The focus will be on transport and tourism infrastructure
QATAR plans to invest more than $200 billion in construction projects with focus on transport and tourism infrastructure and expansion of the Doha airport as the country enters a critical phase of its preparations to host Fifa World Cup in 2022, according to a report.
Having been selected to host the FIFA World Cup brought forth the opportunity for Qatar to position itself as a regional sporting hub, said a report by Deloitte entitled ‘Insight into the Qatar construction market and opportunities for real estate developers’.
Qatar National Vision 2013 and programs such as Q2022 are focusing on leaving a legacy for Qatar in terms of football, infrastructure and economic development, stated the top financial advisory firm in its report.
The report examines the construction market in Qatar and assesses opportunities for real estate developers in the country. It also looks into the government’s strategy of promoting sustainable tourism with the purpose of attracting more tourists and visitors.
Projects such as the Qatar-Bahrain causeway is an example of this strategy, as it will help drive regional tourist arrivals in Qatar.
On the infrastructure side, Qatar plans to pump in more than $140 billion to develop its transport infrastructure ahead of the FIFA Cup 2022.
Qatar Tourism Authority plans to invest about $20 billion on tourism infrastructure as the number of tourist arrivals grows at a rate of 15.9 per cent compounded annually, to reach 3.7 million by 2022. This growth also creates opportunities for the development of commercial units, such as shopping malls.