Posted on February 04, 2011

A selection of Qatar’s most influential and senior industry figures will come together next week at Meed’s Qatar Projects 2011 conference, taking place at the Grand Hyatt hotel in Doha. The event will focus on the industries, trends and projects that will drive Qatar’s economy over the coming decade, both in the energy and non-energy sectors.

Speakers will include Deputy Premier and Chief of the Emiri Diwan, H E Abdullah bin Hamad Al Attiyah, H E Sheikh Abdullah Saoud Al Thani; the Governor of Qatar Central Bank; George Nasra, Managing Director of IBQ; Eng Saad Ahmed Ibrahim Al Mohannadi, Director, Technical Affairs at Qatar General Electricity & Water Corporation (Kahramaa) and Jan Arve Haugan, Chief Executive Officer of Qatalum.

Following on from FIFA’s decision to award Qatar the rights to host its World Cup in 2022, the conference will of course feature a number of sessions surrounding the required infrastructures required to host the world’s biggest sports tournament.

The World Cup is set to launch a $60bn construction boom in Qatar with project spending in the Gulf state forecast to hit $ 100bn in the next five years. The nation will spend $4bn on building nine state-of-the-art stadiums and upgrading existing ones.

Edmund O’Sullivan, Chairman, Meed Events said: “Qatar will be one of the world’s most exciting project markets as work begins on the key facilities the country will need for the World Cup Finals.”

“But Qatar will also need huge capital investment to meet the needs of a population that’s going to double in the next 20 years.”

He added that it is not only Gulf-based contractors that are set to benefits from the raft of construction projects planned – Qatar Holding has a 9.1 per cent share in Hochtief, one of Germany’s biggest construction companies. Qatar is also a major investor in France’s Vinci.

“Qatar has the time and the money to ensure that the 2022 World Cup is just as spectacular as Doha’s bid to host the finals but planning needs to start now for the proposals to succeed,” said O’Sullivan.

Ahmad Jassim Al Jolo, Chairman, Qatar Society of Engineers said: “There will undoubtedly be an enormous international interest in Qatar projects as a result of FIFA’s decision. Things will start to move by the middle of next year, but we need to start with initial planning now. It’s a challenge, but a very encouraging one.”

Al Jolo will also be speaking at Meed Qatar Projects 2011 Conference in a panel session.

Qatari Diar is diamond sponsor of the event, alongside platinum sponsor, IBQ and supporting partner, Qatar Petroleum.

source: The Peninsula