Qatar’s construction industry is forecast to record a marginal decline of 0.1% in 2021, following a contraction of 3.8% in 2020. According to the Planning and Statistics Authority (PSA), the industry's value add declined by 1.5% year on year (YoY) in H1 2021, which followed a 3% year-on-year (Y-o-Y) decline during the same period of 2020. However, the industry started to recover in the second quarter of 2021, with a 0.6% Y-o-Y growth, which was supported by the non-oil sector and the completion of implementation stages in the Hamad Port and Hamad International Airport projects.
The publisher expects the industry to recover by 3.2% in 2022, supported by an improvement in the energy sector, a rebound in the global economy and renewed investments owing to the ending of the economic blockade of Qatar from January 2021. Growth is also likely to be assisted by the government capital expenditure under the 2022 Budget. Construction output growth is expected to pick up to annual average growth of 4.1% between 2023 and 2025, supported by investments under the Qatar National Vision 2030, under which QAR60 billion (US$16.4 billion) will be invested in infrastructure and real estate projects by 2025. In addition, the country’s plan to increase the Liquified Natural Gas (LNG) production capacity from 77 million tonnes per year to 110 million tonnes per year by 2030 will support investments in oil and gas projects. The ratification of a new law regulating public-private partnership (PPP) will attract private sector investment in the development of infrastructure, schools, and healthcare projects, thus supporting the industry’s growth.
Qatar has become more ambitious towards upgrading and attracting investment in renewable energy infrastructure projects. In January 2021, the state-owned petroleum company, Qatar Petroleum, released its plan to create low carbon energy by cutting down the emissions intensity of the country’s LNG through increasing its solar capacity by 2-4GW by 2030. Growth will be assisted further by the execution of QAR53.9 billion (US$14.8 billion) in road and infrastructure projects in collaboration with Ashghal, Qatar's public works authority, between 2021 and 2025, including QAR1.6 billion (US$439.6 million) for road and public area renovation projects and QAR5.8 billion (US$1.6 billion) for infrastructure maintenance.
The publisher’s Construction in Qatar - Key Trends and Opportunities to 2025 (Q4 2021) report provides detailed market analysis, information, and insights into Qatar’s construction industry, including:
This report provides a comprehensive analysis of the construction industry in Qatar. It provides:
The publisher expects the industry to recover by 3.2% in 2022, supported by an improvement in the energy sector, a rebound in the global economy and renewed investments owing to the ending of the economic blockade of Qatar from January 2021. Growth is also likely to be assisted by the government capital expenditure under the 2022 Budget. Construction output growth is expected to pick up to annual average growth of 4.1% between 2023 and 2025, supported by investments under the Qatar National Vision 2030, under which QAR60 billion (US$16.4 billion) will be invested in infrastructure and real estate projects by 2025. In addition, the country’s plan to increase the Liquified Natural Gas (LNG) production capacity from 77 million tonnes per year to 110 million tonnes per year by 2030 will support investments in oil and gas projects. The ratification of a new law regulating public-private partnership (PPP) will attract private sector investment in the development of infrastructure, schools, and healthcare projects, thus supporting the industry’s growth.
Qatar has become more ambitious towards upgrading and attracting investment in renewable energy infrastructure projects. In January 2021, the state-owned petroleum company, Qatar Petroleum, released its plan to create low carbon energy by cutting down the emissions intensity of the country’s LNG through increasing its solar capacity by 2-4GW by 2030. Growth will be assisted further by the execution of QAR53.9 billion (US$14.8 billion) in road and infrastructure projects in collaboration with Ashghal, Qatar's public works authority, between 2021 and 2025, including QAR1.6 billion (US$439.6 million) for road and public area renovation projects and QAR5.8 billion (US$1.6 billion) for infrastructure maintenance.
The publisher’s Construction in Qatar - Key Trends and Opportunities to 2025 (Q4 2021) report provides detailed market analysis, information, and insights into Qatar’s construction industry, including:
- Qatar’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Qatar’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Qatar. It provides:
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Qatar, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
