Projects worth “$4.5bn” have been awarded in Qatar in the first six months of 2019, with just under $5bn worth of contracts currently undergoing the bidding process, according to a recent report.
Of the remainder, “more than $23bn” worth of projects “are in the design stage and expected to come out for bid over the next 24 months,” while projects valued at “more than $46bn” are currently in the study stage, indicating "a healthy pipeline of construction activity" in the country, stated the MEED Projects report commissioned by ‘The Big 5 Construct Qatar’.
The country’s long-term vision for 2030 and preparations for the 2022 FIFA World Cup “continue to see increased construction demands,” said the report, which was disclosed Tuesday during the announcement of the second installment of The Big 5 Construct Qatar organised by dmg events from September 23 to 25 at the Doha Exhibition and Convention Centre (DECC).
According to dmg events, The Big 5 Construct Qatar is backed by its strategic partner, Qatar National Tourism Council (QNTC). “Renewed support to the country’s premier construction event comes in the backdrop of a successful launch in 2018, which facilitated business opportunities and international investments in Qatar’s $75bn construction project market,” it continued.
Speaking at the press conference, dmg events president Matt Denton said: “With a mission to support the expanding requirements of Qatar’s construction, transport, and infrastructure sectors, the event is proud to serve its strategic objectives and Qatar National Vision 2030.”
“It is a great honour for The Big 5 Construct Qatar to receive once again the patronage of HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani,” he continued.
During the press conference, Denton was joined by dmg events country manager Loubna Aghzafi, Ahmed al-Obaidli of the Qatar National Tourism Council (QNTC), Ali al-Marri of Taleb Group, and Al Darwish Engineering Group Development manager Ali Chahrour.
Al-Obaidli said, “The business events sector is an important pillar of QNTC’s wider strategy to develop tourism in Qatar. We value the contribution of business event organisers such as dmg events (Doha) in attracting both international and regional business players to the country.
“Construction professionals from around the world will be able to witness the opportunities generated by Qatar’s mission to create world-class infrastructure for citizens, residents, and visitors.”
Al-Marri said, “Our company always endeavors to accomplish high levels of quality service and afford innovative solutions. This is part of our mission to support the pillars of Qatar National Vision 2030.”
Chahrour added: “Al Darwish Engineering has always been a contributor to the construction sector. We are continuously improving our delivery through performance measurement and benchmarking to meet the demanding and ever changing needs of our clients.”
dmg events said the 2019 edition of the event will host 150 exhibitors from 20 countries, and will also provide industry professionals with learning opportunities from over 35 free Continuing Professional Development (CPD) certified courses.
In 2018, over 5,000 construction professionals attended and received a CPD-certification at the inaugural edition of the show, which welcomed more than 12,000 visitors.