Qatar plans to award $12.7bn of construction work in 2017

18 December 2016

Spending plans revealed in state budget

Qatar plans to award QR46.1bn ($12.7bn) of contracts on new projects next year, according to details of the state budget for 2017. The budget also states that spending on key projects, which includes ongoing schemes, will increase by 2.6 per cent to QR93.2bn from QR90.8bn.

The budget includes QR25bn of new contracts for infrastructure and transportation projects, QR8.5bn for 2022 World Cup schemes, QR5.8bn for the education and health sectors, and QR6.8bn for other sectors. The spending plans do not include oil and gas schemes.

The budget for 2017 will run a deficit of QR28.3bn, based on revenues of QR170.1bn and QR198.4bn. The budget deficit is 39.1 per cent less than the QR46.5bn budgeted for 2016. The budget is based on an average oil price of $45 a-barrel.

The Finance Ministry says the aim of the budget is to increase the efficiency of public spending. As part of this drive it is merging ministries to save of salaries an expenditures.

Gradual recovery expected for challenging market

The Doha Metro may be too far advanced to make use of PPP structures

The Doha Metro may be too far advanced to make use of PPP structures

The Doha Metro may be too far advanced to make use of PPP structures

New projects, ongoing work for the metro and other World Cup-related projects should enable modest readjustment over next five years. Read more

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