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Page 01 Aug 31.Indd ISO 9001:2008 CERTIFIED NEWSPAPER 31 August 2013 24 Shawwal 1434 - Volume 18 Number 5808 Price: QR2 ON SATURDAY Obama talks tough; Syria strike set WASHINGTON/PARIS: The US made clear yesterday that it would punish Syrian President Bashar Al Assad for the “brutal and flagrant” chemical weapons attack that it says killed more than 1,400 people in Damascus last week. “We can not accept a world where women and children and innocent civilians are gassed on a terrible scale,” President Barack Obama told reporters at the White House. Obama insisted any military action he takes on Syria will be narrow and limited and not an open-ended, long-term com- mitment, nor would it involve US troops on the ground. An attack could happen as soon as today. As he spoke, the US intel- ligence community released a report that said an August 21 chemical weapons attack in a Damascus suburb killed 1,429 people, including at least 426 children. “We cannot accept a world where women and children and innocent civilians are gassed on a terrible scale,” he said, calling the attack a threat to US “national security interests” and slammed the “incapacity” of the UN Security Council to act. Secretary of State John Kerry said it was essential not to let Syria get away with the attack, partly as a sign to those who might consider using chemical weapons in the future. With France affirming its support for a military response to punish Assad’s gov- ernment, the statements from Obama and Kerry appeared to harden the resolve for a US attack despite Thursday’s British par- liamentary “no” vote that left Washington without one of its closest allies. UILDING AGENCIES See also Page 5 Qaradawi slams Assad over chemical attack DOHA: Celebrated Islamic cleric Dr Yusuf Al Qaradawi yesterday condemned the Syrian President, Bashar Al Assad, LUES for using chemical weapons and killing large numbers of innocent people in his country. “I am praying to God,” said the B scholar in his Friday sermon in a tacit THE ISSUE support for action against the Syrian regime, “to take revenge for this act of cowardice from Al Assad and his mili- The worst fears of limited-income The population has been rising rather rap- Naturally, a vast majority of those com- tary”. THE PENINSULA people of a back-breaking price idly, jumping government forecasts, and it is ing in are semi-skilled and unskilled workers See also page 3 rise fuelled by spiralling rents likely to have reached close to the two mil- but labour lodgings are in short supply, and lion-mark, if it has not breached that barrier. the result is that their rents are also hitting It’s hot and humid might come true as real estate Affordable housing, with monthly rents the roof. and construction industry insiders of QR5,000 and QR6,000, is hard to get due Qatar’s planning officials insisted earlier today, tomorrow to shortages that have been yawning despite this year they didn’t see inflationary pres- warn that inflationary pressures soaring demand as more expatriates in sures mounting in a repeat of the night- DOHA: It will be a hot and humid day might begin mounting in 2014. middle-income brackets have been coming marish price rise witnessed after the Asian today with the humidity level reaching as in than those in higher categories. Games in 2008. high as 90 percent, while day tempera- “Low-rent houses are also carrying a pre- But their own figures for inflation released tures could soar to 39 degrees Celsius, hat is when big-time develop- mium, and might get more expensive simply recently show rents soared more than six per- the weather bureau said yesterday. It will ment projects in preparation for because supplies are limited and demand is cent in a year, indicating a disturbing trend. be a more humid day tomorrow with the FIFA World Cup 2022, some of peaking,” a real estate market operator said, “I think given the situation, prices should percentage of humidity in the air reach- Twhich were awarded this year, are asking not to be named. begin spiralling from 2014 when mega devel- ing 95, forecasters told this newspaper. expected to be launched. “As demand keeps surging, owners would opment projects begin in a big way,” another THE PENINSULA Supplies of basic construction raw materi- up the rentals to take advantage of market construction industry insider said. als currently exceed demand, so the prices conditions. It is a natural outcome in such This is what happened during the 2006 Bayern beat Chelsea (of these materials) are stable. situations.” Asian Games. “But there is nothing to be happy about as Higher-end and luxury housing