Doha: Qatar’s ambitious North Field project is playing a key role in generating construction, increasing liquefied natural gas (LNG) production and promoting recovery from the pandemic, the Oxford Business Group (OBG) said in its recent COVID-19 Response report was carried out in collaboration with AlJaber Engineering (JEC).
The report goes deep into the projects designed to boost construction in Qatar as the pandemic eases, led by the major expansion works planned for the North Field. It also details other projects in the pipeline, including the expansion of Hamad International Airport and Hamad Port.
As the 2022 FIFA World Cup draws nearer, OBG is tracking progress on the infrastructure and hospitality projects needed to meet the demands of the large flow of visitors expected to the major sporting event.
The challenges faced by the construction sector in Qatar due to pandemic supply disruptions and social distancing measures are also examined.
License holders will share the growing importance of health, safety and environmental standards in the construction industry after the introduction of COVID-19, as evidenced by new labor laws introduced in August.
The report also sheds light on JEC’s expansion and performance over the years, highlighting the major projects the contractor has undertaken, including the 2022 FIFA World Cup Al Thumama Stadium, the Doha Metro Project – Gold Line and Qatar Petroleum District. It also underscores the company’s decision to buck local trends by looking beyond the Qatari market, particularly regional opportunities in oil and gas.
Osama Hadid, CEO of AlJaber Engineering, who was interviewed in the report, said that while infrastructure development will be less extensive than in the years before the pandemic, oil, gas and military projects are expected to stimulate activity again .
“The prospects for opportunities in the Qatari construction market are promising. Contractors have borne the brunt of the problems caused by the pandemic in the construction sector. We hope that with the availability of vaccines in late 2020 or early 2021, the long-term impact of the pandemic on the country’s construction market will be minimal, ”he added.
Jana Treeck, OBG’s managing director for the Middle East, said prudent fiscal policies over the years and the abundance of LNG exports helped Qatar weather its worst pandemic, while plans to diversify the economy should help fluctuate natural gas prices better To take into account.
She added: “Construction has become a major growth driver due to public infrastructure spending and the 2022 FIFA World Cup. We expect a solid project pipeline that includes the strategic long-term expansion of the northern field to accelerate activities and lead the sector beyond 2022. “
The CRR provides an in-depth analysis of the country’s response to Covid-19 in an easy-to-navigate and accessible format.
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