Qatar Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Qatar Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Summary

GlobalData expects the Qatari construction industry to grow by 10% in real terms in 2022, following an annual increase of 1.6% in 2021. The completion of targeted buildings and infrastructure projects ahead associated with the FIFA World Cup 2022 has contributed to the sharp growth in recent quarters, along with investment in the hydrocarbons sector. According to the Planning and Statistics Authority (PSA), the industry's value add increased by 14% Year on Year (YoY) in the first six months of 2022. In addition, the PSA reported that the country's total building completion increased by 45.5% in the first ten months of 2022, with non-residential buildings increasing by 96.7% and residential buildings increasing by 35.5%. Moreover, the commercial construction sector is expected to have increased by 12.2% in 2022, driven by the government's projected completion of 44,000 hotel rooms by end of 2022 and the generation of QAR61.9 billion ($17 billion) in tourism activities.

Over the remainder of forecasted period, the industry expected to register an annual average growth rate of 3.6% from 2024 to 2026, supported by investments in the commercial, renewable energy, housing, and oil and gas sectors. As part of the Qatar National Vision 2030, the government expects to attract QAR30 billion ($8.2 billion) in direct investments in logistics development projects, with the goal of transforming Qatar into a regional hub for investments and logistics services. Furthermore, in July 2022, the World Bank reported that the country intends to invest QAR109.2 billion ($30 billion) in expanding LNG production in the maritime and onshore North Field projects by 2027, with capacity expected to increase by 43% from 77 million tonnes per annum (MTPA) to 110MTPA by 2025 in the first phase and from 110MTPA to 126MTPA by 2027 in the second phase.

The report provides detailed market analysis, information and insights into the Qatari construction industry, including -

• The Qatari 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 the Qatari 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 (2017-2021) and forecast (2022-2026) 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 GlobalData'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 GlobalData's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.