Doha’s $7.5B New Port project set for completion in 2020

Doha port

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Source:  www.albawaba.com

Set for completion by 2020, the new Doha port will propel the shipping sector forward, double GDP, and consolidate Qatar’s emergence as the world’s largest producer of liquefied natural gas.

2b9-300x196 Doha's $7.5B New Port project set for completion in 2020
The New Port project is considered to be the largest port development project in the world to be built on unused land. (Ship Technology)

Strategically located at the center of the thriving Gulf Cooperation Council (GCC) countries, Qatar’s maritime shipping industry has undergone tremendous transformational changes and has begun to take off. Back in 2010, the government launched an ambitious six-stage plan to develop a completely new and modern port on the coast near the capital of Doha.

With a combined population of over 47 million and annual economic output topping $1.6 trillion (£1 trillion), the six GCC countries Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, comprise a powerful block of open and integrated economies at a vital crossroads of the global economy, between Asia, Europe, Africa and the Americas. In terms of global trade, in particular maritime shipping, the Middle East offers lucrative opportunities for companies that are able to take advantage of the region’s emergence as a global logistics hub. In 2014,

Qatar, UAE, Oman, Jordan, Saudi Arabia and Kuwait ranked highest out of 45 emerging markets countries in the key category of “market compatibility,” highlighted by an ease of doing business. More info

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