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Qatar Projects: A Presentation by MEED

Qatar has a GDP of $130 billion supported by large natural gas reserves. It plans to spend over $100 billion on infrastructure projects by 2022 to support hosting the FIFA World Cup, including nine new stadiums, a new airport, port, and rail network. Qatar's economy is expected to grow significantly due to rising energy prices and production, however ensuring sustainable revenue after the World Cup and managing inflation will be challenges.

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64 views

Qatar Projects: A Presentation by MEED

Qatar has a GDP of $130 billion supported by large natural gas reserves. It plans to spend over $100 billion on infrastructure projects by 2022 to support hosting the FIFA World Cup, including nine new stadiums, a new airport, port, and rail network. Qatar's economy is expected to grow significantly due to rising energy prices and production, however ensuring sustainable revenue after the World Cup and managing inflation will be challenges.

Uploaded by

raj_ran
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Qatar Projects

A presentation by MEED
Qatar facts

• Cash-rich Qatar has a gross domestic product (GDP) of


some $130bn
• The population is small at 1.6 million; expatriates, mostly
male, far outnumber Qataris
• It has been ruled by the Al-Thani family since the mid-1800s.
In 1995 Crown Prince Hamad bin Khalifa al-Thani deposed
his father to become emir
• Qatar has the third largest gas reserves in the world after
Iran and Russia, despite its 11,600 square kilometres; in
2008, proven gas reserves were 25.37 trillion cubic metres
• In 2006 Qatar became the world’s largest exporter and trans-
shipper of liquefied natural gas (LNG), overtaking Indonesia
Qatar gross domestic product
(QRm) 2009 2010e 2011f
Nominal oil and gas 165,325 235,500 318,650
GDP
% change -23.1 42.4 35.3
Nominal non-oil and 192,535 223,025 256,590
gas GDP
% change 2.4 15.8 15.0
Total nominal GDP 357,860 458,525 575,240
Nominal GDP % change -11.2 28.1 25.5
% real GDP growth 8.7 14.5 17.0

e=estimate; f=forecast
Source: Qatar National Bank
Qatar economy
• The International Monetary Fund expects the economy to expand
by 18.6 per cent in 2011
• The official budget surplus in 2010-11 is estimated at QR58.3bn,
12.1 per cent of GDP
• Rising energy prices and production is expected to result in
surpluses reaching $130bn by 2015
• Sustaining gas export revenues will be essential if Doha is to avoid
an excessive debt burden from the World Cup
• There is a risk that high inflation, as seen in 2006-08, will return.
Planning and sensible scheduling is critical, as is an early start to
building transport projects
• The sovereign wealth fund Qatar Investment Authority (QIA) holds
assets that exceed $90bn
Qatar infrastructure
• Even before the World Cup was confirmed, Doha had a major
infrastructure programme planned
• It included $35bn for a new rail network, $20bn on roads and
$25bn on real estate
• Some $10bn was earmarked in 2010-11, including the New Doha
International Airport and the New Doha Port
• Most projects formed part of the winning 2022 proposal, so are
likely to be implemented in the next five years
• The Qatar-Bahrain landbridge was put on hold in June 2010 but
will now get renewed attention
• Over the next five years, Qatar will invest more than $40bn on
centrepiece projects-a $25bn rail network, a $11bn new airport and
a $5.5bn new deepwater seaport
Qatar World Cup 2022

• The bid’s unique selling point is marrying 21st-century


technology with financial largesse accrued from hydrocarbons
• The cost of building nine new World Cup 2022 stadiums and
refurbishing three is comparatively small, at $3-4bn
• But the associated transportation and social infrastructure will
put spending over $100bn in the next decade. More than
65,000 new hotel rooms are to be built
• There is still considerable work to be done in planning for
2017-2022
• A key milestone in the World Cup delivery programme is the
establishment of a permanent agency in Q2 2011. One of its
first tasks will be to appoint a project manager
Announced and unawarded projects,
February 2011

Source: MEED Projects


Qatar oil, gas and industry
• Activity in the energy sector is likely to be subdued in
the medium term after unprecedented investment in
2002-07
• The moratorium on developing the North Field means
no new gas export projects are likely before 2015
• Following record investment in power, desalination
and wastewater, Doha will only require new capacity in
2014-15
• New ethane allocations mean Qatar will be one of the
few Gulf states to proceed with new petrochemical
schemes in the medium term
• The under-construction Barzan gas development is
expected to provide additional gas feedstock for steel
and aluminium capacity
How MEED can help you

• Subscribe to MEED magazine and MEED.com for


dedicated Qatar and World Cup coverage
• Subscribe to
MEED Projects’ new Qatar Projects package to help
you to win contracts in Qatar
• Buy MEED Insight’s off-the-shelf
Qatar Projects Report 2011-22
• Attend MEED Events’ Qatar Transport event in Doha in
June or Infrastructure Projects event in London in July
• If you are interesting in advertising around MEED’s
Qatar coverage or sponsoring a MEED event, please
contact us – [email protected] or
[email protected]

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