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

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.

 

Dubai's Bid for Expo 2020 in numbers

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

$494 billion worth projects planned in the UAE

The UAE is planning to carry out projects in construction and other sectors worth around $494 billion, accounting for nearly a third of the total projects planned in the region, according to a Gulf business chief.

GCC food import bill to touch $53.1 billion by 2020

The restrictions imposed by agriculture producing countries on the export of food grains have caused an estimated over $50bn over the last four to five years.

 

Due to the controls on food exports, the wheat importing countries must have caused an extra payment of $21.5bn and rice importing countries must have paid at least an additional $19bn after the producing countries imposed restrictions on the exports.

 

Construction in Qatar to grow by 19%

The Middle East's construction sector, including Qatar, has been forecast to grow by 19 percent in 2013, with the combined value of completed projects set to reach $81.6bn. And projects worth $64.5bn are set to be awarded before the end of the second half of the year, according to Aldes Middle East, a leading provider of firefighting and ventilation solutions. Given Qatar's immense growth potential of the construction and real estate sector, the company has stepped up its expansion initiative with the planned opening of a new office in Doha.

ifpinfo

5 September

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