DOHA: Qatar plans to invest over $140bn in transport infrastructure in anticipation of the FIFA World Cup 2022. Plans to construct new roads and the metro system are to support the anticipated influx of visitors, a Deloitte report that assessed Qatar’s construction sector noted.
Deloitte experts noted Qatar Tourism Authority plans to invest about $20bn on tourism infrastructure as the number of tourist arrivals grows at a rate of 15.9 percent compounded annually, to reach 3.7m by 2022. This growth also creates opportunities for the development of commercial units, such as various shopping malls around Qatar.
Environmental sustainability has become a key item in the government’s agenda. One of the key goals for the Q2022 programme is to improve environmental sustainability, not only limited to the event but also for the entire country. The report suggests that the programme may deliver a new environmental sustainability standard and improve nationwide awareness. The immense opportunities exist for developers is partly due to the infrastructure requirements of the FIFA World Cup 2022, and as part of realizing Qatar’s National Vision plans.
Jesdev Saggar, Managing Director, Infrastructure & Capital Projects at Deloitte Corporate Finance Limited commented: “With the world focused on Qatar’s every move, it is imperative that the local industry prepares itself for the plethora of international organisations that are ready to descend on Doha. Preparing for the competition is as important to everyone on the built environment, as it will be when the games start.”
Deloitte’s latest findings are in line with another report issued by it during May 2013. This report highlighted that the ingredients for capital projects could not be better in the GCC region as the I&CP (Infrastructure & Capital Projects) market is growing rapidly with governments announcing projects across the Middle East region.
The Peninsula
