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Qatar Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)

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    Report

  • 50 Pages
  • December 2024
  • Region: Qatar
  • GlobalData
  • ID: 5782608

The Construction in Qatar - Key Trends and Opportunities to 2028 (Q4 2024) 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
Qatar’s construction industry is estimated to decline further by 1% real term in 2024, owing to high interest rates, a decline in building permits issued for non-residential buildings, weakness in the industrial market, coupled with increasing budget deficit, and a declining residential sector. Moreover, the total number of permits issued for non-residential buildings declined by 3.6% YoY, while the permits for commercial buildings declined by 69.5% YoY in the first eight months of 2024. Moreover, the average industrial production index fell by 3.1% YoY in the first eight months of 2024, while the average manufacturing production index fell by 3.2% YoY, during the same period. The government announced the 2025 Budget in December which included a budget deficit of QAR13.2 billion ($3.6 billion), up from QAR6.2 billion ($1.7 billion) budget deficit registered in the 2024 Budget. Also, the expected oil and gas revenue for 2025 is estimated at QAR154 billion ($42.3 billion), down by 3.1% compared to QAR159 billion ($43.7 billion) estimated in the 2024 Budget.

However, the construction industry is expected to rebound at an annual average growth rate of 4.5% from 2025 to 2028, supported by investments in renewable energy, industrial projects, and oil and gas initiatives, along with the National Renewable Energy Strategy implemented by the Qatar General Electricity & Water Corporation (Kahramaa). This strategy aims to increase the share of renewable power from 5% in 2024 to 18% by 2030. Additionally, the government plans to invest in renewable energy projects to achieve a capacity of 4GW, which will include 200MW of distributed solar generation by 2030. In line with this, in November 2024, South Korean contractor Samsung revealed that it won a contract from the government for the construction of Qatar's fifth independent water and power project (IWPP).

Scope

  • This report provides a comprehensive analysis of the construction industry in Qatar. It provides:
  • Historical (2019-2023) and forecast (2024-2028) 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 our 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 business strategies using the analyst'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-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
  • About the Analyst
  • Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: Qatar, Key Economic Indicators
Table 3: Qatar, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Qatar, Top Commercial Construction Projects by Value
Table 5: Qatar, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Qatar, Top Industrial Construction Projects by Value
Table 7: Qatar, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Qatar, Top Infrastructure Construction Projects by Value
Table 9: Qatar, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Qatar, Top Energy and Utilities Construction Projects by Value
Table 11: Qatar, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Qatar, Top Institutional Construction Projects by Value
Table 13: Qatar, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Qatar, Top Residential Construction Projects by Value
Table 15: Qatar, Key Contractors
Table 16: Qatar, Key Consultants
Table 17: Qatar, Construction Output Value (Real, $ Million)
Table 18: Qatar, Construction Output Value (Nominal, QAR Million)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2022-28
Figure 2: Qatar, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Qatar, Risk Summary
Figure 4: Qatar, Risk Regional Comparison
Figure 5: Qatar, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Qatar, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Qatar, Construction Value-add, Constant Prices (QAR Million, 2018 Base Prices)
Figure 8: Qatar, New Building Permits Issued (Number)
Figure 9: Qatar, New Building Completion Certificates Issued (Number)
Figure 10: Qatar, Number of Sold Properties
Figure 11: Qatar, Value of Sold Properties (Million QAR)
Figure 12: Qatar, Construction Projects Momentum Index
Figure 13: Middle East and North Africa, Construction Projects Momentum Index
Figure 14: Qatar, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 15: Qatar, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Qatar, Wholesale and Retail Trade Value-add, Constant Prices (QAR Million, 2018 Base Prices)
Figure 17: Qatar, Accommodation and Food Service Activities Value-add, Constant Prices (QAR Million, 2018 Base Prices)
Figure 18: Qatar, New Commercial Building Permits Issued (Number)
Figure 19: Qatar, Commercial Building Completion Certificates Issued (Number)
Figure 20: Qatar, Total International Tourist Arrivals
Figure 21: Qatar, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 22: Qatar, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Qatar, Manufacturing Value-add, Constant Prices (QAR Million, 2018 Base Prices)
Figure 24: Qatar, Industrial and Manufacturing Production Indices (2018=100)
Figure 25: Qatar, Total Exports (QAR Billion)
Figure 26: Qatar, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Qatar, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Qatar, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 29: Qatar, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Qatar, Electricity, Gas, Steam, and Air Value-add, Constant Prices (QAR Million, 2018 Base Prices)
Figure 31: Qatar, Gross Electricity Generated (GWh)
Figure 32: Qatar, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 33: Qatar, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Qatar, Education Value-add, Constant Prices (QAR Million, 2018 Base Prices)
Figure 35: Qatar, Human Health and Social Work Activities Value-add, Constant Prices (QAR Million, 2018 Base Prices)
Figure 36: Qatar, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 37: Qatar, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 38: Qatar, Real Estate Activities Value-add, Constant Prices (QAR Million, 2018 Base Prices)
Figure 39: Qatar, New Residential Building Permits Issued (Number)
Figure 40: Qatar, New Residential Building Completion Certificates Issued (Number)
Figure 41: Qatar, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 42: Qatar, Headquarters of Key Consultants (% of Total Project Pipeline)