DOHA: Qatar has earmarked more than $140bn for infrastructure development projects, including an extensive transport network (railway and roads) over the next five years, said HE Jassim Saif Ahmed Al Sulaiti, the Minister of Transport.
He was speaking at a three-day event titled “Global Infrastructure Conference” kicked off in South Korea yesterday.
“Qatar ranked first in terms of development projects in GCC countries with those being implemented for FIFA 2022 and to meet the Qatar National Vision 2030,” he added.
“Qatar has allocated more than $140bn to build transport networks and other development project over the next five years,” said the minister.
The Minister has given a presentation in the conference on key development projects being taken place in the country including Doha Metro project being implemented by Qatar Rail, New Sea Port Project that is considered the biggest project in the Middle East. He also shed light on the expansion of the facilities of the Hamad International Airport.
The minister called on companies including South Korean ones in the conference to invest in the development projects of Qatar.
Regaring the key terms and condition for bids, the Minister said: “We cannot compromise with our quality standard and other issues like health, safety and security, innovation and sustainability. The companies interested in participating in bids should comply with Them.
The minister held a meeting with his Korean counterpart on the sideline of the meeting to discuss several issues of common concerns in the transport sector.
The Peninsula
