Construction costs likely to rise in Qatar

DOHA: Qatar’s construction industry will have to deal with soaring construction costs as the country gears up for the staging of its biggest event yet, the 2022 FIFA World Cup, a press statement said yesterday.
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According to the Tender Price Index for Qatar, prepared by MEED Cost Indices, construction costs in 2017 will be 18 per cent higher than current price levels.
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The rise in costs will put a strain on Qatar’s supply chain and will ultimately have an impact on the value of contract awards from 2013 onwards, reaching a peak of $40bn in 2017.
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Projects industry stakeholders not just in Qatar but across the region and beyond will be given a comprehensive overview of the country’s infrastructure developments at the forthcoming Qatar Projects 2013, held under the patronage of H E Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry and Chairman and Managing Director of Qatar Petroleum, who will also deliver a keynote speech at the opening on  February 18.
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Supported by Qatar Petroleum, Qatar Chamber and the Public Works Authority (Ashghal), the conference will take place at the Grand Hyatt Hotel in Doha from February 17-20.
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