Qatar will see a significant rise in project activity this year with contract awards expected to peak at $24bn, according to the organisers of the 11th Annual Qatar Projects Conference, scheduled next month.
After successfully completing a 20-year investment programme to develop its natural gas resources in 2011 and becoming one of the world’s most important energy producers, Qatar has embarked on an infrastructure investment programme in its non-oil and gas sectors driven by the Qatar National Vision 2030.
“The Qatar’s projects market accelerated in 2013, overtaking the UAE in terms of contract awards midway through the year with $12.2bn in new awards, the bulk of which came from the multi-billion-dollar tunnelling packages awarded as part of the Doha metro project,” an official pointed out.
Qatar, which plans to grow the downstream sector with investment over $13bn, currently has $16.5bn worth of upstream oil schemes at various pre-execution phases.
“We have structured the programme of the conference in such a way that will help attendees learn directly from senior decision-makers about the upcoming project opportunities in Qatar as well as address key challenges and achievements made thus far,” said Edmund O’ Sullivan, chairman, Meed Events, organisers of Qatar Projects 2014, scheduled from March 17 to 19 at the Grand Hyatt, Doha.
More than 400 local, regional and international stakeholders will find out the latest developments, timelines and procurement requirements to successfully win contract bids in Qatar’s growing projects market.
Supported by the Public Works Authority (Ashghal), the 2014 Qatar Projects Conference will feature around 90 speakers and two dedicated streams, focusing on commercial opportunities emerging from Qatar’s infrastructure & transportation and the oil, gas, power and water
The keynote address will be delivered by HE the Qatar Central Bank Governor Sheikh Abdulla Saoud al-Thani. Ali al-Kuwari, acting group CEO, QNB, is the designated headline speaker.
A number of experts, including those from the Ministry of Municipality & Urban Planning, New Doha International Airport, Supreme Council of Health, Hamad Medical Corporation, Qatar Exchange and Nakilat will present project commercial opportunities tied to Qatar’s massive road, ports, rail, construction and social infrastructure plan worth over $62.2bn.
The main utilities authorities will outline their plans to meet power and water demand over the next 5-10 years, whereas Ashghal is to highlight projects covering roads, drainage, sewerage and buildings valued at $27.5bn to be delivered within the next five to seven years.