2022 FIFA World Cup in Qatar: Business Framework and Opportunities - Market Note - November 2016
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2022 FIFA World Cup in Qatar:
Business Framework and Opportunities
Market Note — November 2016
UAE | Libya | Bulgaria | USA
www.whisperingbell.com2022 FIFA World Cup in Qatar:
Business Framework and Opportunities - November 2016
Executive Summary
The FIFA World Cup in Qatar has sparked a profusion of new projects. Not only must new
sporting facilities be created to enable the large number of simultaneous matches to be
held, but all manner of existing Qatari infrastructure must be upgraded in anticipation of
the massive crowds that will come to view the games, eat, drink and sleep in the country
and visit local tourist attractions between games. Thus, while many projects are new, other
already-planned upgrades have been accelerated and scaled up. We found projects
across the board, whether in hospitality, transport into and around the country, or water,
electricity, sewerage or other resource infrastructure, and more are being tendered all the
time. We have counted at least $80 billion in projects just enumerated in this paper, with
the names of the prime and subcontracting entities, and we believe that there are
perhaps as many other projects yet to be bid or that we have not specifically enumerated.
We do, however, lay out the structure of the governing entities and overall approach so
that interested companies in the infrastructure, construction, logistics, architecture and
procurement industries will find it easy to insert themselves into the evolving market.
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Background: Qatar’s Fiscal Situation and the 2022 FIFA World Cup
In Dec 2015, Qatar announced that it expected to post a fiscal
deficit of USD 12.8 billion in 2016—the first budgetary shortfall in The Qatari Government
retains deep financial
fifteen years (i.e. a fiscal deficit of 4.9% of GDP in 2016). The reserves, enabling it to
continue spending on
government also announced spending cuts in certain areas major infrastructure
within government departments. The energy-rich Gulf nation projects related to the
2022 FIFA World Cup
has faced persistently low oil and gas prices, which have
dented government revenues. While Qatar may need to tap sovereign debt markets to
finance the expected deficit, it remains committed to financing mega projects in the lead
up to the 2022 FIFA World Cup. These will include spending on major infrastructure projects,
perhaps up to USD 200 billion over the next decade. Despite the slowdown in revenues,
the Qatari Government retains deep financial reserves, which will enable it to continue
spending on major infrastructure projects related to the 2022 FIFA World Cup
Key Entities/Organizations Related to the 2022 FIFA World Cup
The major infrastructure projects related to the 2022 FIFA World Cup in Qatar are being
driven through various layers of oversight, strategic advisory, regulation and delivery. The
Supreme Committee for Delivery and Legacy (SC), along with its stakeholders, is the main
coordinating body responsible for ensuring the successful completion of projects and their
broader alignment with Qatar Vision 2030.
In Oct 2012, the SC signed five key stakeholder agreements with the major Qatari entities
who would drive the main subsets of the work: Qatar Public Works Authority (Ashghal),
Qatar General Electricity and Water Corporation (Kahramaa), Aspire Zone Foundation,
Qatar Rail and Qatari Diar. Bidding for contracts under these authorities is accessible via
online registration, although some opportunities are invitation only. It is also important to
note that the majority of prime contracts for major infrastructure projects have already
been awarded by these entities. However, we expect that many opportunities remain to
subcontract under the prime contractors working for the SC and the key stakeholders.
And there are of course other stakeholders outside of the core circle of five main drivers.
