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The New LNG Boom, World Cup 2022 Legacy : Qatar 2021

valid until: 07 Jan 2023date published: 07 Jan 2022

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.Qatar’s projects market in the 2020s will have many similarities to the boom of the first decade of the 2000s. And the similarity goes beyond LNG. Another reminder came at the end of 2020, when Doha was selected to host the Asian Games in 2030. The Qatari capital hosted the games for the first time in 2006 and a range of major sporting and hospitality projects were completed ahead of the event. Doha is implementing a new tourism strategy that it hopes will turn the one-off economic and political capital boost of the World Cup into a long-term driver of sports, business and leisure tourism.This time around, Qatar’s gas projects come in parallel to the Qatar National Vison 2030, Doha’s long-term strategy to transition away from energy, diversify economically and attract investment. The plan includes the vigorous pursuit of investment in research and development in the hope of stimulating the formation of a broader knowledge economy. Browse our full report with Table of Contents:https://marketreportsonsaudiarabia.com/report/578296/qatar-the-new-lng-boom-world-cup-legacy-and-the-opportunities-and-challenges-for-business-meed-insights

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The New LNG Boom, World Cup 2022 Legacy : Qatar 2021