stocks, on The impact of hectic development at the 5-4 to win Super Cup equations might change from next year when the other hand, continue to pile up, causing time was eventually felt by the common man PAGEwork on mega projects 6 takes off, pushing up almost a glut. “Developers are building homes as prices of almost everything went up, with PRAGUE: Bayern Munich lifted the demand,” said a building industry insider on for the rich as though every foreigner who is rents wreaking havoc, said the insider. UEFA Super Cup yesterday with a 5-4 grounds of anonymity, insisting the issue was coming here has a high-income profile,” said Continued on page 3 win on penalties over Chelsea after the sensitive. another real estate market operator. See also page 2 game finished 2-2 following extra-time in Prague. Report on page 22. www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 AUGUST 31, 2013 ON SATURDAY 02 www.thepeninsulaqatar.com Home BY SATISH KANADY s Qatar gets ready to launch signature projects related to the A2022 Fifa World Cup, the country’s construction sector is facing multiple market chal- lenges. Reinforced quality checks, tightened environmental regula- tions and delays at port berths are expected to badly hit the supply chain of primary construction materials, leaving the market volatile. Qatar is expected to launch at least 545 mega projects under various government-supported agencies alone before 2022. All of them are set to start simulta- neously. The construction sector needs a mammoth volume of pri- mary materials. The local market is capable of meeting demand for materials like cement, steel and sand to a certain extent. But it will face serious challenges in pro- curing key materials like gabbro and limestone, which are mainly imported from the United Arab Emirates. Since the projects will be concurrent, the country’s con- struction sector is expected to experience huge demand- supply gaps in other materials too, including precast concrete, asphalt, ready-mix, bitumen, fine sand and washed sand, cement and steel, say market sources. Projected demand for gab- bro is a huge 264 billion tons for the next few years. Demand for limestone will be an estimated Fifa signature projects: three million tons. Sources told The Peninsula that the handling capacities of the gabbro exporting berths in the UAE and the deliv- ery berth in Qatar were limited to three vessels at a time. Qatar’s demand for gabbro and limestone will reach its peak dur- ing 2014-16, when Qatar’s gabbro berths will have to handle 60-80 Lurking hurdles million tons a year. The exist- ing capacity of the gabbro berths in Mesaieed, operated by Qatar Primary Materials Company (QPMC), is just 20 million tons. Last week, QPMC signed a contract with FLSmidth and Six Construct for expansion of the gabbro terminal. The project is due to be completed in 29 months and QPMC is expect to increase the discharge capacity at the gab- bro berths to 30 million tons a year. Sources in QPMC said there were plans to develop small jetties in Mesaieed and Lusail to handle the extra shipment of aggregate. “Supply chain break is going to be a huge problem for Qatar’s construction sector in the middle and long term. During the peak months of construction activity in 2008, there were several occasions when vessels were forced to anchor concrete, projected demand for “The prices might not go up In view of the expected short- material retailer. 2019, says global consultancy E for more than a month, waiting for which during 2014-15 is an esti- in the short term, but they are age in supply of gabbro, Nasser Al The price of ready-mix, pro- C Harris in its latest report. By their turn to deliver the materi- mated 12 million tons, is also sta- likely to go up with increasing Mir suggests that the government jected demand for which during 2021, the value of the construc- als at Qatar’s gabbro berths. With ble. “We expect the demand will demand. With the country having permit construction companies to 2014-15 is an estimated 12 million tion industry is forecast to almost the simultaneous launch of huge reach its peak during 2015-17. a monopoly in steel and cement, replace gabbro with limestone in tons is stable. double to $1bn per annum in real numbers of mega projects, the With the project works picking the prices may be more or less selected non-structural projects. “We expect demand will reach terms, it said, quoting Business number of shipments will swell in up the prices will certainly go up. stable. But we do not know how Nasser Al Mir believes the its peak during 2015-17. With Monitor International figures.
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