Five key stakeholders. Below, we provide an overview of the SC, the key stakeholders,
and their main project objectives:
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The Supreme Committee for Delivery and Legacy (SC) is the primary entity
responsible for proposed tournament venues and other
projects for the 2022 FIFA World Cup. The SC is also The majority of prime
contracts for major
responsible for ensuring that all projects and infrastructure projects
have already been
preparations for the 2022 FIFA World Cup are in line with awarded. However, we
expect many
Qatar National Vision 2030. The SC’s stated goals include
opportunities remain to
effective program management of infrastructure subcontract.
construction, streamlining the regulatory framework, the
integration of Qatari culture into hosting plans, and the maintenance of high
environmental/sustainability standards, among others. Hassan Al-Thawadi was
appointed as Secretary General of the SC in Mar 2011 after holding the position of
CEO of Qatar’s 2022 Bid Committee. The SC is both an oversight and delivery
committee, and prospective vendors can register with the SC on their website at
the following link:
http://www.sc.qa/supplier/registration#step2
The Qatar Public Works Authority (Ashghal) was established in 2004 and is
responsible for the planning, procurement, construction, and management of all
infrastructure projects and public buildings in Qatar. One of Ashghal’s key projects
is the Qatar Expressway Programme, which will add more than 900km of new roads
connecting the country. Ashghal is also responsible for the USD 2.7 billion Inner Doha
Resewerage Implementation Strategy (IDRIS) and the USD 14.6 billion Local Roads
and Draining Programme. Prospective vendors can register with Ashghal on their
website at the following link:
http://www.ashghal.gov.qa/en/Pages/CompanyRegisteration.aspx
The Qatar General Electricity and Water Corporation (Kahramaa) was founded in
July 2000 to regulate the supply of water and electricity to customers and is a key
stakeholder for the SC. Siemens WLL—Siemens’ entity in Qatar—signed a USD 188
million contract with Kahramaa in Mar 2012 for the provision of equipment for Phase
10 of the Qatar Power Transmission System Expansion. Prospective vendors can
register with Kahramaa on their website at the following link:
https://www.km.com.qa/Business/Pages/Registration.aspx
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The Aspire Zone Foundation is the sporting entity responsible for the delivery of two
stadiums (Khalifa International and Al-Bayt), including tendering and contractor
selection. In July 2015, Aspire Zone Foundation awarded a USD 861 million Al-Bayt
Stadium construction contract to Salini Impregilo Group in a joint venture with
Galfar and Cimolai. Prospective vendors can register with Aspire Zone Foundation
on their website at the following link:
http://www.aspirezone.qa/vendor-management.aspx?lang=en.
Qatar Rail is a key stakeholder for the SC and is developing the Doha Metro and
Lusail Tram, which will connect the stadiums of the 2022 FIFA World Cup.
Prospective vendors can register with Qatar Rail on their website at the following
link:
https://www.qr.com.qa/English/Procurement/Pages/Supplier.aspx.
Qatari Diar was established in 2005 as the real estate development arm of Qatar’s
sovereign wealth fund known as the Qatar Investment Authority. Qatari Diar is a key
stakeholder for the SC and is responsible for the delivery of the USD 46 billion Lusail
City ahead of the 2022 FIFA World Cup.
Basic Framework of the SC and its Key Stakeholders
Supreme
Committee for
Delivery and
Legacy (SC)
Qatar General
Qatar Public Electricity and
Aspire Zone
Works Authority Water Qatar Rail Qatari Diar
Foundation
(Ashghal) Corporation
(Kahramaa)
Other key committees and ministries. In addition to the SC and its five key stakeholders,
other committees and ministries play an important role in advisory roles and in the delivery
of infrastructure projects and event coordination. We have provided a summary of these
entities below:
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Local Organizing Committee (LOC) was established as the event organizer and
coordinator between the SC and FIFA. The LOC has not fully mobilized yet but any
potential business opportunities will be on a much smaller scale relative to the major
infrastructure projects connected to the SC.
The Ministry of Municipality and Environment (MME) is an important ministry involved
in major infrastructure projects. In Aug 2016, the MME signed a USD 2.1 billion deal
with Turkish Tekfen Holding Construction Company to build the 34km, ten-lane Al-
Khor Expressway—one of the largest infrastructure project in the world—which will
connect the capital Doha to Lusail, Al-Khor and the new 2022 FIFA World Cup
stadiums. The MME publishes open tenders online at the following link:
http://www.mme.gov.qa/cui/view.dox?id=693&siteID=2
The Ministry of Transport and Communications is responsible for overseeing new
projects related to land and sea transport, as well as the improvement of
transportation infrastructure in general, for the enhancement of economic activity.
