Qatar set to award $26.2bn contracts

August 07, 2014 - 12:00:00 am

DOHA: Qatar will award projects worth a total $ 26.2bn in 2014, compared with just $9.4bn last year.

Infrastructure project awards across the GCC are forecast to exceed $86bn this year, an increase of 77.8 percent over 2013, new figures released by construction intelligence firm Ventures Onsite showed.

In the UAE, projects worth a total of $15.18bn will be awarded, almost five times the 2013 contracts, while in Oman infrastructure awards are expected to reach $7.4bn . Bahrain, which awarded $382 million last year, is expected to award $3.4bn. Kuwait is expected to award $3.45bn worth projects. Saudi Arabia’s forecast award of $29.34bn — the highest in the region — represents a decrease year on year.

Infrastructure projects make up 16 percent of the total construction value of GCC projects, and rail projects like the Riyadh Metro are the main beneficiary. According to Ventures, it is estimated the rail sector is worth $ 200bn as the six countries aim for an integrated GCC-wide network by 2018.

The figures were released by Ventures Onsite, the intelligence partner for Middle East Concrete and PMV Live exhibitions, which run alongside The Big 5 international building and construction show set to take place in Dubai in November.

Infrastructure is a key focus for seminar sessions at this year’s Middle East Concrete and PMV Live exhibitions. During the first day there will be a panel session entitled ‘Market update and future forecast of the Middle East’s infrastructure sector’ which will look at the key issues the region has to overcome.

Panellist Paul Groves, head of tunnelling & ground engineering with Atkins, will also present a case study on a metro project.

Atkins is among the leading rail sector consultants in the Middle East, has recently set up a centre of rail excellence and is involved in major rail and metro projects in the UAE, Saudi Arabia and Qatar. Atkins first developed its team to provide multidisciplinary design and management of the civil works on Dubai Metro seven years ago.

“Existing roads are already over capacity, to the point where congestion is having an impact on the local economy and quality of life for residents,” said Dr Ghassan Ziadat, director of planning and infrastructure for Atkins.

But it is not simply about cutting congestion and improving freight transport links. The railway network will create new jobs and bring environmental benefits to the region according to Feras Shadid, a rail assurance and asset management consultant who will also be a panellist at the infrastructure seminar on the first day of the exhibitions.

“Rail networks create a more sustainable society that is not dependent on one mode of transport for passengers and goods. Also the environmental advantages of using railways have been documented extensively, and the rail projects will create a range of employment opportunities including high-tech engineering positions,” Shadid said.

The Peninsula

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