Qatar Infrastructure Report Q2 2012
Business Monitor International, May 2012, Pages: 63
BMI View: With construction and energy projects worth US$125bn planned over the coming years, Qatar's construction industry will strengthen its position as one of the region's top performing markets. With vast hydrocarbon wealth inflating public coffers and a business environment offering stability at a time of wider regional unrest, we expect Qatar's construction market to be regarded as a safe haven for the region's investors. We estimate that the sector will have grown by close to 10% in 2011 in real terms and we our outlook for 2012 is similarly bullish – BMI forecasts 9.5% year-on-year growth in 2012.
Key developments include:
- According to a statement on October 25 2011 by the Minister of Economy and Finance, Yousef Hussein Kamal, Qatar's spending on infrastructure is expected to reach US$150bn over the following five years. A series of infrastructure projects are now in the pipeline, including: a US$11bn international airport project; a US$5.5bn deepwater seaport project; a US$1bn transport corridor project in Doha; US$20bn on roads; US$25bn on railways; and US$4bn on stadiums.
- In July 2011, the Public Works Authority of Qatar announced a road construction plan to connect Ras Laffan Industrial City with University Road and the Shamal Road, providing three lanes in each direction. The plans were unveiled as part of a larger scheme to build roads around the western and northern borders of the Ras Laffan Industrial City.
- The first phase of the Ras Qartas energy plant was completed in August 2011. The US$4bn plant will generate 2,730MW of power and 63mn gallons of desalinated water. The plant will supply the Qatar General Electricity and Water Corporation (Kahramaa) under a 25-year contract. The production will then be used for feeding the local network or the GCC electricity link-up system. The development marks the commissioning of the biggest electricity generation plant in the country.
- The announcement in October 2011 that work would shortly begin on the US$1.37bn Doha Festival City project will be one of the largest developments to get underway in Qatar since the country was awarded the right to host the FIFA 2022 World Cup in December 2010. The launch supports our view that with US$125bn worth of construction and energy projects planned over the coming years, Qatar's construction industry will strengthen its position as one of the region's top performing markets. With vast hydrocarbon wealth inflating public coffers and a business environment offering stability at a time of wider regional unrest, we expect Qatar's construction market to be regarded as a safe haven for the region's investors.
- Construction firm Vinci, has become a key bidder in Qatar’s infrastructure sector. One of its more recent contract awards in the country is the US$533mn (EUR374mn) contract for work on the Light Rail Transit System being built in Lusail City. The project will be carried out by its joint venture company QDVC, which has already been awarded a contract on the project, cementing its position in Qatar's infrastructure sector.
Preparations for the FIFA 2022 World Cup will instigate major changes in Qatar’s infrastructure industry. While major international players undoubtedly stand to win from big-ticket stadia and infrastructure projects, local contractors will also benefit substantially, both through partnering with foreign firms or undertaking the myriad smaller projects required. Problems have, however, begun to surface; some projects, such as the ambitious Qatar-Bahrain Causeway, have been faced with delays and funding restraints. It will clearly be a challenge for Qatar to accommodate the large number of visitors anticipated for the event.
Business Monitor International's Poland Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Poland's infrastructure industry.
- Independent 5-year Infrastructure industry forecasts for Qatar.
- Original Infrastructure market research and Infrastructure sector trend analysis for Qatar.
- Competitive intelligence, Qatar Infrastructure company rankings and SWOT analyses on international and domestic Infrastructure companies in Qatar."
BMI Industry View
SWOT Analysis
Qatar Infrastructure Industry SWOT
Market Overview
Competitive Landscape
Table: EQS
Building Materials
Global Overview
Industry Trend Analysis – Building Materials: Asia And Latin America Demand Drive EM/Developed Market Divergence
Middle East Overview
Cement Forecasts
Table: Qatar Cement Production and Consumption Data
Table: Qatar Cement Production and Consumption Data
Industry Forecast Scenario
Table: Qatar Construction And Infrastructure Industry Data
Table: Qatar Construction And Infrastructure Industry Data
Construction And Infrastructure Forecast Scenario
Transport Infrastructure
Transport Infrastructure Outlook And Overview
Table: Competitiveness Of Qatar’s Transport Infrastructure
Major Projects Table – Transport
Table: Major Projects – Transport
Energy And Utilities Infrastructure
Energy And Utilities Infrastructure Outlook And Overview
Major Projects Table – Energy And Utilities
Table: Major Projects – Energy And Utilities
Residential/Non-Residential Construction and Social Infrastructure
Residential/Non-Residential Building Outlook and Overview
Major Projects Table – Residential/Non-Residential Construction And Social Infrastructure
Table: Major Projects – Construction And Social Infrastructure
Risk/Reward Ratings
Qatar Risk/Reward Ratings
Rewards
Risks
Regional Overview
Regional Infrastructure Risk/Reward Ratings
Company Monitor
Consolidated Contractors Company (CCC)
Global Overview
Infrastructure Finance In 2012: Déjà Vu?
Industry Forecasts
Construction Industry
Data Methodology
New Infrastructure Data Sub-sectors
Construction
Capital Investment
Construction Sector Employment
Infrastructure Business Environment Rating
Table: Infrastructure Business Environment Indicators
- Consolidated Contractors Company (CCC)
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