Qatar to award a number of large-scale projects in 2021


The State of Qatar is expected to invest more than QAR 113.15 billion (USD 31 billion) into large-scale projects this year. The estimation is in line with the country’s QAR 47.45 billion (USD 13 billion) expansion of the oil and gas sector in the first quarter of 2021.

The investments in projects in the countries part of the Gulf Cooperation Council (GCC) doubled in the first quarter of this year at QAR 94.9 billion (USD 26.3 billion) compared to the last quarter in 2020. As a region known for the influence on the world’s oil and gas markets, the sector attributed for QAR 65.1 billion (USD 17.83 billion) or 68% of the investments followed by construction, power and transport with QAR 11.6 billion (USD 3.18 billion) or 12%, QAR 5.9 billion (USD 1.61 billion) or 6% and QAR 5.7 billion (USD 1.57 billion) or 6% respectively.

Qatar is the only country in the GCC to have reported an increase in projects awarded this year. Qatar’s high levels of investment this year is in contrast to the decline in the GCC.

The countries part of the GCC forecast QAR 416.1 billion (USD 114 billion) to be awarded in terms of contracts this year. This is twice of the awards in 2019 and triple of the awards in 2020. The accumulation of projects from last year and the halts related to the pandemic are reasons for the spike in awards this year.

Please click on the link to learn more about the latest developments in the region and the opportunities and possibilities in the State of Qatar as well as the initiatives of Business Start Up Qatar.

Other News

BSUQ News 115 - Thumb

Qatar is among top countries for entrepreneurs

The State of Qatar is ranking ninth on the list of top countries for entrepreneurs according to the National Entrepreneurial Context Index (NECI)...

Read more
BSUQ News 114 - Thumb

Qatar remains a promising market in the region

The State of Qatar is a very promising investment market according to a recent report by The Investment Promotion Agency Qatar (IPA Qatar).

The report “Invest Qatar Annual Report 2021”...

Read more
BSUQ News 1 - 16 Jan 22 - Thumb

Qatar’s trade surplus up 171 percent in November

Qatar’s foreign merchandise trade balance increased by 171 percent in November 2021 compared to November 2020 according to the latest figures released by the Planning and Statistics Authority...

Read more
BSUQ News 113 - Thumb

SCDL announces new tenders for 2022 FIFA World Cup

A webinar hosted by the Qatar Financial Centre (QFC) and titled “Exploring Tender Opportunities at the Supreme Committee for Delivery & Legacy” discussed the potential for businesses and projects related...

Read more
BSUQ News 111 - Thumb

LNG expansion will positively affect Qatar’s economic growth

Qatar’s plans to expand the Liquefied Natural Gas (LNG) capabilities and capacities promise a major boost to the growth of the national economy. The expansion results in a projected surplus between 2021...

Read more
BSUQ News 110 - Thumb

Qatar’s economic performance improved in first quarter

Qatar’s budget for the first quarter of this year was exceeded by QAR 200 million (USD 54.8 million). The surplus is partly related to the most recent increase in the oil prices, the level of budgetary...

Read more
BSUQ News 109 - Thumb

Investments in digital sector at all-time high in Qatar

Qatar has witnessed a lot of investment in the digital sector in line with the digital transformation of the country and the establishment of a knowledge-based economy as set out in the [Qatar National...

Read more
BSUQ News 108 - Thumb - Old

Qatar prepares for additional reforms to attract more FDI

With the world’s economy coming to a near standstill in 2020, economists from around the world have shared various analyses into how national economies will perform after this impasse related to the...

Read more

Page Break