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DUBAI: Qatar is set for a construction boom worth an estimated US$60 billion (RM188.4 billion) in the wake of its successful bid for the FIFA World Cup 2022.
According to this week's issue of the Middle East Economic Digest (MEED), the projects would involve new stadiums, hotels, highways and a rail network among others.
MEED construction analyst Andrew Roscoe said building towards the World Cup would inject a new dynamism into the drive by Qatar, and the region, to diversify its economy away from its dependence on oil and gas.
"Almost US$60 billion worth of projects that were planned, will now definitely happen as a result of this success, giving a decade-long boost to the state's projects industry that had reached a peak," he noted.
MEED said a US$4 billion stadium building programme would see the construction of nine new eco-friendly, cutting-edge football stadiums and the expansion of three existing ones.
Additionally, Qatar will build over 80,000 new hotel rooms by 2022, 10,000 to 15,000 of which, will be ready by the end of 2010.
A US$20 billion road improvements and expansion programme will include the US$687 million Lusail Expressway, Doha Expressway, Dukhan Freeway and the Doha Bay Crossing, MEED said in a detailed analysis of the impact of the World Cup success for Qatar.
It said a US$25 billion rail network would cover the construction of a metropolitan railway in Doha, a high-speed rail link between New Doha International airport, Doha city centre and across the proposed Qatar-Bahrain causeway into Bahrain, in addition to a freight line that would link up with the wider Gulf rail network.
MEED reckoned that a scheme to build the US$4 billion Qatar-Bahrain Causeway would be given renewed impetus in light of the World Cup hosting honour for Qatar. — Bernama
According to this week's issue of the Middle East Economic Digest (MEED), the projects would involve new stadiums, hotels, highways and a rail network among others.
MEED construction analyst Andrew Roscoe said building towards the World Cup would inject a new dynamism into the drive by Qatar, and the region, to diversify its economy away from its dependence on oil and gas.
"Almost US$60 billion worth of projects that were planned, will now definitely happen as a result of this success, giving a decade-long boost to the state's projects industry that had reached a peak," he noted.
MEED said a US$4 billion stadium building programme would see the construction of nine new eco-friendly, cutting-edge football stadiums and the expansion of three existing ones.
Additionally, Qatar will build over 80,000 new hotel rooms by 2022, 10,000 to 15,000 of which, will be ready by the end of 2010.
A US$20 billion road improvements and expansion programme will include the US$687 million Lusail Expressway, Doha Expressway, Dukhan Freeway and the Doha Bay Crossing, MEED said in a detailed analysis of the impact of the World Cup success for Qatar.
It said a US$25 billion rail network would cover the construction of a metropolitan railway in Doha, a high-speed rail link between New Doha International airport, Doha city centre and across the proposed Qatar-Bahrain causeway into Bahrain, in addition to a freight line that would link up with the wider Gulf rail network.
MEED reckoned that a scheme to build the US$4 billion Qatar-Bahrain Causeway would be given renewed impetus in light of the World Cup hosting honour for Qatar. — Bernama
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