DOHA: Qatar’s investment in infrastructure is anticipated to reach about $150bn (about QR546bn) over the next few years leading up to the 2022 FIFA World Cup and in line with Qatar’s development plan said a statement issued by the organiser of the upcoming ‘Project Qatar’ event referring to a report published by First Qatar Real Estate Development Company.

New studies and reports signal continued evidence of Qatar’s construction growth despite the drop in oil prices driven by the National Vision (QNV) 2030 – the country’s economic diversification policy – as well as the rapid approaching deadline for the 2022 FIFA World Cup.

Qatar has set the benchmark for the construction industry in terms of quality and number of contracts awarded in infrastructure. It is currently poised for an extended period of even more heightened activity maintaining a steady growth driven by the government’s long-term economic development plan QNV 2030.

In this context Qatar is considered to be Middle East’s most reliable economy to attract foreign investments and businesses due to its abundance in terms of natural wealth and its clear openness for attracting foreign investment.

It also has one of the world’s most comprehensive and ambitious economic development and infrastructure programmes.

According to Qatar Investment Fund Qatar is projected to witness a super-normal pace for the next 5-7 years having already validated a huge boom in the construction sector resulting in a large number of infrastructure projects. This includes $20bn investment in roads; $40bn investment in railways; $4bn investment in stadiums; $8bn investment on a deep-water seaport; and about 10000 hotel rooms to be built in the upcoming years. The country has set an investment programme which includes more than 700 individual projects of more than $30bn to be implemented. This will make Qatar capable of hosting Qatar 2022 and meeting the needs of growth beyond the Fifa World Cup.

Project Qatar (PQ) IFP Qatar’s annual exhibition aims to support the construction sector in Qatar giving local and international traders in-depth insights into the latest products and services in the field of construction such as new building materials heating ventilation and cooling (HVC) mechanical electrical adn plumbing (MEP) heavy equipment stone technology construction tools and technologies interior design security and safety systems contracting trading and many others.

The four-day exhibition that will be held from May 9 to 12 will bring together hundreds of manufacturers suppliers and industrial professionals from Austria Bangladesh Belgium Canada China Cyprus Czech Republic Denmark Egypt France Germany Greece Hong Kong India Iran Italy Jordan Malaysia Malta Morocco Oman Pakistan Poland Portugal Qatar Romania Serbia Singapore Slovakia South Korea Kuwait Spain Thailand The Netherlands Turkey UK Ukraine USA and UAE. They will share their ideas and experiences in the field of construction while building strategic collaborations and partnerships.

“The country’s construction sector appears poised to continue its growth towards the 2022 FIFA World Cup said IFP PQ Project Manager Rawad Sleem adding “Project Qatar will continue to contribute year after year aided by the strong support of the Qatari government yielding value to the construction industry in Qatar and beyond.”

“For this year we have already registered a record number of strategic partners and sponsors such as Gulf Organization for Industrial Consulting Ministry of Municipality and Environment Qatar Society of Engineers among others” Rawad Sleem said.

For B2B matchmaking platform this year’s edition of the event has been designed for professionals to meet exhibitors that match their products and work profile and have enlisted a Canadian company ‘B2B2GO’ one of the top international experts in the field.

The Peninsula