The Construction in Qatar - Key Trends and Opportunities to 2028 (Q2 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.
The analyst expects the industry to rebound at an annual average growth of 4.7% from 2025 to 2028, supported by investments in renewable energy, industrial, and oil and gas projects. The Qatar National Renewable Energy Strategy (QNRES) was introduced by Qatar General Electricity and Water Corporation (Kahramaa) in April 2024. This initiative was launched in collaboration with 22 significant energy participants and is in line with Qatar's commitment to a sustainable future, as well as the objectives of the Third Qatar National Development Strategy 2024-2030 and the Qatar National Vision 2030. By 2030, Qatar aims to install distributed solar generation of up to 200MW and expand its renewable power capacity to approximately 4GW, under the QNRES. The country is also targeting to expand the total renewable energy share to 18% by 2030, from 5% in April 2024. By the end of 2024, two solar power plants-Ras Laffan Industrial City, with a capacity of 458MW, and Mesaieed Industrial City, with a capacity of 417MW-are expected to be completed. The estimated cost of the solar plants is approximately QAR2.3 billion ($630 million). Forecast period growth will also be supported by the country’s target of improving annual petrochemical production capacity to about 14 million tonnes by the end of 2026. The QAR21.8 billion ($6 billion) Ras Laffan Petrochemical Complex, which is being constructed 80 kilometers north of Doha, was started earlier in February 2024 by QatarEnergy. The project involves construction of an ethane cracker plant with a 2.1 million tonnes per year (mtpa) output capacity, by 2026.
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 the analyst'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 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-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
