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.