Qatar to sink $30 billion in infrastructure - official
The Public Works Authority (Ashghal) will invest $30 billion in building and infrastructure projects in the next five to seven years, an Ashghal official said on Tuesday.
Speaking at a meeting hosted by Qatari French Business Club (QFBC) in Doha, the Manager of Drainage Projects and Assistant Manager of Highways projects of Ashghal Nasser Ghaith al Kuwari said that the projects include major road and drainage projects “The major projects to be accomplished during the next few years include among others the crossway, which links Hamad International Airport to West Bay. It is an iconic and prestigious project of Qatar.
Ashghal is in the final stage of contract negotiation with the designer. The project is expected to complete by 2020”, al Kuwari said.
Kuwari added, “The upcoming projects also include Lusail Expressway, the drainage and sewage projects named Inner Doha Re-sewage Implementation Strategy (IDRIS), 900 kilometre roads, 216 roads and 240 major intersections.” A total of 120 buildings are expected to be built by Ashghal in the next couple of years.
Besides, Ashghal’s five-year projects include construction of as many as 18 hospitals, 14 educational institutions, 28 municipality buildings and 15 religious endowment projects.
The event was attended by over 70 delegates including QFBC members and representatives of different business organisations.
- The reality of realty: inbound property investments in GCC 'far less' than outbound
- Dubai's hospitality sector is a sound investment
- Quiet and wise: How Oman is transforming itself into a major logistics hub
- Revealed: the top real estate tycoons in the ME
- Why did no one invest in the Suez Canal during the Economic Summit?