The Ministry of Transport and Communications works with the Public Works Authority
(Ashghal) responsible for billions of dollar of infrastructure projects. Prospective
vendors for the Ministry of Transport and Communications first require an invitation
letter from the ministry before registering online at the following link:
http://portal.www.gov.qa/wps/portal/services/inviduallandingpages/e-
tendering/government+e-tendering+portal
The New Port Project Steering Committee is responsible for the development of
Hamad Port, the Qatari Emiri Naval Forces Base and Qatar Economic Zone 3. In Aug
2016, the New Port Project (NPP) Steering Committee signed a contract with
Hyundai Engineering & Construction Co. Ltd and Boskalis-Middle East for canal
excavation and channel dredging, as well as the construction of breakwaters at
Economic Zone 3. The contract is worth approximately USD 300 million (QR 1.1
billion), the NDP basin initial construction contract is worth approximately USD 879
million (QR 3.2billion), and the excavation of the main channel contract worth
approximately USD 1.2 billion (QR 4.5 billion). The NPP also works closely with the
Qatar Ports Management Company, also known as Mwani. Tenders related to the
New Port project can be viewed at the following link:
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http://www.npp.com.qa/Tenders.html
New Doha International Airport Steering Committee is responsible for overseeing
the expansion of Doha International Airport, now known as Hamad International
Airport (HIA). In Nov 2015, the New Doha International Airport Steering Committee
awarded a USD 76.1 million (QR 277 million) land reclamation contract to
Consolidated Engineering Construction Company for the expansion of taxiways at
HIA.
Major Infrastructure Projects associated with the 2022 FIFA World Cup
The construction or renovation of at least eight stadiums is planned for the 2022 FIFA World
Cup in Qatar. Work has already started on five of the stadiums, while construction is
pending for the remaining three. We provide an overview of each of the stadiums and
their current status below:
Al-Rayyan Stadium will be located on the plot of Al-Rayyan Sports Club’s Ahmed
Bin Ali Stadium west of Doha and will have the capacity to seat 40,000 people. The
stadium will be built using environmentally friendly materials and reportedly host a
renewable energy generation system. After the 2022 FIFA World Cup, upper tier
seating from the top level of the stadium will be dismantled and donated to
football projects in other countries, reducing capacity by almost half to
approximately 21,000 spectators. Construction began in the first quarter of 2016
and is expected to be complete by the first quarter of 2019. AECOM has been
selected for overall project management; Al Balagh Trading & Contracting and
Larsen & Toubro Ltd in a joint venture for construction; and Ramboll and Pattern for
design/engineering.
Al-Wakrah Stadium will be the headquarters of Al-Wakrah Sports Club and have
the capacity to seat approximately 40,000 people. It will also include a sports
center and community hub. Construction began in the third quarter of 2015 and is
expected to be complete by the first quarter of 2018. KEO International Consultants
has been selected for overall project management; Zaha Hadid Architects for
architectural work; and AECOM for design/engineering.
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Al-Khor (Al-Bayt) Stadium will be located in the Al-Khor Municipality approximately
40km north of Doha and will have to capacity to seat 60,000 people. Upper tier
seating will be removed after the 2022 FIFA World Cup and donated to football
programs in other countries, reducing capacity to approximately 32,000 people.
The stadium will also host other facilities, including a shopping mall, hospital and
park area. Construction began in the fourth quarter of 2015 and is expected to be
complete by the third quarter of 2018. Projacs has been selected for overall project
management; Galfar Al-Misnad in a joint venture with Salini Impregilo Group and
Cimolai for construction; and Dar Al-Handasah for design/engineering.
