Projects awarded in Qatar more than doubles quarter-on-quarter in Q3: Kamco Invest ...Qatar

Total contracts awarded in Qatar more than doubled quarter-on-quarter to $3.4bn during the third quarter (Q3) of 2022 with chemicals sector taking the lead, according to Kamco Investment. The value of contracts awarded in Saudi Arabia was seen declining 78.5% quarter-on-quarter and the UAE by 11.9%, Kamco Invest said in its latest report. On an annualised basis, total contracts awarded in Qatar fell 5.1% in Q3-2022. The chemical sector took the lead in terms of value with it accounting for 32.1% ($1.1bn) of the total projects awarded in Qatar during Q3-2022 compared to $250mn value of contracts the sector received during Q3-2021. This was mainly due to the $1bn project to develop the world’

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