Dozens of billions of dollars worth of infrastructure projects after the FIFA World Cup 2022 will be part of Project Qatar which will work in partnership with Hospitality Qatar from June 6-9 at the Doha Exhibition and Convention Center, officials announced at a press conference yesterday.
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Featured as a ‘One Exhibition, Multiple Opportunity’ event, both Project Qatar and Hospitality Qatar expect to receive more than 20,000 guests, with the participation of more than 300 exhibition companies being distributed among 180 firms from 30 different countries. The event will also feature seven official national leaflets, as well as 120 Qatari companies from major government agencies and government agencies, as well as key private companies.
Although the Public Works Authority (Ashgal), working on the strategies of the event, will highlight its role and contributions over the years in preparing the infrastructure needed to host the upcoming Qatar World Cup 2022, many public and private companies will also advertise their post-FIFA World Cup projects in the country, which is an indication of the bright prospects in Qatar’s construction industry.
Responding to the Peninsula during a press conference, officials from Investment Holding Group (IHG) and Metito said the companies were currently working on a new multi-billion dollar investment in Qatar, which will be phased out in the next few years. Diversity is very important.
We go from the medical field to the tourism industry. We are building a 7-star hospital near Pearl-Qatar, as well as the Korean Medical Center which will provide a complete route. It is a huge investment in health care going forward. And we will continue to work in that field, and continue to expand our healthcare business in Qatar, said Dr. Henrik Christiansen, Chief Executive Officer of IHG, adding that both hospitals cost around $ 2.5bn.
Metito recently awarded the world’s largest desalination plant and one of the world’s largest wastewater treatment plants, is investing heavily in its Qatari projects that began in the mid-70s. We send and do many projects in different countries from our Qatar office. Locally, we are participating in more than 30 oil and gas projects, during the expansion of Northern Stadiums. Also, there are many opportunities for water and wastewater treatment in Qatar.
Recently, we have partnered with another major client to invest $ 1bn in a Qatari medical facility for the next two to three years, said Walid Oraby, Managing Director at Metito. Other companies that will be on display during the show include Suhail Industrial Holding Group, Qatari’s largest industrial company. The company is currently looking at industrial production opportunities based on the recycling of metals. Jaber Alhajeri, Head of Public Relations at QTerminals added.
The Company’s participation in Project Qatar this year is aimed at highlighting the company’s past achievements and educating the event audience on the company’s next goals, as well as building new partnerships with local and international market players. For more to know about Qatar World Cup tickets Click here.
Haidar Mshaimesh, the General Manager of IFP Qatar, who is organizing the event, emphasized that the exhibition would be the last major international trade event hosted by Qatar ahead of the FIFA World Cup 2022.
He said many international trade delegates would be able to benefit from their visit to Qatar and assess the country’s readiness for the upcoming tournament. In particular, he drew attention to the visit of a large team of the Federation of Saudi Chambers of Commerce, comprising more than 25 members, the highest level of a trade delegation from the Saudi private sector to visit Qatar since relations returned to normal between the two countries.
Other dignitaries include the Turkish Ambassador to Qatar H E Mustafa Goksu, the Italian Ambassador to Qatar H E Alessandro Prunas, and the Deputy Head of Mission to the German Embassy in Doha Dr. Julia Harrer also spoke during the event. In addition to Ashghal as a strategic partner, the event is also sponsored by Qatar Chamber, as a business community partner.
Qatar Tourism, as a sponsored consumer sponsor, Manateq, as an economic partner, and Qatari Diar, as a real estate development partner, IHG, Like a Diamond Sponsor, Suhail Industrial Holding Group, as an industrial partner, Al Sraiya Holding Group, as Platinum Sponsor, Metito, as Gold Sponsor, Milaha and QTerminals as Silver Sponsor, and Vodafone, as innovative partners, among others.
The upcoming FIFA World Cup 2022 and Qatar’s National Vision 2030
Qatar Institute Management Market Research Report: Service, End User, Mode, Type Industrial Analysis and 2030 Predictability Growth Report added to the ResearchAndMarkets report. From an estimated $ 5,285.1 million by 2021, the market size of Qatari center management is expected to increase to $ 22,268.2 million by 2030, at a CAGR of 17.3% between 2021 and 2030.
A strong reason for that could be Qatar National Vision 2030, where the Qatari government wants to make itself less dependent on the oil and gas industry. As a result, infrastructure is being built on a large scale to support other industries, which, in time, will further the need for institutional care.
Some of the major ongoing construction projects in this regard are Sheraton Park, Western Green Spine in Doha, Sidra Medical Research Center, and the City of Education. In addition, the country will host the Qatar World Cup 2022, which is another important factor in promoting construction and infrastructure development here. The infrastructure, built at a cost of more than $ 220 billion, will need to be maintained even after the FIFA World Cup, thus creating a great need for institutional management.
In recent years, the most effective measure that has allowed these players in the Qatari real estate market to raise their money has been to get service contracts. For example, in June 2020, land reform contracts at the Singapore embassy and Al Kaabi Tower, both located in Doha, were secured by CBM Qatar LLC. For more to know about Spain Vs Germany Tickets click here.
These two-year contracts for security, mechanical, electrical, and plumbing (MEP), and cleaning services. The COVID-19 epidemic had a devastating effect on the need for institutional management by 2020 as many industrial and commercial centers were closed and there were restrictions on human mobility.
However, since the locks were raised, the demand for cleaning services has grown significantly, as the focus of organizations and individuals on general hygiene has grown exponentially. Real estate management services have seen the greatest demand in the Qatari real estate market to date because they include key resources that keep the infrastructure built in good working order.
The institutional approach will gain widespread popularity in the coming years as it allows industry and commercial organizations to turn their attention to these issues and focus on their core functions. Commercial consumers create the greatest need for institutional management in Qatar because clean and well-maintained shopping areas are important in attracting employers and tourists. The main practice of the Qatari institution is the management of green buildings, which the government supports to reduce power consumption.
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