Qatar Petroleum (QP)is the Middle Easts biggest owner of known, tangible, fixed infrastructure, with $69bn-worth of assets.
The Qatari firm is the biggest of seven Middle East companies that feature on US engineering software company Bentley Systems Infrastructure 500 report, which lists the largest owners of infrastructure in the world.
The 500 companies, public and private, featured in the list own more than $15.9 trillion-worth of tangible fixed-infrastructure assets. Of that, the seven Middle Eastern companies own assets worth $263bn.
Speaking at Bentleys Year in Infrastructure conference in London, the companys chief executive officer Greg Bentley said 72 per cent of companies in the list are in private ownership.
There are more private owners in the top 500, with a greater value of infrastructure at $9.3 trillion than the public owners. And for the first time there are 289 owners that have been in the top 500 since 2010.
The US government is the single largest owner of infrastructure, with $342.9bn of assets, followed by State Grid Corporation of China with $236bn. Russias Open Joint Stock Company Gazprom comes in third with $228.4bn.
|Middle Easts biggest asset owners*|
|Saudi Electricity Company||Saudi Arabia||55.55|
|Saudi Basic Industries Company||Saudi Arabia||44.12|
|Kuwait Petroleum Corporation||Kuwait||33.72|
|Dubai Electricity & Water Authority||UAE||23.89|
|Abu Dhabi National Energy Corporation||UAE||21.75|
|Saudi Telecom Company||Saudi Arabia||14.93|
|*=Middle East companies that appear in the Infrastructure Top 500. Source: Bentley Systems|