Qatar to spend $103bn on infrastructure projects

Qatar government is set to spend around $103bn on major infrastructure projects in preparations for the FIFA 2022 World Cup gala event, said a report

Share
The government plans to spend more than 47% of the national budget on major infrastructure projects.
The government plans to spend more than 47% of the national budget on major infrastructure projects.

Qatar government is set to spend around $103bn on major infrastructure projects in preparations for the FIFA 2022 World Cup event, said a report.

The government plans to spend more than 47% of the national budget on major infrastructure projects, reported Gulf Times, citing the organisers of Project Qatar construction expo which kicks off in Doha on 8 May.

George Ayache, the general manager of IFP Qatar, said: "The country is at a very acceptable equilibrium between the demand and supply in the construction market and growth will be witnessed as of 2018 and onwards."

He added: “The construction industry plays a very important role in achieving infrastructure development and thereby attracting foreign direct investments into the country, consistent with Qatar’s vision of becoming a leading hub in the region for world events, including the FIFA 2022 World Cup.”

For the latest MEP news from the UAE, Gulf, and around the world, follow us on Twitter and LinkedIn.

Most Popular

Sign up for Newsletter

Digital Edition

Read The Edition Here