DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/5d8692/qatar_infrastructu) has announced the addition of the "Qatar Infrastructure Report Q3 2011" report to their offering.
Business Monitor International's Qatar Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Qatar's infrastructure industry.
BMI View: Qatar's construction sector is expected to return to real growth in 2011 following two consecutive years of contraction. The country's position as host of the 2022 FIFA World Cup will play a significant role in driving a new boom in the construction and infrastructure sectors. The Qatar Statistics Authority reported 14% year-on-year (y-o-y) nominal growth for Q4 2010 and this trend is expected to continue into 2011 and beyond. Based on this data, the industry is on track to achieve BMI forecasted nominal value of US$7.5bn in 2011.
Key developments include:
- Qatari real estate developer Ezdan Real Estate Company is planning to build the tallest tower in the world in Doha, Qatar, according to Zawya. The firm has already bought large plots of land and is now in the process of securing construction permits from the local authorities for the residential project. Ezdan currently owns 7,000 residential units in the region.
- Qatar General Electricity and Water Corporation (Kahramaa) is overhauling 800km of transmission lines between Qatar, Saudi Arabia and Kuwait as part of the Gulf Cooperation Council (GCC) power grid project. The repair work will involve an investment of QAR72mn (US$19.77mn). The company plans to build 18 new electricity substations within three years under the current ninth phase of its project, which entails the installation of new cable lines and substations for the development and modernisation of present transmission network. The ninth and final phase of development projects is likely to cost QAR4.3bn (US$1.18bn).
- The New Doha port project has moved a step closer to completion with the news that Qatar has signed a deal with China Harbour Engineering Company (CHEC) to undertake the construction of the first phase of the port. BMI notes that although the port has been planned for some years - since the Emir of Qatar issued a decree for its construction in December 2007 - its construction will compliment the boon the country's transport infrastructure sector is set to enjoy in the light of Qatar having won the 2022 Football World Cup. Qatar is going to become a hub for the regional industry in the coming years. In March 2011 the government unveiled a US$125bn spending plan for construction and energy projects. This incorporates spending for the 2022 World Cup - an estimated US$80bn of investment in preparation for the tournament - including commercial projects and transport infrastructure.
Key Topics Covered:
- Methodology
- 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
For more information visit http://www.researchandmarkets.com/research/5d8692/qatar_infrastructu.