Qatar and UAE among world top infrastructure markets - EC Harris General ME

 

According to a new consultancy EC Harris, Qatar and the UAE have been named in the world's top four markets for investing projects.

 

Qatar was ranked second globally and the UAE was placed fourth while Saudi Arabia was also prominent, ranking 11th.

 

The study found that the level of risk facing investors in the Middle comparatively low, with high levels of income taxation low capita, per government support infrastructure schemes three of the primary factors that were helping to reduce risk and within confidence real build community.

 

According to the report, Qatar and the UAE's willingness and ability to quickly move major projects forward contrasted heavily with the UK and parts of Western Europe where overly high levels of regulation, red tape and tax are threatening to undermine competitiveness.

 

The report also underlined the scale and volume of opportunities on offer across the Middle East particularly in Qatar where a major capital investment program is already underway to help improve infrastructure ahead of the 2022 FIFA World Cup.

 

Between now and 2022, an estimated USD 100 billion is expected to be allocated to infrastructure projects, including many high profile schemes such crossing, the Doha Metro system and a major new airport development.

UAE HÍREK

Qatar's food industry to grow fastest in GCC

Qatar's food production industry accounts for only about 7% of the country's domestic consumption, a new report said yesterday highlighting its dependence on food imports for local needs.

 

In 2010, Qatar produced 0.1mn tons of foods across categories, the GCC food industry report said yesterday.

"Qatar is an important business hub in the GCC. Qatar is more affluent compared to other member countries in GCC with the highest per capita income. With an enviable economic outlook and growing private consumption, food consumption in Qatar is forecast to grow at a compound annual growth rate (CAGR) of 5% up to 2017," the report said.

MOHAMMAD BIN RASHED CITY DUBAI

By Shane McGinley

 

 

Published: Wednesday, 28 November 2012 3:01 PM

 

 

Dubai will not have to depend on global financial markets to fund large-scale projects announced within the last few weeks as it has access to sufficient funding from within the UAE.

 

The head of Dubai Economic Council told reporters on Wednesday.

 

Doha Metro to have 48 stations

The 131-km Doha Metro Railway will have at least 48 stations and half of the entire facility would be built underground at depths up to 50 meters. In a presentation, Qatar Rail commercial manager Stephen Lines disclosed that the elevated portion of the Metro railway is 48km long. Construction has started this year and it is expected to be completed in 2019.

 

Dubai's Bid for Expo 2020 in numbers

20 million visitors are expected to make 33 million trips to the site

Ashghal to award $329.5 million contracts for healthcare projects

Qatar’s Public Works Authority (Ashghal) announced on Wednesday that it would award work contracts worth $329.5 million for seven major projects, including new health centres and additional operation theatres at the Hamad General Hospital.

 

The projects are part of Ashghal’s ambitious $3.90 billion plans for 2013/2014 to develop 124 building projects across Qatar, a report in Gulf Times, a local Doha based newspaper, said.

 

PARTNEREK

 

 

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