AMMAN: The cost of construction materials in Qatar is likely to jump as the host nation intensifies infrastructure building ahead of the 2022 World Cup, and other building projects could finish late as a result, industry experts say.
Qatar is set to spend more than $200 billion on the soccer tournament as part of a 2030 development plan, although tough contract terms and state bureaucracy have left some contractors in difficulties. Corruption allegations at soccer’s governing body FIFA have put renewed media focus on Qatar, although Qatari officials say they are confident the 2022 tournament will go ahead as planned.
The high level of construction activity, predominantly in the capital Doha, is already making it hard for contractors to get workers and materials to sites. “The pinch point will likely be in 2017-19 when the construction work peaks, but the government can take measures to mitigate that,” said Nick Smith, partner at engineering consultants Arcadis in Qatar. He predicted materials inflation would be about 3 per cent in 2015.