Khalifa International Stadium was built in 1976 in Al-Rayyan but will be renovated to
increase capacity to 40,000 people. Renovations began in the second quarter of
2016 and are expected to complete by the second quarter of 2017. Projacs has
been selected for overall project management; Midmac Contracting and Six
Construct in a joint venture for construction; and Dar Al-Handasah for
design/engineering.
Qatar Foundation Stadium will be located in Education City of the Al-Rayyan
Municipality and capable of seating 40,000 people. Construction began in the
second quarter of 2013 and is expected to be complete by the third quarter of
2019. ASTAD Project Management has been selected as the project manager;
Joannou & Paraskevaides (J&P) Qatar, Conspel Qatar WLL, J&P‐Avax S.A and J&P
(Overseas) Ltd working as part of a joint venture for construction; and FIA Fenwick
Iribarren Architects for design/engineering.
Lusail Stadium will be Qatar’s largest with a capacity to seat 80,000 people. It will
host the opening ceremony and the final match of the tournament. While
construction has not started, contractors were invited to bid in May 2016. The SC
set a maximum bid price of USD 769 million. The contact award has yet to be
announced but work is expected to begin by the end of 2016. However, Foster +
Partners architectural company has already won the design contract.
Construction is also pending at Ras Abu Aboud Stadium, which will be located near
Hamad International Airport and will have capacity for approximately 40,000
spectators. Construction is still pending. However, Populous has been awarded the
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design contract, while Turner Construction has been selected for overall project
management.
Construction is pending at Al-Thumama Stadium, which will have a minimum
capacity of 40,000 spectators. While the construction contractor has yet to be
announced, Qatari architectural company Arab Engineering Bureau has been
awarded the design/engineering contract.
Other Major Infrastructure Projects:
In addition to football stadiums, Qatar is investing heavily in other mega infrastructure
projects in preparation for the 2022 FIFA World Cup. Qatar must ensure the infrastructure
will be sufficient to handle the influx of spectators and tourists, who will require
accommodation, transportation, healthcare, food, leisure activities, among other
essential services. We have provided a summary of the most prominent infrastructure
projects below:
Lusail City will span an area of 38 square miles and include nineteen residential,
entertainment and commercial districts, accommodating up to 200,000 residents.
The largest 2022 FIFA World Cup stadium, known as Lusail Stadium, will also be
constructed in the new city and will host the opening ceremony and the final
match. The estimated cost of the new city is USD 46 billion and is expected to be
completed by 2019.
The Msheireb Downtown Doha is a USD 5.5 billion project to redevelop historical
downtown Doha and claims it will be the world’s first sustainable downtown
regeneration project. The downtown area will include office space, retail,
residential units, hotels, museums, and entertainment venues. The project is
expected to be completed in 2016.
The first phase of Hamad International Airport (HIA) opened in 2014, with the final
phase planned for 2018. HIA will replace Doha International Airport as Qatar’s
primary airport. It currently has the capacity to handle 24 million passengers and
750,000 tons of cargo. HIA is expected to handle up to 50 million passengers upon
completion.
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The Qatar Expressway Programme will add 900km of new roads, underpasses and
flyovers throughout the country, connecting key cities in the lead up to the 2022
FIFA World Cup. It is a seven-year project with an estimated total cost USD 8.1 billion
and an expected completion date by 2016. Kellogg Brown & Root Pty Ltd (KBR) has
been selected as the programme manager in 2010 for the Qatar Expressway
projects and was awarded a three-year renewal in June 2016.
Qatar Rail is developing the Doha Metro Project comprised of four lines at a length
of 300km and will include one-hundred stations. Phase one will be complete by the
end of 2019 and will be part of the broader Qatar Rail network slated for
completion by 2026.
The New Doha Port will have the capacity of 2 million twenty-foot equivalent units
(TEUs) and has an expected completion date in 2016 for the first phase. In the
second and third phases of the project, the port will be expanded for additional
capacity and will be complete after 2022. The project is estimated to cost USD 7.4
billion. It will include five general cargo terminals and berths, four container
terminals and berths, and a customs complex, among other facilities.
