Arab Today, arab today construction costs in qatar now highest in the middle east
Last Updated : GMT 15:23:06
Arab Today, arab today
Arab Today, arab today

Construction costs in Qatar now highest in the Middle East

Arab Today, arab today

Arab Today, arab today Construction costs in Qatar now highest in the Middle East

Doha - Arabstoday

The huge volume of construction projects underway in Qatar in preparation for the 2022 FIFA World Cup has helped make it the most expensive country to build in the Middle East, according to the 2012 International Construction Costs Report released by EC Harris. The annual study, which benchmarks building costs in 53 countries across the globe, found that the volume of construction activity taking place in Qatar to prepare for the 2022 FIFA World Cup and to deliver the country’s National Vision, had caused the country to jump three places in the overall rankings, rising from 16th position in 2011 to the 13th most expensive country in which to build in this year’s report. According to the report one of the primary reasons for this is the focus on large scale infrastructure projects with the Qatari government reported to have allocated 40 per cent of its overall budget between now and 2016 to improving both transportation networks and social infrastructure across the country. Nick Smith, Head of Cost and Commercial Management for EC Harris in Qatar said, “Whilst this is undoubtedly an exciting time to work in Qatar’s construction industry, the sheer volume of work planned over the next twenty years will create fresh challenges around successful project delivery. “Careful planning and a more strategic approach to supply chain management will be key to ensure companies do not become overstretched and are able to plan ahead so they can source additional labour, plant and materials before construction demand begins to peak.” The United Arab Emirates rose one place to 17th overall from 18th in 2011 as the construction sector begins to improve following a string of government announcements particularly around major social infrastructure programmes. Commercial projects in Dubai are also beginning to show signs of recovery with developments placed on hold during 2009 currently being reviewed, whilst in Abu Dhabi, firms are also looking to fill the currently under-supplied retail market. However, the report did raise one concern for the UAE, suggesting that the need to compete with Saudi Arabia and Qatar for both labour and materials could lead to a further price escalation in the coming years. This year’s report also showed that whilst construction costs in Saudi Arabia were markedly cheaper than in UAE or Qatar, Saudi Arabia rose eleven places in the league table moving from 36th place in 2011 to 25th in this year’s report. This jump can be largely attributed to the continued investment in new airport and highways and a strong future pipeline of activity meaning that the country is likely to move up the table in years to come. Smith added, “Saudi Arabia’s construction industry is entering a potentially vibrant period as an expanding young population is creating increased demand for housing whilst a developing tourism and leisure industry will see new hotels built in under-supplied Jeddah and Riyadh. Furthermore, construction of the Kingdom Tower in Jeddah will help to sustain the pipeline of work on both a short and mid-term basis.” Overall, the study found that Switzerland was the most expensive country in which to build, followed by Denmark, Australia, Japan and Sweden. From gulftoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today construction costs in qatar now highest in the middle east Arab Today, arab today construction costs in qatar now highest in the middle east

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday