Project Qatar To Showcase Multi-Billion Dollar Post-FIFA 202...| MENAFN.COM

Wednesday, 30 November 2022 11:33 GMT

Project Qatar To Showcase Multi-Billion Dollar Post-FIFA 2022 Projects


(MENAFN- The Peninsula) Lani Rose R Dizon | The Peninsula

Doha: A number of multi-billion dollar infrastructure projects post-World Cup will take centre stage at the Project Qatar which will run concurrently with the Hospitality Qatar from June 6-9 at the Doha Exhibition and Convention Centre, officials announced at a press conference yesterday.

Billed as 'One Show, Multiple Opportunities' event, both Project Qatar and Hospitality Qatar expect to receive over 20,000 visitors, with the participation of more than 300 exhibiting companies distributed among 180 international firms from 30 different countries. 

The event will also feature seven official national pavilions, along with 120 Qatari companies from major government and semi-government agencies, as well as the most prominent private sector companies.

While the Public Works Authority (Ashgal), a strategic partner of the event, will highlight its role and contributions over the past years in preparing the necessary infrastructure for hosting the upcoming FIFA World Cup Qatar 2022, several public and private sector groups will also showcase their post-World Cup projects in the country, a reflection of bright prospects for Qatar's construction industry.

Responding to The Peninsula during the press conference, officials from Investment Holding Group (IHG) and Metito said the companies are currently working on new multi-billion dollar investments in Qatar, which will be completed in the next few years.

“Diversification is extremely important. We're embarking from medical to tourism sectors. We're building a 7-star hospital near The Pearl-Qatar, and a Korean Medical Centre which will offer a more holistic approach. It's a considerable investment in healthcare going forward. And we'll continue working in that industry, and continue expanding our healthcare business in Qatar,” said Dr. Henrik Christiansen, Group Chief Executive Officer at IHG, who added that both hospitals are valued at around $2.5bn.

Metito, which has recently been awarded with the biggest desalination plant and largest wastewater treatment plant projects in the world, is also heavily investing in its Qatari operations which began in the mid-70s.

“We are exporting and executing a lot of projects to different countries from our Qatar office. Locally, we're participating in over 30 oil and gas projects, amid the North Field Expansion. Also, there are a lot of opportunities in the water and wastewater treatment in Qatar. More recently, we have partnered with another main client for a $1bn investment in treatment plant in Qatar for the next two to three years,” said Walid Oraby, Executive Director at Metito.

Other companies which will be featured during the expo include Suhail Industrial Holding Group, the largest industrial company in the Qatari private sector. The company is currently exploring opportunities in industrial production based on the recycling of metals.

Jaber Alhajeri, Head of Public Relations at QTerminals added:“The company's participation in Project Qatar this year aims to highlight the company's past accomplishments and educate the audience of the event about the firm's goals for the next phase, as well as to form new collaborations with local and international market players”.

Haidar Mshaimesh, General Manager of IFP Qatar, the organiser of the event, reiterated that the expo will be the last major international trade event hosted by Qatar before the FIFA World Cup 2022.

He said that several international trade delegations will also be able to benefit from their visit to Qatar and assess the country's readiness for the upcoming championship. In particular, he called attention to the visit of a large delegation from the Federation of Saudi Chambers of Commerce, comprising more than 25 members, which is the highest commercial delegation from the Saudi private sector to visit Qatar since relations returned to normal between both countries. 

Other dignitaries including Turkish Ambassador to Qatar H E Mustafa Goksu, Italian Ambassador to Qatar H E Alessandro Prunas, and Deputy Head of Mission at the German Embassy in Doha Dr. Julia Harrer also spoke during the event.

In addition to Ashghal as the strategic partner, the event is also supported by Qatar Chamber, as the business community partner, Qatar Tourism, as the hosted buyers sponsor, Manateq, as the economic partner, Qatari Diar, as the property development partner, IHG, as Diamond Sponsor, Suhail Industrial Holding Group, as industrial partner, Al Sraiya Holding Group, as Platinum Sponsor, Metito, as Gold Sponsor, Milaha and QTerminals as Silver Sponsor, along with Vodafone, as innovation partners, among others.

 

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