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Appendix: Table of major entities and key contracts
In this section, we summarize some of the largest projects currently under way in Qatar, listed by the Qatari sponsor of the project,
where available. The award date, size, primary contractors and subcontractors are listed where available. Note that where a
prime contractor and/or project manager are not listed, but a partner is, it usually means that the project was in the
design/architectural stage of development and the ‘partner’ listed is the architect/design firm. We also note whether the project
was specifically driven by the 2022 FIFA World Cup, or not. Note that the long list of prime and subcontractors means that there
is likely a great deal of work to be had supporting the overall projects; and at each of the Qatari sponsoring organizations, we
find that new projects are constantly being offered for tender. Consequently, we would suggest that interested parties not only
register with each sponsor in order to receive future notifications, but also to continue to check the websites of each of them
for news that may lead to insights about future plans.
Qatari sponsor Project Award Date Size (USD) 2022 Prime contractor/Project Partners
World Management
Cup
Supreme Committee for Products and Services 2017-18 Y Various
Delivery and Legacy (SC) Procurement (general)
Supreme Committee for Al-Rayyan Stadium Jun-2016 Y AECOM Al Balagh Trading &
Delivery and Legacy (SC) Contracting; Larsen &
Toubro Ltd.; Ramboll;
Pattern
Supreme Committee for Al-Wakrah Stadium Sep-2015 120 million Y MIDMAC(JV-PORR Qatar & Six Zaha Hadid
Delivery and Legacy (SC) Construction)/KEO International Architects, AECOM
Consultants
Supreme Committee for Qatar Foundation Stadium Sep-2016 Y ASTAD Project Conspel Qatar WLL;
Delivery and Legacy (SC) Management/Joannou & J&P Avax SA; J&P
Paraskevaides (J&P) Qatar (Overseas) Ltd; FIA
Fenwick Iribarren
Architects
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Supreme Committee for Lusail Stadium - Y Foster+Partners,
Delivery and Legacy (SC) Manica Architecture,
ARUP, Populous
Supreme Committee for Ras Abu Aboud Stadium - Y Time Qatar (subsidiary of Turner Populous
Delivery and Legacy (SC) Construction)
Supreme Committee for Al-Thumama Stadium - Y Arab Engineering
Delivery and Legacy (SC) Bureau
Qatar Public Works Qatar Expressway 2010 8.1 billion Kellogg Brown & Root Pty Ltd
Authority (Ashghal) Programme (KBR)
Qatar Public Works Inner Doha resewerage 2012 2.7 billion CH2M Hill International
Authority (Ashghal) Implementation Strategy
(IDRIS)
Qatar Public Works Local Roads and Draining Ongoing 14.6 billion Parsons Brinkerhoff Khatib & Alami WSP;
Authority (Ashghal) Programme AECOM; Hyder;
Atkins
Qatar General Electricity Phase 10 of Qatar Power Mar-2012 188 million Siemens WLL (Qatar)
and Water Corporation Transmission System
(Kahramaa) Expansion
Qatar General Electricity Umm Al Houl Power 3.8 billion Samsung C&T/K1 Energy (JV- ABB; ACCIONA
and Water Corporation Tokyo Electric Power Co. & Agua; Doosan Hydro
(Kahramaa) Mitsubishi Corp) Technology; Hitachi
Zosen; HP Valves;
Nexans; Siemens;
Yokogawa Electric
Korea & Yokogawa
Solution Service
Corporation
The Aspire Zone Khalifa International Jun-2016 Y Projacs/Midmac Contracting Six Construct; Dar Al-
Foundation Stadium (renovation) Handasah
The Aspire Zone Al-Bayt Stadium Jul-2015 861 million Y Projacs/Salini Impregilo Group Galfar; Cimolai; Dar
Foundation Al-Handasah
Qatar Rail Doha Metro - North Red JV - Impregilo SpA/SK Eng &
Line Constr. Co. Ltd./Galfar AI
Misnad WLL
Qatar Rail Doha Metro - South Red JV - QDVC/GS Eng. & Constr.
