Qatar ‘prepares $30bn pipeline’

The Qatar government is preparing for a bumper year of infrastructure delivery, with a report claiming up to $30bn-worth of projects will be awarded in 2015.

 

Among the high-profile projects due to be awarded are the Doha Metro, Al-Karaana petrochemical plant and the Ashghal Expressway.

 

The International Monetary Fund’s annual Article IV report on the Qatar economy showed the country’s budget and balance of payments surpluses were by far the highest in the region and were among the largest in the world. Its financial reserves are more than 100% of GDP.

 

It is the fastest-growing economy in the GCC, and is also about to embark on ambitious economic development and infrastructure programmes associated with its hosting of the 2022 Fifa World Cup.

 

In November, the country committed itself to developing more transport infrastructure and its rail network, announcing it would be investing over $40bn in the coming year.