{"id":37198,"date":"2016-12-06T18:59:29","date_gmt":"2016-12-06T11:59:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=37198"},"modified":"2016-12-06T16:22:30","modified_gmt":"2016-12-06T09:22:30","slug":"qatar-to-spend-13-billion-on-megaprojects-in-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/qatar-to-spend-13-billion-on-megaprojects-in-2017\/","title":{"rendered":"Qatar to spend $13 billion on megaprojects in 2017"},"content":{"rendered":"


\nQatar will invest up to US$13 billion in major infrastructure projects next year despite a slump in revenues resulting from low energy prices, the Gulf state’s finance minister said on Tuesday.Ali Shareef Al Emadi predicted growth of 3.4 per cent in 2017, in line with an International Monetary Fund estimate and up from a projected 3.2 per cent this year.”Increasing the investment in mega projects reiterates the country’s commitment to achieving its goals,” Mr Emadi told delegates at a Euromoney conference in Doha.”It is expected that on new projects in 2017, spending will be up to 46 billion Qatari riyals.”The minister added that the 2022 World Cup host had already spent almost 375bn riyals on large-scale projects.Most of the investment in the next few years will be in construction and transport as the country gears up to host football’s showpiece tournament.Speaking at the same conference, Qatar National Bank’s chief executive officer, Ali Ahmed Al Kuwari, said construction would account for 45 per cent of investment between 2015 and 2018, and transport almost 30 per cent.* AFPbusiness@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Qatar to spend billion on megaprojects in 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Qatar will invest up to US$13 billion in major infrastructure projects next year despite a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-37198","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9FY","jetpack-related-posts":[{"id":1181,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/qatars-seventh-fifa-world-cup-2022-stadium-to-be-part-of-new-waterfront-district\/","url_meta":{"origin":37198,"position":0},"title":"Qatar’s seventh Fifa World Cup 2022 stadium to be part of new waterfront district","date":"January 11, 2016","format":false,"excerpt":"\r \r Qatar\u2019s Supreme Committee for Delivery & Legacy (SC), the government body responsible for delivering the country\u2019s Fifa 2022 World Cup campaign, is to create a new waterfront district around its seventh proposed stadium in Ras Abu Aboud.The 40,000-seat venue will be on a 450,000-square metre site and includes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10884,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-construction-spending-in-qatar-plunges\/","url_meta":{"origin":37198,"position":1},"title":"New construction spending in Qatar plunges","date":"April 18, 2016","format":false,"excerpt":"\r \r The value of new construction contracts awarded in Qatar during the first three months of this year fell to their lowest levels in more than five years as governments in the region cut back on infrastructure spending because of lower oil prices. According to figures from Meed, contracts\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7816,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-construction-contract-awards-in-saudi-arabia-drop-25-in-final-quarter-of-2015\/","url_meta":{"origin":37198,"position":2},"title":"New construction contract awards in Saudi Arabia drop 25% in final quarter of 2015","date":"March 13, 2016","format":false,"excerpt":"\r \r The value of new construction contracts awarded in Saudi Arabia during the fourth quarter of 2015 slumped by 25 per cent on the previous quarter to 45.6 billion Saudi riyals (Dh44.6bn), according to new research by National Commercial Bank (NCB).Its Construction Contracts Award Index showed that 62 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4160,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/contractors-feel-the-pinch-as-saudi-government-goes-slow-in-awarding-projects\/","url_meta":{"origin":37198,"position":3},"title":"Contractors feel the pinch as Saudi government goes slow in awarding projects","date":"February 9, 2016","format":false,"excerpt":"\r \r The value of new contracts won by the Saudi contractor Abdullah A M Al Khodari & Sons last year fell by nearly 50 per cent as \"government entities did not proceed with awards\" in the run-up to its 2016 budget announcement in December.The company, which is based in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/contractors-feel-the-pinch-as-saudi-government-goes-slow-in-awarding-contracts\/","url_meta":{"origin":37198,"position":4},"title":"Contractors feel the pinch as Saudi government goes slow in awarding contracts","date":"February 9, 2016","format":false,"excerpt":"\r \r The value of new contracts won by the Saudi contractor Abdullah A M Al Khodari & Sons last year fell by nearly 50 per cent as \"government entities did not proceed with awards\" in the run-up to its 2016 budget announcement in December.The company, which is based in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-arabia-construction-contract-awards-drop-by-51-per-cent-in-first-three-months\/","url_meta":{"origin":37198,"position":5},"title":"Saudi Arabia construction contract awards drop by 51 per cent in first three months","date":"May 22, 2016","format":false,"excerpt":"\r Saudi Arabia's construction market is in for a \"challenging year\" as lower oil prices continue to place restrictions on capital spending, according to a new report by National Commercial Bank (NCB).NCB's quarterly construction contracts index reports that just 27.9 billion Saudi riyals (Dh27.3bn) of new contract awards were made\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37198"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=37198"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37198\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=37198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=37198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=37198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}