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Posted On: 16 February 2013 12:16 pm
Updated On: 12 November 2020 02:12 pm

Construction contracts in Qatar to cross USD 60 Bn by 2014

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Qatar has now entered the next crucial stage in preparation for the 2022 World Cup, where a significant increase in the number of contracts in the active enterprise market is expected for the years 2013 and 2014. During this stage consultants work intensively and contractors brace for the tenders in preparation. They impatiently await the announcement of granted contracts, which are likely to reach 25-30 Billion US Dollars a year, making Qatar the leading enterprise market with the fastest growth rates in the world. These developments are to be discussed extensively during the upcoming Qatar Projects’ Conference 2013, which will be held under the patronage of His Excellency Dr. Mohammed bin Saleh al-Sada, Minister of Energy and Industry as well as Chairman & Managing Director of Qatar Petroleum, who will also be giving a keynote at the event on February 18, 2013. The conference will be held at Grand Hyatt Doha, supported by Qatar Petroleum, Qatar Chamber and the Public Works Authority, and will be characterized by an overview of the significant projects currently being developed, as well as projects to be granted, during a time where the country prepares for the biggest event it has known to date. “Contractors will be competing for the lion’s share of mega projects that have not yet been granted. One way of ensuring competition is through adopting Building Information Modeling solutions” according to Mr.Louay Dahmash, Sales Director in the Middle East at Autodesk Incorporated, adding “3D modeling software has become widely adopted by contractors and developers in the region. In the past year, Autodesk has witnessed double-digit growth in Qatar, as well as in the Middle East and Africa. Autodesk Incorporated, as well as our network of partners (over 80 partners), is helping companies in the region to adopt Building Information Modeling solutions. For example, through adopting Autodesk solutions for Building Information Modeling, Amana Contracting & Steel Buildings have cut production time by over a month.” Autodesk, a world leader in 3D design software, is a Bronze Sponsor of Qatar Projects 2013, with prominent regional clients that include Robert Bird Group, Dar Al Riyadh and the Saudi Diyar. According to Mr.Dahmash, Autodesk’s portfolio of Building Information Modeling solutions provide contractors with presentation tools that are essential for securing contracts, adding “Present your client with a realistic 3D image of the proposed project and he will like it. At this early stage, quantities can be calculated in order to estimate costs and ensure the possibility of implementing the project.” Qatar Projects Conference 2013 will offer insights and information on the Project Industry in Qatar, as well as vital networking opportunities for all participants. In addition to Qatar Petroleum, The ministry of Business and Trade, the Public Works Authority and Qatar Chamber, The International Bank of Qatar is a platinum sponsor of Qatar Projects Conference. United Development Company is a strategic partner, Qatar Islamic Bank and Kharafi National are Gold sponsors, Al Mashreq is a Silver Sponsor. Qatar Insurance Company, Brookfield Multiplex, Black Cat Engineering and construction and Autodesk are Bronze Sponsors. ‫Patton Boggs & ‫Dar SSH International are the lunch sponsors for the event, SEIB Insurance and Reinsurance Company is the breakfast sponsor. As for the reception, it is sponsored by PriceWaterhouseCoopers. Qatar Projects Conference is celebrating its tenth anniversary and is considered one of the most important conferences in the enterprise sector as it combines sector leaders, offering discussion on opportunities and challenges, in addition to providing an ideal platform for networking and connections, as well as forming new bonds that are bound to strengthen existing relations. Events organized by MEED have developed over the last decade to cover the region’s key business issues and sectors. From large-scale summits and conferences to unique one-to-one networking opportunities, MEED Events provide high-profile speakers, relevant and critical business content and the latest news from across the GCC. Source - QatarChronicle