Qatar Projects 2012 conference to attract major European companies looking to take advantage of $106 billion worth of projects to be awarded

Qatar Projects 2012 conference to attract major European companies looking to take advantage of $106 billion worth of projects to be awarded

Faced with a worsening debt crisis and the real prospect of a recession at home, several major European companies seeking new investment opportunities will be attending the annual Qatar Projects 2012 conference which will take place in Doha on 5-8 February at the Grand Hyatt Hotel.

More than $106 billion of major projects will be awarded between now and 2022 in the Gulf state, with significant investment in oil and gas, heavy industry, electricity generation and water desalination, social infrastructure and transportation links, figures from MEED’s 2011/12 Qatar Projects report.

Infrastructure spending will dominate the next five years with around $65 billion due to be invested in a series of new transportation schemes including the new $11 billion Doha International airport, the $6 billion Doha port project and a $25 billion metro and railway.

via automobilsport.com – More European construction firms head to Qatar.