Qatar's USD 19 Billion Investment Plans for 2024
Qatar's Ambitious Investment Drive: Qatar has announced groundbreaking investment plans for 2024, aiming to spend over QAR 70 billion (USD 19 billion) on a multitude of projects. Key Players : These plans involve the collaboration of the Public Works Authority (Ashghal) and the Qatar General Electricity and Water Corporation (Kahramaa), who will jointly implement 395 projects. Ashghal's Contributions: Ashghal is set to release 116 tenders, with a total value of QAR 59 billion (USD 16.2 billion), focusing on various infrastructure projects. Kahramaa's Involvement: Kahramaa's contributions include 279 tenders, amounting to QAR 8.9 billion (USD 2.4 billion), spanning across sectors such as water and electricity networks. Building on Success: These plans build upon the success of 2023's development initiatives, which saw 22 new projects, including land development, road improvements, and beautification projects. Diverse Sectors: Notably, key government entities, inc