We distinguish construction projects as infrastructure - superstructure in general and according to the source of financing we divide as public or private.
OUR SERVICES IN CONSTRUCTION
QANAQ works with engineering experts and project consultants for construction projects.
The requests from our clients generally include:
Project development Subcontractor research
Design and engineering services JV partnership management
Procurement management E-platform registrations
Project management and consultancy Contracts management and consultancy
Cost analysis and budget planning Quality control and inspection
Supply chain management Material research
Project financing and investment analysis Sustainability and green solutions
Laws and regulations Project risk analysis
In line with these requests, we work with our consultants and teams to provide the best service to our clients.
Building a team and carrying out project research and development activities regarding project inquiries from construction companies is our most important mission.
According to 2021 data construction sector has a volume more than 26.63 trillion dollars all over the world.
Our value is to support the participation of construction, design and engineering supply companies operating in such a large market in international projects and to provide the services they need together with our local partners in that country.
QANAQ researches suitable projects for your company or confirms the accuracy of the construction projects submitted by you, represents you at the employer institution interviews in order for you to bid willingly on the project.
And other services we offer please contact us.
Construction companies can have beneficiaries in multiple countries based on the nature of their projects and the clients they work with.
The location of beneficiaries can vary from project to project and can span across different countries or regions.
Companies that specialize in international construction projects or have a global presence may have beneficiaries in various countries where they operate.
The beneficiaries can include clients, investors, stakeholders, local communities, and the economy of the countries where the construction projects are undertaken.
We support our cliens to participate in international tenders of multinational banks and evaluate their compliance with the criteria in the specification together with our local partner and financial institution expertise in the country where the project will be carried out.
On the one hand, while the level of financial vulnerability in the construction sector is increasing, on the other hand, we see that the financial budgets of new generation construction projects where sustainable technologies are used are supported.
We see that construction projects financed by multinational banks are in demand.
IN WHICH COUNTRY or REGION
DOES YOUR COMPANY OPERATE?
PROJECT DEVELOPMENT WORKS
DESIGNED by the CLIENT
OUR OWN RESEARCH
We receive construction projects from our customers. Our customers communicate the services they need for the development of their self-designed projects, and based on their requirements, we form a project team with our partners who will contribute to the development of the project.
The client applies about the need for research on construction projects that our company can undertake abroad. Research is initiated in potential countries, and projects are identified that align with the client's financial capacity and business experience.When the customer makes a decision on the project, the process of other project development services is initiated.
Project development services encompass various activities throughout the entire process from project inception to completion. These services may include:
Project Concept and Design: Creating the project concept and design based on client needs and expectations.
Research and Analysis: Conducting region, sector, market, and competition analysis for the project, performing site investigations, identifying resources, and conducting feasibility studies.
Financial Planning and Resource Mobilization: Planning the required financing for the project, conducting financial analysis, determining resource mobilization methods, and identifying suitable financial sources.
Legal and Administrative Processes: Obtaining necessary permits, ensuring compliance with legal regulations, and providing tax and legal advisory services.
Project Management: Creating the project plan, managing the schedule and budget, coordinating resources, managing risks, overseeing the project team, and facilitating communication.
Business Development and Marketing: Researching suitable business opportunities for the project, identifying potential clients and partners, developing marketing strategies, and promoting the project.
Supplier and Subcontractor Management: Identifying suppliers and subcontractors, negotiating contracts, establishing and managing cooperation agreements.
Project Communication and Reporting: Regularly reporting the project progress to relevant stakeholders, defining communication strategies, and ensuring effective communication with stakeholders.
Project Evaluation and Improvement: Assessing the project process, monitoring performance indicators, and implementing improvement measures as necessary.
These services can be tailored to the specific needs and expectations of each project, and they may vary in priority and requirements at different stages of the project development process.
Roads & Highways
Railway & Metro
Mass Housing Units
Are you searching for a subcontractor?
Finding subcontractors in foreign countries can be challenging for main contractors, which is why they tend to refer their known subcontractors from their own country for international projects. However, it is more advantageous to work with local subcontractors to benefit from cost advantages and to score higher in the bidding process. To seize this advantage, it is crucial to find local subcontractors with strong references and verified past work experiences.
WE PROVIDE CONSULTANCY SERVICE FOR DEVELOPMENT BANK PROCUREMENTS
AFDB and others
Development banks in the world can be divided into two main categories: national development banks and international development banks. Development banks are financial institutions that aim to accelerate the development of a country by providing medium and long-term resources for investments, addressing deficiencies that hinder development, and providing support to overcome these challenges, especially in underdeveloped countries where capital markets are underdeveloped and the banking system is insufficient in providing the required investment resources.
