Qatar development spending has further to go
| Projects |
|---|
North Field LNG Expansion |
Lusail Development |
Schools (Qatar Public - Private Partnership) |
Sharq Crossing |
Urban beautification |
Qetaifan Island |
Pearl Qatar |
Power Generation |
Medical City(Hospitals) |
Expressway projects |
Roads and Drainage Program |
Based on ARI estimates, Qatar spent more than $300 billion on development projects over the last decade… an average of $550 million a week
Many components of longer-term plans were fast-forwarded to be completed in time for FIFA World Cup Qatar 2022. Spending included projects such as roads; highways; a new port; an underground metro; airport expansion; water, sewage and power infrastructure; parks; museums; hotels; leisure and entertainment facilities; and a new city called Lusail.
A number of key projects are still ongoing or will soon be under way; these are estimated to total more than $200 billion
Due to the priority of World Cup related projects, many plans were put on hold till after 2022 and include the Sharq crossing; building a rail network; additional development of Lusail; and expansion of the metro. This is in addition to the $50 billion expansion of LNG production (North Field Expansion).
Al Rayan Investment