Projects worth $200bn are underway in Qatar as the country is working on improving its infrastructure, HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani has said.
More than QR12bn has been earmarked since March 2014 for improving infrastructure facilities across Qatar through as many as 29 projects, according to the annual report of the Public Works Authority, Ashghal.
Qatar possesses greater financial buffers and continues to fund large government projects, in preparation for the 2022 FIFA World Cup; BMI Research said, and noted that the country faced lower economic risks compared to other countries in the region.
Qatar accounts for 8.57% of the total value of the pipeline of projects planned in the GCC (as of May), which amounted to $2tn, Meed has said in a report.
The sixth edition of Qatar Construction Specifications (QCS), to be released by 2018, is expected to set global standards in the field to be a reference for hot and humid regions.
Tourism is the best industry to diversify from oil, a veteran hotelier has told a discussion at Qatar Projects. The session, on Tuesday, focused on plans for growth and development of the hospitality industry in Qatar.
HE Dr Mohamed bin Saleh al-Sada has visited Qatar General Electricity and Water Corporation's (Kahramaa) Awareness Park at Al-Thumama, under construction water reservoir at Rawdat Rashid and Major Transmission and Distribution Centre in Duhail.
