Qatar, known for its rapid development, is initiating new projects across various sectors. Natural resources and visionary leadership drive Qatar's thriving economy in the Arabian Peninsula. Recent years have seen transformative infrastructure, transportation, tourism, and technology ventures. These projects enhance Qatar's infrastructure and services, fostering long-term economic growth. With a focus on excellence and sustainability, the country is shaping its future through groundbreaking initiatives. This article explores some exciting new projects underway in Qatar and their potential impact on the nation's progress and prosperity.
During a government procurement forum, it was disclosed that Qatar plans to kickstart projects totaling QR70 billion ($19.2 billion) in 2024. These initiatives will be overseen by the Public Works Authority (Ashghal) and the Qatar General Electricity and Water Corporation (Kahramaa). Presentations by Ashghal and Kahramaa during the initial two days of the forum underscored Ashghal's intention to roll out about 116 public tenders in 2024, amounting to approximately QR59 billion ($16.2 billion) in value.
The public tenders enclose a range of projects, including:
- Development of existing and new lands
- Enhancement and connectivity of roads
- Initiatives related to sewage and marine outfalls
- Maintenance of road networks and sewage systems
- Beautification projects for roads, public areas, highways, and government buildings
- Operational public procurement activities
Meanwhile, Kahramaa has issued 279 public tenders for 2024, valued at around QR8.9 billion ($2.4 billion). These tenders span three main areas: the electricity networks sector, the water networks sector, and the corporation’s service departments sector.
Government Procurement Trends in Qatar for 2024
Issuance of Tenders by Economic Sectors
Nayef Moaid Al Hababi, Director of the Government Procurement Regulations Department at the Ministry of Finance, revealed that in 2024, a total of 2,528 tenders will be issued across 16 economic sectors. These tenders cover more than 100 economic activities, as classified by AIESEC.
Distribution of Tenders by Quarters
Regarding tender launch dates, Al Hababi outlined the distribution for 2024 as follows:
- Q1: 1,570 tenders (65% of total)
- Q2: 642 tenders
- Q3: 240 tenders
- Q4: 76 tenders
Key Players in Tender Issuance
Al Hababi emphasized that tenders from significant entities such as Qatar’s Public Works Authority (Ashghal), the Ministry of Public Health, the Ministry of Education and Higher Education, the Qatar General Electricity and Water Corporation (Kahramaa), the Primary Health Care Corporation, and Aspire Zone Foundation collectively account for about 70% of the state’s total tenders for 2024.
Main Economic Sectors in Tender Allocations
Approximately 85% of tenders are concentrated within five main economic sectors:
- Information and Communications Technology: 644 tenders
- Wholesale and Retail Trade: 524 tenders
- Construction: 360 tenders
- Professional, Practical, and Technical Activities: 351 tenders
- Administrative and Support Service Activities: 63 tenders
Private Sector's Role in Sustainable Development
Al Hababi underscored the significance of the private sector's involvement as a vital partner in achieving sustainable development and bolstering the national economy. This partnership is crucial for job creation, fostering innovation, and ensuring the provision of essential services within the country.
Qatar plans projects worth almost USD 19 billion in 2024
Ashghal's 116 tenders are valued at QAR 59 billion (USD 16.2 billion), while Kahramaa's 279 tenders amount to QAR 8.9 billion (USD 2.4 billion) across three areas: water and electricity networks and corporate service departments.
The upcoming projects surround the development of existing and new lands, road connectivity, maintenance and enhancement, and beautification efforts for roads, public spaces, highways, and buildings. Further, these will cover sewage, marine outfalls, and operational public procurement projects.
Significantly, 70% of the state's total tenders for 2024 come from entities like the Ministry of Public Health, the Ministry of Education and Higher Education, the Primary Health Care Corporation, and the Aspire Zone Foundation. Furthermore, 85% of tenders are distributed across five key economic sectors:
- Information and communications technology
- Wholesale and retail trade
- Construction
- Professional and technical activities
- Administrative and support services
Regarding launch dates, Quarter 1 will witness the issuance of 1,570 tenders, accounting for 65% of the total tenders for 2024. Similarly, Quarter 2 will offer 642 tenders, 240 in Quarter 3 and 76 in Quarter 4. Business Start Up Qatar provides access to a network of experts and specialists across various business lifecycle stages. Services include Market Research and Assessment in Qatar, Business Case development, Business Model Development, Feasibility Study and Business Plan creation, Organizational and Operational Structuring, Sponsorship and Partnership facilitation, and Company Formation services in Qatar.
Driving Qatar's Development: The Impact of New Projects
In conclusion, the surge in new projects in Qatar reflects the country's ongoing commitment to development and growth across various sectors. With substantial investments in infrastructure, utilities, healthcare, education, and other key areas, Qatar is poised for significant advancements in the coming years. These projects contribute to the country's economic prosperity, enhance the quality of life for its residents, and strengthen its position as a regional leader. As Qatar continues to embark on ambitious initiatives, it presents ample opportunities for businesses, investors, and professionals to participate in its journey towards progress and innovation.
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