Council News

Qatar Infrastructure Plans Toward 2022

 

Here is a link to the Press Release of the Event;

Here is a link to photos from our Facebook page!

 

 

The US-Qatar Business Council

in collaboration with:

U.S. Commercial Services (Qatar) & National US-Arab Chamber of Commerce

will be hosting the First Qatari Infrastructure Delegation to visit the USA since the 2022 FIFA World Cup Announcement. Qatar's Infrastructure Plans Towards 2022 - Projects Calling for U.S. Participation, will feature senior-level representatives of ASHGHAL, Qatar's Public Works Authority.


The State of Qatar has been chosen to host the 2022 World Cup, creating a wide range of business opportunities for U.S. companies. The Arabian Gulf country plans to spend up to $100 billion in infrastructure projects between now and the Games in 2022, including roads, bridges, highways, railways, ports, and related consultancy services. There are excellent opportunities for U.S. engineers, program management firms, and manufacturers to contribute to the creation of new transport infrastructure projects to be tendered by the Qatari Government.

The Prime Minister, H.E. Sheikh Hamad bin Jassim Al-Thani has stated that a significant share of Qatar’s budget for 2010-2011 will be for infrastructure development, and it will be completely self-financed. Earmarks for infrastructure upgrades include the New Doha International Airport, New Doha Seaport, the Doha Expressway Project, roads, and others.

Ashghal (the Public Works Authority) is one of Qatar’s key agencies supervising infrastructure development -- including but not limited to roads, drainage, waste water treatment, and government building projects. Ashghal has been driving an unprecedented construction boom in the last few years to help Qatar achieve its National Vision of 2030, in which Qatar seeks to transform itself into a world-class sports, business, and tourist hub. Ashghal’s timetable to achieve world-class projects has been accelerated with the 2022 World Cup nation host win, and with this in mind, Ashghal is traveling to the United States in search of robust assistance from premiere program management, engineering, consultancy, design and equipment providers.

The United States continues to be the largest import partner to Qatar, accounting for 14 percent of the total import market. Since 2003, U.S. exports have surged by 495 percent, from $454 million to $2.7 billion in 2009. Qatar is the fifth largest U.S. export destination in the Arab world, making it an important market for U.S. small and medium-sized businesses. Qatar is one of the richest countries per capita in the world, posting one of the highest GDP per capita values ($90,000) and a GDP forecasted to be $128 billion. The IMF predicts that Qatar will grow by 20 percent in 2011, and the World Bank recently announced that Qatar is the most economically competitive nation in the Middle East and ranked highest in the region by Transparency International.

 

 

For more information about how you can get involved with projects in Qatar, contact our office directly.

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 The St. Regis Doha offers USQBC members a discounted room rate. Interested parties should contact Mija Coit for further details.

 

 

 

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