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SBD Global/April 17, 2013/Facilities

German Chancellor Urges Qatar To Ensure Fair Tenders For World Cup Projects

German Chancellor Angela Merkel urged Qatar "to ensure a reliable legal framework for companies bidding for the multi-million dollar infrastructure projects" for the 2022 World Cup, according to Sarah Marsh of REUTERS. Merkel: "For the engagement of German companies in Qatar, it is very important that tender procedures are fair and transparent and the legal framework is reliable." Infrastructure spending in Qatar will average more than 10% of gross domestic product ahead of the World Cup, "with activity in the construction sector likely to peak" around '15. The Qatari government has allocated 40% of its budget between now and '16 "to fund a string of mega-projects," including $5.5B for a deepwater seaport, $20B for roads and a $17.5B new airport (REUTERS, 4/15).
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