BUSINESS START UP QATAR

  Strategic Expansion : Qatar Energy's North Field West project is a significant move to strengthen Qatar’s position as a leading LNG exporter, involving substantial greenfield investments of up to QAR 65.5 billion (USD 18 billion). LNG Production Boost : The expansion will increase Qatar's LNG production capacity by 16 million tonnes per year, leading to an 85% total increase, bringing annual production to 142 million tonnes. Untapped Reserves : The North Field holds an estimated 240 trillion cubic feet of untapped gas reserves, increasing Qatar’s total reserves to over 2,000 trillion cubic feet, ensuring long-term competitive advantage. Market Opportunities : The project will open up numerous opportunities for businesses in Qatar, especially with the increase in tenders and contracts related to the expansion. Global LNG Market Influence : Qatar’s expansion positions it to meet the rising demand for LNG in both traditional Asian markets and the growing European market, seeking

Samsung C&T of South Korea was recently given a sizable solar energy power plant contract by Qatar Energy Renewable Solutions. Samsung will construct two massive photovoltaic (PV) plants under the QAR 2.3 billion (USD 630 million) Engineering, Procurement and Construction (EPC) contract in the industrial cities of Ras Laffan (RLIC) and Mesaieed (MIC). Each plant will have a total area of ten square kilometers and an 875 megawatt capacity. By 2024, the Industrial Cities solar power project (IC Solar) is anticipated to boost Qatar's capacity to generate renewable energy to 1.675 gigawatts. According to data from cnet.com, one gigawatt can power around 750,000 houses. Read more:  Mega-solar power projects for sustainability in Qatar