Examples of international development banks include the World Bank, Asian Development Bank, African Development Bank, Islamic Development Bank, and European Investment Bank. On the national level in Africa, examples of development banks include West African Development Bank, ECOWAS Investment and Development Bank established by the Economic Community of West African States, East African Development Bank, Eastern and Southern African Trade and Development Bank, Development Bank of Southern Africa, and Central African Development Bank.
The organizations that provide funding to development banks are known as international development finance institutions, international financial organizations, and international financial unions. Examples of these institutions include:
World Bank Group:
International Bank for Reconstruction and Development (IBRD),
International Finance Corporation (IFC), International Development Association (IDA)
European Bank for Reconstruction and Development (EBRD)
Islamic Development Bank (IDB)
Agency for International Development (AID)
Development banks utilize external loans obtained from international financial institutions and developed countries to provide foreign currency loans to individuals and organizations seeking credit, thereby ensuring external financing for investment projects. In addition to this, development banks offer services such as assisting local and foreign investors in finding partners, facilitating the implementation of development plans, providing technical assistance at the project level to entrepreneurs, taking the lead in new investment areas, contributing to the development of capital markets, mobilizing domestic resources to guide the industrial sector, and providing medium and long-term credit to the industrial sector.
It should be noted that not all development banks provide financial services to both the private sector and public investments. Some development banks solely focus on providing finance to public investments.
For example, the European Bank for Reconstruction and Development (EBRD), which is a subsidiary of the European Investment Bank, was established in 1991 and primarily allocates project credits to the private sector in line with the development policies of EU member and candidate countries. The EBRD, a multinational development bank, is composed of shareholders from 64 countries and the participation of the EU and the European Investment Bank. It finances investments in various sectors related to market economies in approximately 36 foreign countries. It also conducts joint project work with OECD, IMF, World Bank, UN special agencies, and other organizations.
Investment banks can be defined as financial institutions that generally do not accept deposits, do not engage in commercial banking, and operate in areas outside the scope of development banking functions.
Their functions include:
Providing long-term funding.
Supplying medium and long-term capital.
Contributing to the development of capital markets.
Providing advisory services.
Guaranteeing principal and interest payments for investors.
Acting as intermediaries in company mergers, acquisitions, conversions, and privatizations.
Engaging in various activities such as issuing documentary credits, providing guarantees, issuing and receiving letters of credit, and undertaking leasing and factoring transactions.
Investment banks are not limited to providing loans for investments. They can offer technical assistance, consultancy, financial advisory, and financial engineering services to their clients. They assist in financing investments, facilitate corporate mergers and privatizations, act as investment financiers in leasing and factoring transactions, conduct market research for investment purposes, bring together suppliers and demanders of funds, and market securities in domestic and foreign markets.
They can guarantee share sales for companies at a specific price through underwriting methods.
In addition to providing services such as overseas financing, cash management, and enhancing investment profitability on behalf of companies, investment banks can also negotiate on behalf of the company in leasing relationships.
When considering investment and construction projects in Africa or other regions, it is important to manage relationships with investment banks that can support your company in investment endeavors.
The EUROPEAN INVESTMENT BANK
The European Investment Bank primarily aims to foster the development of European Union member countries through its strong capital and financial structure. It also supports investment projects conducted within the framework of cooperation policies for non-EU countries. The European Investment Bank conducts development banking activities in the Pacific countries, the Caribbean, Africa, Central and Eastern Europe, the North Africa-Sahel region, Latin America, and Asia.
Between 2020 and 2021, the European Investment Bank provided a total of 2,556,495,976 euros in financing in Africa. The energy and infrastructure sectors were the main sectors that received financing. Countries such as Senegal, Kenya, and Nigeria were among the recipients of the financing. The European Investment Bank has offices in Cameroon, Egypt, Kenya, Morocco, Senegal, South Africa, Tunisia, Ethiopia, and Ivory Coast.
The bank's aim is to develop economic relations between EU member countries and developing or less-developed countries in different geographies.
The European Investment Fund provides funding for infrastructure, energy, logistics, healthcare, education, telecommunications, and industrial sectors.
Project service financing is typically obtained from various sources.
Equity Contribution: The company or organization providing the project service finances it by using its own capital. This can be sourced from the company's profits or equity.
Loans and Debt: Project service can be financed through loans or debts provided by banks, financial institutions, or investors. These loans or debts are determined based on repayment conditions and interest rates.
Government Support and Incentives: Some governments provide financial support and incentives to companies providing project services. These support measures can include tax benefits, grant programs, subsidies, or low-interest loans.
Investors and Partnerships: Investors or partners can be sought to finance the project. Investors contribute capital to the project in exchange for profit sharing or ownership, while partners actively participate in project financing and operational processes.
Funding Providers: Certain funding providers offer resources for project financing in the private or public sector. For example, development banks can support projects as funding providers.
Collaborations and Consortia: Collaborations and consortia can be formed to finance the project. Multiple companies or organizations combine their resources to finance the project service.
