Topic “Qatar” — Exporter Magazine

The government plans to spend close to USD$20 billion on new roads and transport infrastructure over the next five years, and a $36 billion metro system is in the pipeline over the longer term. Qatar is also building an $11 billion airport and a $5.5 billion deepwater seaport, according to Standard Chartered Bank. Qatar’s successful bid to host the 2022 soccer World Cup will speed up its construction programme and boost property prices, with contractors expected to flock to the Gulf state to snap up projects worth billions of dollars, according to Trade Arabia News Service. Gulf states suffered when international food prices spiked to record levels in 2008, forcing up their import bills. They have since sought to lease and buy farmland in developing nations to improve security of food supplies.