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Posted On: 29 January 2012 04:13 pm
Updated On: 12 November 2020 02:11 pm

European construction firms flocking to Qatar

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A number of major European construction firms are moving to Qatar to escape the worsening debt crisis at home. According to MEED’s 2011-12 Qatar Projects Report, more than $106 million worth of major projects will be taking place in Qatar over the next ten years and European firms are keen to get a piece of the action. “More European architecture and construction firms are expected to head to Qatar as it invests heavily in building a world-class infrastructure system both for the FIFA World Cup Finals in 2022 and for Qatar Vision 2030,” Edmund O’Sullivan, chairman of MEED said. Major infrastructure projects which will be worked on over the coming years include Doha International airport, metro and railways lines and Doha Port. A number of European businesses have already won work in Qatar including engineering firm Atkins which won a $107 million contract to set up a Central Planning Office. The report was released ahead of the Qatar Projects 2012 conference, which will have a number of European businesses in attendance. 7Days