Workshops Outline Opportunities for Investment in Qatar Railway Project

Qatar Railway Company and the Qatar Development Bank held workshops on 12th March 2013 at the Ritz Carlton Hotel to help Qatari and International companies identify business and investment opportunities arising from the Qatar National Railway developments.

The workshops were addressed by HE Hamad Bin Ahmed Al-Kuwari, Deputy Chairman of the Qatar Chamber of Commerce, Mr Mansoor Bin Ibrahim Al-Mahmoud, CEO of Qatar Development Bank, Eng Saad Bin Ahmed Al Muhannadi, CEO of Qatar Rail, Mr Abdulaziz Al Khalifa, Executive Director Strategy and Business Development, Qatar Development Bank. Two workshops by international consultancy McKinsey & Co outlined new and existing business opportunities including available “quick wins”.

Five contracts have so far been signed for the building of the Doha Metro amounting to QR1.48 bn. The 104 business opportunities outlined by the speakers will contribute 0.3% to Qatar’s GDP, and 0.7% to the GDP of the private sector. The workshops provided investors and businesses with all the details required to take advantage of the opportunities. Qatar Development Bank confirmed that it was always looking for opportunities to support projects which present opportunities to the private sector, which impact the growth and profitability of the Qatari economy.