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

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.

 

$330 million contracts for 7 health projects in Qatar

Qatar’s Public Works Authority ‘Ashghal’ announced that work had started on the construction of seven new healthcare projects with a total value of QR1.2 billion ($330 million).

 

The contracts include the construction of additional operation rooms at Hamad General Hospital, in addition to five healthcare centres at Al Nuaim, Al Muntazah (Rawdat Al Khail), Al Karaana, Al Roda and Al Ghuwairiyah, and the construction of a health and wellness centre in Umm Slal.

 

Dubai's Bid for Expo 2020 in numbers

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

Emaar apartment sales revenue more than triples

Dubai Developer sees decline in sales revenue from villas, commercial units and land

 

By Deena Kamel Yousef, Staff Reporter

 

Published: 17:30 November 18, 2012

 

491 ongoing hotel projects in the Middle East

The Middle East and Africa (MEA) hotel development pipeline comprises 491 hotel buildings, which gives a total of 120,795 rooms, according to the June 2013 STR Global Construction Pipeline Report. The total active hotel pipeline data includes projects in the "in construction", "final planning" and "planning" stages, but does not include projects in the 'pre-planning' stage.

PARTNEREK

 

 

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