DOHA: The Qatar Railways Company (Qatar Rail), the company that oversees construction of Qatar’s multi-billion dollar integrated rail network, is to showcase the investment and business opportunities in the project to foreign investors.
In partnership with UBIFRANCE, the French Agency for International Business Development, Qatar Rail will be hosting a two-day conference and workshops in Paris to explore vast investment opportunities generated by the $40bn rail project.
UBIFRANCE is an executive agency of the French government.
Scheduled to be held on November 7-8, 2013, the conference will showcase opportunities in Qatar Rail, as well as to develop partnerships and discover business trends. The B2B meetings will help the French companies to improve their understanding of Qatar Rail, and seek opportunities to take part in the project as foreign suppliers and investors.
UBIFRANCE is showing enormous interest in the project. The French Trade Commission’s UAE office noted in a press note sent in to The Peninsula yesterday: “The Phase 1 in the metro project, which consists of 37 stations and three lines extending 105km for a ¤20bn budget, does imply a great many needs in a wide variety sectors… This project brings together over one hundred opportunities within the framework of the railway urban infrastructure projects managed by QRail”.
“What Qatari delegation is seeking is to foster commercial and industrial partnerships between Qatar and SMEs in countries that enjoy a mature urban transport sector and industry. France is certainly in a position to meet this requirement. In addition to being the 2nd-ranking railway power in Europe, France enjoys an excellent worldwide reputation”, the French Trade Commission said.
The event will start with a workshop highlighting various aspects in the project. An introduction to the metro project will be followed by presentation of the 4 consortiums selected to implement it. The workshop will then continue with a testimonial by major companies established in Qatar and who actively support these meetings being held in Paris.
The French-Qatari railway event is supported by Qatar Development Bank, Economic Zones Company, Qatar Chamber, and the four consortiums that were awarded the design & build packages (ISG, Qatari Diar/ Vinci Construction GrandsProjets - GS Engineering and Construction Corp – AI-Darwish Engineering WLL, PORR Bau GmbH – Saudi Binladin Group Company Ltd. – Hamad Bin Khalid Contracting Co WLL, Samsung C&T Corporation – ObrasconHuarte Lain SA – Qatar Building Company), Systra, RATP Development, VosslohCogifer and Alstom.