While Qatar Project Management (QPM) is managing a $24.7bn global portfolio, with 11 mega projects in MENA alone, it expects Qatar itself to be the major source of its future growth, says COO Ezzat Ragab.
“The region has enough work to keep us busy for the next ten to 15 years. Saudi Arabia has major contracts for infrastructure; Qatar will be extremely busy – the country is investing in infrastructure in particular – so we wanted to be aligned with the market trend,” says Ragab.
QPM’s current project scope includes a growing spectrum of mega-projects underway in seven countries: Al Hourara Coastal Resort in Morocco, Ibn Hani Bay Resort in Syria, Al Rayyan Hills in Yemen and the Waterfront project in Libya, as well as three projects in Egypt, namely the Nile Corniche in downtown Cairo, Barwa New Cairo and the Sharm El Sheikh Resort.
“The $580m Nile Corniche project in Cairo comprises a five-star St Regis Hotel. We have almost completed the Level 8 slab and have used 700,000m3 of concrete to date.
“Within Qatar, QPM is currently providing project management services for three key developments, namely Phase 1 of Barwa City, Barwa Commercial Avenue and Barwa Financial District,” says Ragab.
The Mushaireb development in Khartoum, Sudan has just handed over the first of its apartment towers to the client. “The Mushaireb development is hugely important to QPM. We are working well on it with Qatari Diar. Mushaireb represents a milestone for QPM in that it is an international project.
“The size, scale and prestige of Mushaireb – a 200,000m2 landmark community in a premium waterfront location – are also important to QPM, as we like to be associated with the finest projects. Our involvement in the development is total, providing complete project management, design management and cost management services on an ongoing basis.”
You must be logged in to post a comment.