In its Qatar National Vision 2030 development plan, the country has identified infrastructure building as key to engendering “a dynamic and more diversified economy”. Added to this long-term outlook is the impetus created by hosting the 2022 FIFA World Cup, during which athletes and spectators from around the world will play in Qatar’s...
Driven by government infrastructure spending related to Qatar National Vision 2030 and the upcoming 2022 FIFA World Cup, Qatar’s construction industry has flourished over the past five years to become a key engine of the economy. The laying of new rail and metro lines, a growing airport and port, and a rapidly expanding road network have...
Qatar has allocated QR1bn ($274.6m) from its 2019 budget of QR206.7bn ($56.8bn) to the expansion of Hamad International Airport (HIA), with Qatar Airways, the nation’s flag carrier, forging new links for air passengers and cargo in the first quarter of 2019. As part of the annual budget statement announced by Sheikh Tamim bin Hamad Al Thani,...
In October 2018, as part of its efforts to drive foreign direct investment (FDI) and industrial diversification, Qatar pledged to invest $3bn in new free zones (FZs) and industrial clusters around key logistics centres. According to the Qatar Free Zones Authority (QFZA), the Umm Al Houl Free Zone will open near the Hamad International Port in...
The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower air fares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred growth in air travel, as more people are able to afford flights for holidays or business-related travel....
Work is expected to begin on the second phase of the Hamad Port’s development in 2019 after approval was granted by the Ministry of Transport and Communications. The seaport gave the blockaded peninsula a vital lifeline in 2017 and enabled it to continue trading in non-oil goods throughout 2018, achieving significant milestones along the way....
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