Qatar 2021 - The New LNG Boom, World Cup 2022 Legacy, and the Opportunities and Challenges for Business - MEED Insights
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Qatar 2021 - The New LNG Boom, World Cup 2022 Legacy, and the Opportunities and Challenges for Business - MEED Insights”under Heavy Industry Market Research Report category. The Qatar Beer Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports. Amid the challenges of the Covid-19 pandemic, the normalisation of relations between Doha and four of its Arab neighbours following a three-and-a-half-year diplomatic dispute is a breath of fresh air for Qatar's economy and society. It comes at an important time for the country. Over the past decade, the focus of Qatar’s investment has been on the development of the infrastructure needed to deliver the FIFA football World Cup in 2022, on the stadiums, the airports, rail and metro lines, and on leisure and hospitality facilities. The World Cup has underpinned about $13.6bn a year of project contract awards in Qatar over the past decade, with the peak years coming in 2014 and 2015, when award levels rose to about $20.9bn and $17.4bn respectively. Since 2015 however, awards have slowed, and the question is: What comes after the World Cup? Part of the answer came on 8 February 2021, when Qatargas awarded a $13bn contract for the main package of the first phase of its North Field Expansion (NFE) megaproject to a consortium of Japan’s Chiyoda Corporation and France-based Technip Energies. It is the biggest single EPC contract ever awarded in the region, and is redolent of the early 2000s, when investments to develop six large liquefied natural gas (LNG) trains propelled Qatar to become the world’s biggest gas exporter.