Line Corp./Al-Darwish /Eng WLL
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Qatar Rail Doha Metro - Gold Line JV - Aktor S.A./Larsen &
Toubro/Yapi Merkezi
Insaat/Sezai Turkes Feyzi
Akkaya/Al Jaber Eng LLC Joint
Venture (ALYSJ JV)
Qatar Rail Doha Metro - Green Line JV - PORR Bau GmbH/Saudi
Binladin Group Co. Ltd. –
Hamad Bin Khalid Contracting
Co. WLL (PSH JV)
Qatar Rail Doha Metro - Major JV - Samsung C&T
Stations (Msheireb, Corp./Obrascon Huarte Lain SA
Education City) (OHL)/Qatar Building Co. (SOQ)
Qatar Rail Doha Metro - South Red JV - FCC Construccion
Line elevated SA/Yuksel Insaat
A.S./Archirodon Constr.
(Overseas) Co. SA (FYAP)
Qatar Rail Doha Metro - Green Line JV - Saudi Binladin Group Co.
elevated Ltd./PORR Bau GmbH/Hamad
Bin Khalid Contracting Co. WLL
(SPH)
Qatar Rail Doha Metro - North Red JV - Rizzani De Eccher
Line elevated SpA/Lotte Eng. and Constr. Co.,
Ltd./Redco International Trading
and Contracting WLL (RLR)
Qatar Rail Doha Metro - North Red JV - Impregilo SpA/SK Eng &
Line Constr. Co. Ltd./Galfar AI
Misnad WLL
Qatar Rail Doha Metro - North Red JV - Impregilo SpA/SK Eng &
Line Constr. Co. Ltd./Galfar AI
Misnad WLL
Qatar Rail Lusail Tram Y
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Qatari Diar (Real Estate Lusail City 46 billion Y Foster + Partners
Development arm of
Qatari Investment
Authority)
Local Organizing Various
Committee
Ministry of Municipality Al-Khor Expressway Aug-2016 2.1 billion Y Tekfen Holding Construction
and Environment (MME) Company
New Port Project Steering Hamad Port 7 billion AECOM China Harbour
Committee Engineering Company
Ltd; Middle East
Dredging Company;
Shanghai Zhenhua
Heavy Industries
New Port Project Steering Qatari Emiri Naval Forces AECOM China Harbour
Committee Base (sub-project of Engineering Company
Hamad Port)
New Port Project Steering Qatar Economic Zone 3 300 million Hyundai Engineering & Boskalis-Middle East
Committee excavation and dredging Construction Co. Ltd.
(sub-project of Hamad
Port)
New Port Project Steering New Doha Port initial 879 million AECOM
Committee contract (sub-project of
Hamad Port)
New Port Project Steering New Doha Port main 1.2 billion AECOM
Committee channel excavation (sub-
project of Hamad Port)
New Doha International Doha International Airport Nov-2015 76.1 million Consolidated Engineering
Airport Steering (Hamad IA) land Construction Company
Committee reclamation
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About Whispering Bell
Established in 2009 and headquartered in the UAE, Whispering Bell has rapidly expanded
across the region and now provides security risk mitigation support to clients from the oil
and gas, critical national infrastructure, finance, telecommunications, maritime, aviation
and government sectors.
We are comprised of passionate security, risk management and market entry specialists,
focused on delivering integrated physical security, technical security and business
advisory solutions with a core focus on service delivery.
By listening to our clients’ needs and sharing our experience, each one of our solutions is
unique and built around the specifics of the country, sector, assets and people within the
client’s organization.
Business Advisory Services
Market Research, Commercial Due Diligence, Partner Vetting & Feasibility Studies
Threat and Risk Assessments
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Technical and Information Security Services
For more information on our reporting capability and pricing, contact:
ras@whisperingbell.com
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