Qatar sees significant rise in water project contract awards

  • 2 weeks   ago
  • 271
Qatar sees significant rise in water project contract awards
File picture used for representation only.

Qatar spent an expected $10bn in water extends, the second biggest in Mena's water task showcase, during 2011-2018 period. A progression of significant water tasks to build stockpiling stores, water pipelines, desalination plants and water treatment plants, prompted a blast in water and wastewater extends in Qatar in 2014 and 2015 and contracts worth $6.6bn were granted in these two years. 

The MEED Mena Water and wastewater 2019 market viewpoint noted Qatar expanded water and wastewater task going through consistently somewhere in the range of 2011 and 2015, driven by a progression of real ventures including the Kahramaa's water security uber repository, the development of an Independent Water and Power Project (IWPP) in the Qatar Economic Zone (QEZ) and the Ras Abu Fontas (RAF) A3 Desalination Plant. 

Notwithstanding, spending hindered fundamentally in 2016, when just $671m-worth of agreements were granted. The year 2017 did not demonstrate any improvement at all. The undertaking spending expanded insignificantly in 2018 and accordingly, ventures worth $524m were granted. 

 

In the 2011-18 time frame, water pipeline was the most profitable area in the Mena locale, with an absolute spend of $17.9bn speaking to 27.5 percent of all out undertaking grants esteem. The second greatest segment was water treatment plants, with $13.6bn, and to a great extent driven by nations extending water treatment limit including Qatar, Saudi Arabia, Kuwait, the UAE and Iraq. 

In spite of the fact that spending on water desalination plants in the locale has expanded throughout the years, the part still positions third, with contract grants totalling $13.1bn during the survey time frame. 

Undertaking grants got altogether in 2018. About $9.9bn-worth of EPC contracts were marked in the water and wastewater area over the Mena locale before the finish of 2018, a 31 percent ascend over contract grants in entire year 2017. Qatar saw a critical ascent in water and wastewater undertaking contract grants in 2018. 

The extension of urban areas and the necessities of developing populaces are driving a flood sought after for water supply and wastewater treatment limit. In the GCC, interest for water is set to ascend by around 62 percent by 2025, as per new research by MEED. Request development on this scale requires noteworthy capital interest in new limit, said Richard Thompson, Editorial Director, MEED 

He said about $80bn-worth of water and wastewater ventures are presently arranged or under route over the GCC alone. Be that as it may, in a financial situation where governments are endeavoring to limit spending deficiencies and obligation levels, it is never again enough to just expand limit. 

A multi-pronged methodology is necessitated that will guarantee maintainable improvement, both from a financial and a natural perspective, he included.

Comments