The financing method can vary depending on the project's characteristics, size, risks, and the company's financial situation. Project service financing often involves a combination of different sources, bringing together diverse resources to meet the project's needs. This process involves financial planning, resource research, negotiations, and contracts. Professional financial consultancy and management support can assist in effectively.
As Qanaq Consultancy, we conduct research for suitable financial sources that align with our clients' requirements, and we collaborate with our financial partners in Switzerland, Luxembourg, and the United Kingdom. Please get in touch with us for more detailed information.
DO YOU NEED FINANCE FOR YOUR CONSTRUCTION PROJECT?
Through a partnership agreement, our company gains exclusivity rights in the countries where it operates and carries out research and development activities for energy projects on behalf of its customers. In today's increasingly diverse energy markets, providing consultancy services in international projects with a specialized partner team in financial and investment matters is advantageous for our customers.
Hydrogen, the most abundant element in the universe, can be produced through various methods. One of the most promising approaches for generating low-carbon hydrogen is through electrolysis, a process that involves splitting water (H2O) using electricity.This method holds great potential, especially in developing countries that possess ample solar and wind resources and have established renewable energy infrastructure that can support electrolysis production.
Some countries have existing infrastructure that can be repurposed for the production and transportation of low-carbon hydrogen.
The utilization of this resource extends to multiple sectors. Low-carbon hydrogen can be employed in heavy industries such as steel manufacturing, commercial airliners, and cargo ships, which currently heavily rely on fossil fuels and contribute to nearly 24% of global greenhouse gas emissions as of 2019. Moreover, hydrogen can be utilized to produce ammonia, a crucial component in fertilizer production, as well as serving as a means of storing and transporting low-carbon energy worldwide.
If you are looking for "ENERGY PROJECTS" in foreign regions , contact us to learn our consultancy service offers.
INVESTMENT RESEARCH LEGISLATION ADVISORY LISENCE APPLICATION
CONTRACT MANAGEMENT BUYER&SELLER RELATIONS COUNTRY REPORT
PROCUREMENTS SUBCONTRACTING JV ARRANGEMENT
MATERIAL SUPPLY PROJECT DESIGN LAND OWNERSHIP
We provide consultancy services for main contractor firms in 50 countries, including countries where foreign construction companies face challenges in participating in tenders. We assist in the research and contract phase of subcontractor selection. We collaborate with engineering and consultancy firms in Africa, Australia, America, Asia, and Europe to help our clients find suitable subcontractors for their projects.
For medium-sized construction companies aiming to become subcontractors for large construction firms in foreign countries, it is crucial to establish communication with the targeted companies. Below, you can find the services our company provides to achieve this goal:
Research and analysis: Identify the large construction firms in the foreign countries you are targeting or leave it to us.
Establishing communication: Take action to communicate with the targeted construction firms through various channels.
Presenting collaboration opportunities: Emphasize the strength and capabilities of your medium-sized firm by offering collaboration opportunities for construction projects. We understand the importance of showcasing your past projects and achievements in your portfolio to establish credibility. We also highlight the value and competitive advantages you offer to large construction firms.
Participating in business meetings: Organize bilateral business meetings with the targeted construction firms and represent your company in these meetings. It is crucial to clearly articulate mutual expectations and ensure both parties understand each other accurately.
References and past projects: Review the references and past projects of the companies you intend to collaborate with. Verify their references and gather information about their past projects to gain a better understanding of the company. Similarly, share the past work experiences and references of your medium-sized firm to build credibility.
For medium-sized firms aspiring to become subcontractors for large construction companies in foreign countries, our services include researching communication channels and exploring collaboration opportunities.
STANDARD CONTRACTS CONSULTANCY
FIDIC / AMA / AIA /CCDC and others
Due to our collaborations with multiple engineering, consulting and law firms in multiple countries, we provide consultancy services to construction and engineering companies regarding the standard contracts used in the countries where they intend to undertake projects.
FIDIC (International Federation of Consulting Engineers) is an organization that develops and publishes standard contract rules for construction projects. Among the most commonly used FIDIC rules are:
FIDIC General Conditions of Contract for Construction: These rules regulate the relationships and responsibilities between parties in construction projects.
FIDIC General Conditions of Contract for Design, Build and Operate: These rules are applicable to projects that involve design, construction, and installation works.
FIDIC General Conditions of Contract for Consultancy Services: These rules are used in projects that provide professional services such as engineering consultancy.
Additionally, there are similar rules and standards used in construction projects in different countries. For example, in Sweden, there is a set of standard contract conditions called "AMA - Allmänna bestämmelser för entreprenad" (General Conditions for Construction). In the United States, some standard rules and contract conditions that may be used in construction projects include:
AIA (American Institute of Architects) Contract Documents: AIA provides a set of commonly used contract documents for construction projects. Examples include AIA General Contract Documents and AIA Design Contract Documents.
