DOHA: Egis, an international group offering engineering, project structuring and operations services, has been awarded design and construction supervision contracts for Um Alhoul Economic Zone, south of Doha.
With several major infrastructure projects planned and the preparation of the 2022 World Cup, Qatar wishes to encourage private sector investment and promote the diversification of its economy by creating three world-class industrial and logistic zones.
This strategic project is part of Qatar National Vision 2030.The first two zones, Ras Bufontas and Al Karaana, will be located south of Doha airport whilst the third (QEZ 3), Um Alhoul, will be implanted in the port city of Al Waqrah, south of the capital.
Extending over an area of 27sqkm, Um Alhoul will bring together a number of activities related to metallurgy, petrochemicals, construction materials, logistics and marine industries, also benefitting from sea access thanks to a dedicated canal.
Manateq, the state company responsible for promoting and operating these economic zones, awarded the construction management of this third zone to Egis. Over five years, the teams from Egis will be tasked with auditing the master plan designs already drawn up, delivering detailed plans, carrying out specific design studies and the supervision of construction works.
The Peninsula
WASHINGTON: US consumer prices rebounded in February as petrol prices rose for the first time since June, and there were also signs of an uptick in underlying inflation pressures, keeping the Federal Reserve on course to raise interest rates this year.
The economy also received a boost from other data on Tuesday showing that new home sales surged to a seven-year high in February and manufacturing activity gained some momentum in March. The sturdy new home sales and factory data came despite harsh weather and a strong dollar.
reuters
