Qatar Construction

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Since the unveiling of Qatar National Vision 2030 in 2008, new infrastructure projects have made the construction sector the country’s fastest-growing non-hydrocarbons contributor. Qatar has seen a host of major hard infrastructure projects over the past decade, including Hamad Port (formerly the New Port Project), the Qatar Rail Development...

Chapter | Construction from The Report: Qatar 2015

Construction represents Qatar’s fastest-growing sector, with the government having pledged $200bn of investment as part of a vast infrastructure expansion scheme. As a result, opportunities for contractors abound, particularly in the transport, retail, real estate, tourism, and education sectors, not to mention the eight multibillion-dollar stadia being built in preparation for the 2022 FIFA...

Hydrocarbons revenues, specifically from liquefied natural gas, still form the bulk of Qatar’s national income. However, as the country moves forward with Qatar National Vision 2030 (QNV 2030), the government is increasingly seeking to diversify the economy away from hydrocarbons while investing in renewable solutions to meet the energy demands of the future.

Real estate prices in Qatar hit record highs in June after rising 28.9% year-on-year (y-o-y) according to the Real Estate Price Index (REPI) published by the Qatar Central Bank (QCB), its most recent data. The average prices for land, commercial and residential properties in June were 20% higher than the previous peak of September 2008, the central bank said.

2013 saw the transition of power from the former Emir, Sheikh Hamad bin Khalifa Al Thani, to Sheikh Tamim bin Hamad Al Thani, his fourth son and second son with Sheikha Moza bint Nasser, a move unprecedented elsewhere in the Gulf but not unexpected in Qatar. 

Economic growth has created an unprecedented demand for construction equipment and raw material to build infrastructure, industrial bases, residences, retail outlets and all the other elements that are driving Qatar’s economy. This in turn requires a robust transport and logistics network to import and export goods and material. However, the...

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