Cooperation Council countries. The second phase of the project will include a 150 km high-speed line to Bahrain.  The first of the metro's four lines is to be operational in 2019.
 
 
Utilities
According to engineering firm Drake & Scull report, Qatar has investment plans worth more than $125 billion in the utilities sector mainly for water and power projects. 
The report indicates that the Qatari government will invest around $60 billion on infrastructure in the coming few years, with $20 billion earmarked for electricity and water projects. Investments will include building 140 new power stations, 810 km of water mains and five new water reservoirs. 
Despite significant investments aimed at increasing capacity, Qatar is currently facing a shortfall in water supply and could face one in electricity as well by 2020 unless it makes additional investments. 
In fact, Qatar consumes almost twice as much power per capita as the average high-income industrialized countries like the US and the UK. 

In view of the importance of the sector, Kahramaa has put an investment strategy under a 30-year power and water master plan. One of the biggest ongoing projects is the construction of a $3bn water reservoir network including a series of reservoirs connected by a 183-km pipeline that also links up with the Ras Laffan and Ras Abu Fontas desalination plants. 
 
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