Qatar Rail urges private sector to bid for contracts

Qatar Rail Industry Awareness day presented rail projects’ business opportunities available to the private sector.
Contracts, Qatar rail, NEWS

Share

RELATED ARTICLES: Qatar inks deal for Doha Metro driverless trains l Qatar Rail claims Doha Metro will be better than Dubai l Nearly 20% of Doha Metro tunnels have been excavated

Qatar Railways Company (Qatar Rail) has hosted an industry awareness day to publicise contract opportunities available to the private sector, under the patronage and presence of His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, Prime Minister and Minister of Interior, 

The event was inaugurated by His Excellency Jassim bin Saif Al Sulaiti, Minister of Transportation, in the presence of His Excellency Sheikh Khalifa bin Jassim Al Thani, Chairman of the Qatar Chamber of Commerce, Abdulaziz bin Nasser al Khalifa, CEO of Qatar Development Bank, and Saad Ahmed Al Muhannadi, CEO of Qatar Rail.

About 600 local and international companies gathered for a presentation of rail projects’ business opportunities available and the launch of the prequalification process for the Doha Metro and Lusail Tram operations, as well as the management of their related facilities.

HE Jassim bin Saif Al Sulaiti said: “In line with the State’s efforts to encourage the participation and investment of the private sector in the mega projects and initiatives, the Ministry of Transportation aims to push the Qatari private sector to take part in all transportation projects and provide their expertise and technologies."

He added that the participation of the private sector in rail projects has reached high levels despite the fact that this is a new sector to the region: the share of contracts awarded to the private sector within the scope of the Doha Metro and Lusail Tram projects reached 70%, versus the 30% awarded to international companies.

In addition, the private sector’s share of participation in the joint ventures of designing and building the Doha Metro and Lusail Tram projects is 15%. Similarly, 61% of the contracts are awarded to local manufacturers of raw materials and transportation equipment to provide what’s needed to complete these developments in terms of cement, sand, iron and much more.

Of the other initiatives that support the private sector, such as insurance and technological innovation contracts, 80% are awarded to the private sector.

Eng. Saad Ahmed Al Muhannadi commented: “Qatar Rail held numerous meetings with the private sector to translate the National Vision 2030, to achieve effective partnership between the public and private sectors. It comes as part of the company’s policy to host introductory workshops for national and foreign investors before launching bidding process for a project. This strategy has proven to be successful in involving several Qatari companies in all joint ventures assigned for the civil works.”

He added that the awareness day allowed Qatari companies the opportunity to plan their participation in the country's strategic infrastructure projects: “Since the beginning, Qatar Rail has sought to encourage local companies to take part in joint ventures with international companies. The local businesses can provide their expertise on existing systems in the Qatari market, while international companies share their knowledge on the establishment of a world-class rail network. Such partnerships add value to both the company itself and the project it is implementing.”

Most Popular