ConsensusDocs: ConsensusDocs is an organization that provides standard documents for construction contracts among parties involved, such as owners, contractors, designers, and other stakeholders.
NEC (New Engineering Contract): NEC is a contract system originating from the United Kingdom but also used in the United States. NEC promotes a collaborative approach and risk sharing.
It's important to note that specific rules and contract conditions may vary depending on the jurisdiction, project requirements, and parties involved in each country.
In China, there is no specific standard contract document set similar to AIA (American Institute of Architects). The commonly used standard contract documents and rules for construction projects in China are as follows:
China Construction Standard Design and Construction Contract (CCDC): This standard contract document is frequently used in construction projects in China. CCDC regulates the relationships and responsibilities between the parties involved.
China International Contractors Association (CHINCA) Standard Contract: This contract document is widely used among international contractors in China. CHINCA develops and publishes standard contract rules for construction projects.
China Engineering Cost Association (CECA) Standard Contract: CECA is an expert organization in cost management and cost control. The standard contract documents developed by CECA contain important provisions related to cost management.
FIDIC (International Federation of Consulting Engineers) contract documents are sometimes used in construction projects in China. However, instead of FIDIC's original rules, localized versions or contract documents developed by the Chinese government may be preferred in Chinese projects. Therefore, it is not accurate to say that FIDIC rules are generally used in every project in China. The contract documents and rules used in construction projects in China can vary depending on the Chinese government's guidelines and the local practices of the industry.
Are you interested in making construction investments in a foreign country?
Construction investments have been one of the key areas of investment in many countries' economies for many years. With long-term financial support provided for developing countries, numerous citizens gain access to quality transportation, irrigation, drinking water, and housing facilities. The importance of developing internet infrastructure and the increasing focus on quality healthcare policies have brought forth new projects for the renovation of power transmission and distribution channels and the construction of city hospitals. It is also possible to say that construction investments are influenced by the flow of money in the tourism sector. Particularly in developing countries, hotel investments are rapidly increasing, while countries like Greece and Macedonia have seen a concentrated interest in resort hotel concepts from investors. Looking at the development of housing projects in Africa, it is evident that factors such as the requirement for complex procedures for accessing long-term financing, inadequacies in money transfers in many countries, and insufficient trust environment in the country contribute to project delays and slow movement of investors.
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WORLD BANK INSTITUTIONS
The World Bank Group is indeed one of the world's largest sources of knowledge and financing for developing countries. It consists of five institutions, each with its own specific role and focus:
International Bank for Reconstruction and Development (IBRD): The IBRD provides loans to governments of middle-income and creditworthy low-income countries. These loans are aimed at supporting development projects and programs that promote economic growth and poverty reduction.
International Development Association (IDA): The IDA offers financing to governments of the poorest countries. This financing is provided on highly concessional terms, such as low or zero interest rates and long repayment periods. The IDA's focus is on addressing extreme poverty and promoting sustainable development in these countries.
International Finance Corporation (IFC): The IFC's primary goal is to stimulate private sector investment in developing countries. It provides a range of financial products and services, including loans, guarantees, equity investments, and advisory services. The IFC also works to mobilize additional capital from other sources to support private sector development in these countries.
Multilateral Investment Guarantee Agency (MIGA): The MIGA helps facilitate foreign direct investment (FDI) in emerging economies by providing political risk insurance and credit enhancements to investors and lenders. This helps mitigate the risks associated with investing in these countries, thereby encouraging more FDI and promoting economic growth.
International Centre for Settlement of Investment Disputes (ICSID): The ICSID serves as an international institution for the conciliation and arbitration of investment disputes between investors and countries. It provides a neutral and transparent platform for resolving disputes related to investment agreements and treaties, promoting stability and confidence in international investment.
These five institutions work together to support the World Bank Group's overarching mission of reducing poverty, promoting shared prosperity, and fostering sustainable development in developing countries.
WORLD BANK REPORTS 2022
The World Bank approved $9.0 billion in credits for 44 operations in the South Asia region during the fiscal year 2022, including $4.8 billion in commitments from the IBRD and $4.2 billion from the IDA. Approximately 11% of the loans were allocated to energy projects.
In the fiscal year 2022, the World Bank approved $8.5 billion in credits for 47 operations in Europe and Central Asia, including $6.0 billion in commitments from the IBRD and $2.5 billion from the IDA. Approximately 15% of the loans were allocated for energy investments.
The World Bank approved $4.9 billion in credits for 29 operations in the Middle East and North Africa region in the fiscal year 2022, including $4.1 billion in commitments from the IBRD and $817 million from the IDA. Additionally, $80 million of private financing was provided for projects in the West Bank and Gaza.