
Turkish contractors could win construction projects worth 25-30 billion USD in Qatar over the next decade, said Emin Sazak, President of the Turkish Contractors Association (TCA). Qatar is planning to invest 200 billion USD in construction projects ahead of 2022 FIFA World Cup, a report by leading professional services group Deloitte suggests. Turkish contractors have the yearly capacity to undertake the planned package of projects entirely in the next ten years, Sazak told AA on Friday. However, capacity is only one factor, Sazak says. Political and economic relations with the Middle East country, as well as bidding conditions and competition, may prove harder to predict. "Foreseeing how the development of these factors in the next decade is more difficult in the Middle East than in any other part of the world," he said. "It is possible to estimate that Turkish contractors will undertake a total of 25-30 billion USD worth of business in the Qatari market." Turkey's foreign building and contracting sector saw an increase of 70 percent in the first half of 2013, with projects amounting to 11.6 billion USD. The industry now serves 101 countries with the addition of South Sudan this year. In 2012, Turkish contractors completed one billion USD of construction work in Qatar.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor