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Projects worth $125bn to bolster Qatar’s regional development status

Qatar: Monday, April 16 - 2012 @ 13:10

Among the major developments in the pipeline are projects for a $7bn international airport; a $5.5bn deepwater seaport; and $20bn for new roads and highways, while constructing 12 Eco – Friendly stadiums has been estimated to cost over $32bn with the first stadium ready by 2015.

More and more regional and international investors are showing great interest in Qatar’s construction market and the opportunities posed by the country’s hydrocarbon wealth and stable business environment. Saudi companies in particular are eyeing business and investment prospects in the neighboring Gulf state. In a special press conference held yesterday (Sunday, April 15, 2012) at the Al Faisaliah Hotel in Riyadh, Fadi Kaddoura, Group Vice President of the organizer IFP Group, explained how the upcoming Project Qatar: the 9th International Construction, Building, Environmental Technology and Materials Exhibition, is an important platform for Saudi and international developers and investors to enter the dynamic Qatari construction market.

“The 62,000 sqm exhibition will run from April 30 till May 3, hosting over 2,000 exhibitors representing 47 countries, out of which 26 are participating under national pavilions. The Saudi Pavilion gathers 20 prominent companies, and is organized by our sister company, the Riyadh Exhibitions Co. – REC,” Kaddoura said. He also added that over 42,000 trade visitors and construction professionals are expected to visit the fair from the whole region, with major visitor turnout expected from Saudi Arabia.

The press conference was attended by representatives from the Riyadh Chamber of Commerce and Industry as well as Commercial Counselors and Trade Commissioners from several Embassies of countries taking up major participation at Project Qatar 2012.

Saudi participants at Project Qatar 2012 in particular stand to benefit from the Kingdom’s proximity to Qatar, the flexible custom regulations they share which gives them a competitive edge over other foreign exhibitors at the event.

Two other major shows will run concurrently with Project Qatar 2012: Qatar Stone Tech 2012 – The International Stone and Stone Technology Show held in association with Verona Fiere and Confindustria Marmomacchine Association, and Heavy Max 2012 – The International Exhibition for Heavy Machinery and Construction Equipment and Plants.

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Monday, April 16- 2012 @ 13:10 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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