Project Qatar promotes the nation’s infrastructure boom
IFP Qatar’s annual exhibition, Project Qatar (PQ), will provide traders with insights to further push and maintain the growth within the construction sector.
Reports reveal that Qatar’s construction sector seems to be growing despite the oil slump. The sector, largely driven by Qatar National Vision 2030 and 2022 FIFA World Cup, will have infrastructure investments anticipated to reach $150bn over the next few years, according to First Qatar Real Estate Development Company.
The Qatar Investment Fund has projected the country to witness a super-normal pace for the next five to seven years. The fund reveals infrastructure investments includes $20bn in roads; $40bn in railways; $4bn in stadiums; $8 bn on a deep-water seaport; and 10,000 hotel rooms to be built in the upcoming years. Qatar’s investment programme includes more than 700 individual projects worth more than $30bn to be implemented.
The PQ exhibition will include construction products and services such as new building materials, HVAC, MEP, heavy equipment, stone technology, construction tools and technologies, interior design, security and safety systems, contracting, and trading.
IFP PQ project manager Rawad Sleem said: “Project Qatar will continue to contribute year after year aided by the strong support of the Qatari government, yielding value to the construction industry in Qatar and beyond.”
This year’s show will be promoting an educational side with several workshops. PQ will be held at the Doha Exhibition and Convention Center (DECC) from 9 and 12 May 2016 with new operating hours from 2pm to 9pm.