Cost inflation in Qatar's construction industry could reach up to 18 percent a year over the next decade, adding billions of dollars to the cost of building the Gulf state's future, a new report said on Tuesday.
Against a backdrop of unprecedented growth in Qatar and with projects valued at more than $100bn planned in the run up to the World Cup in 2022, EC Harris issued the warning.
It said that unless action is taken construction inflation in Qatar could reach 18% per annum to 2023.
EC Harris said the report draws specifically on the experiences of the UAE, as well as Singapore and the UK, to highlight relevant lessons which can be learnt from these countries.
Read more: http://www.arabianbusiness.com/ec-harris-warns-over-qatar-construction-inflation-495476.html
No comments:
Post a Comment