Qatar’s multi-billion power and water capacity plans
Construction contracts worth a total of US$3.2 billion (QR11.7 billion) are set to be awarded within the Qatar power and water sector in 2013, according to a major research firm.
The figure ranks Qatar fourth among the six Gulf Cooperation Council (GCC) countries (see below) Ventures Middle East revealed in December.
The combined GCC figure of US$32.4 billion (QR118 billion) represents a resurgence in investment following the Arab Spring-related political tensions of 2012, which dampened appetite for public spending.
The bounce-back is being driven by infrastructure developments backed by both governments and public private partnerships, which are “surging ahead”, according to a Ventures report. This is particularly the case in Qatar, which will begin to roll out infrastructure contracts in preparation for the 2022 World Cup – a considerable chunk of which will be in the electricity sector as it seeks to power its new facilities.
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