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1/31/2018

TMB Meets with Qatar's Minister of Public Works in Ankara

TMB Chairman Yenigün: "We know that infrastructure and superstructure projects worth approximately $150 billion are expected for Qatar. Turkish contractors are open to any cooperation model including joint ventures and consortiums in line with their experience with international partnerships."

Turkish Contractors Association (TMB) Committee met with the Qatari Committee under the leadership of the President of Qatari Administration of Public Works, Saad Bin Ahmed Al Muhannedi, in Ankara.

TMB Chairman Yenigün emphasized to the Qatari comittee that Turkish contractors were willing to participate in the projects in Qatar. Yenigün said: "Turkish contracting and consulting companies are ready and willing to undertake the infrastructure and superstructure projects that may be contracted in the upcoming period. Turkish contractors have undertaken 131 projects worth $14.3 billion in Qatar so far. We know that infrastructure and superstructure projects worth approximately $150 billion are expected to be carried out in Qatar as part of the National Vision of 2030 and FIFA World Cup 2022. Turkish contractors are open to any cooperation model including joint ventures and consortiums in line with their experience with international partnerships."

President of Qatari Administration of Public Works, Saad Bin Ahmed Al Muhannedi emphasized that 3 or 4 major Turkish companies already had ongoing efforts in Qatar and that Qatar is very happy with it. "We will make necessary amendments in the legislation, accelerate the process of qualification, and make market penetration easier. We are here to increase the number of Turkish companies in the upcoming period. We want to see Turkish technical consultancy services and Turkish construction materials as well as Turkish contractors in Qatar."

As it is known, according to the last Construction Industry Analysis Report of TMB, the amount of new offshore projects undertaken by Turkish companies has declined from $25-30 billion to $14-15 billion in 2016-2017. This is largely attributed to the geopolitical problems in the major markets of the industry and the decline in energy prices which coincided with the former TEBA:1852/ January 31, 2018.