Qatar investing heavily in transportation infrastructure
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Since our Dubai property market update went to press in July 2011 we have been through what is traditionally the quiet time of the year for the UAE, further enhanced this year by the coming together of the traditional leave month of August and Ramadan.
Throughout the last quarter, Bahrain has continued a fragile recovery towards political stability after the period of anti-government hostilities witnessed in the first half of the year.
Quarter 3 is traditionally the quiet time of the year for the UAE, further enhanced this year by the coming together of the traditional leave month of August and the Holy month of Ramadan.
Global market research firm Business Monitor International (BMI) has estimated Qatar to spend between $80 billion and $100 billion over the next five years on the development of infrastructure needed for the 2022 FIFA World Cup.
Qatar has already allocated significant investments to develop the transportation networks including a combined budget of $45 billion for the country's rail and road networks in addition to $1 billion on a proposed crossing between the airport and Northern Doha.
The Gulf country is expected to record a sharp growth of 11.6 per cent to QR27.4 billion ($7.5 billion) this year, and continuing in an upward trajectory until 2015.
The Cabinet has also approved 13 large infrastructure projects worth a total of QR3 billion to be implemented by the Public Works Authority (Ashghal).
These projects include a 3-lane highway in Barwa City, the reconstruction of the Najma road, the $300-million Dukhan Highway, and the development of the Doha Expressway, valued at $27 million, which is planned to connect the north and south of Qatar and involves a number of interconnected roads, bridges, interchanges and underpasses.
The Expressway is expected to be completed in 2015.
A number of bridges are included in all of these projects which have been designed and located to account for the rising population and aim to increase accessibility, reduce commute times and ease traffic congestion.
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