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Qatar Construction Industry Progresses with Government Initiatives for Economic Recovery

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Published on : Mar 16, 2017

ALBANY, NY, March 16, 2017: The report provides an in-depth analysis of the several reasons as to why the construction sector in Qatar is expected to display a dip in the near future, which was as an investment hotspot until 2016. Economic and commercial aspects of Qatar’s construction industry are part of this study.

The decline in oil prices in the recent past weakened overall economic growth in Qatar. Being one of the largest oil suppliers in the world, its economic growth is largely dependent on oil revenues. However, the decline in oil prices in the recent past negatively impacted economic performance, which in turn, affected the growth of the construction industry.

Though fluctuating oil prices challenge the industry’s growth, ongoing government efforts are promoting economic growth through an array of programs. This includes Qatar Rail Development Program, Qatar National Vision 2030, and National Tourism Sector Strategy 2030 that are anticipated to favor the growth of the construction industry over the forecast period.

In addition, the Qatari government aims to diversify the economy by revenue generation from non-oil sectors, which is expected to indirectly benefit the construction industry in terms of funding. 

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Moreover, the government of Qatar is striving to enhance regional connectivity by means of development of intra-road networks, which is anticipated to favor the industry’s growth. With plans to augment the energy production, investments for the development of energy infrastructure projects will bode well for the Qatari construction industry.

The Qatar construction industry is expected to rise at a CAGR of 7.27% between 2017 and 2021 in terms of output value, displaying a decline from a CAGR of 17.81% between 2012 and 2016. The report studies the Qatari construction industry in terms of market, construction activity, and project type. The analysis of the report assesses growth potential of the market at a micro-level with an inclusion of more than 600 time-series data projections.

The report is credible for its extensive research phase. Analysts tapped into proprietary databases of accredited agencies and industry-centric bodies. Data gathered was scrutinized using standard analytical tools and was endorsed by industry experts for its reliability. Included in the report is an array of graphical representations and tables that depict the progression of the Qatari construction sector until 2021. The analysis of the report can help stakeholders assess risk to plan strategic moves.

The report mentions and profiles some of the leading players in the Qatari construction industry, namely MIDMAC Contracting Co. WLL, HBK Contracting Company WLL, Qatar Engineering & Construction Company WLL, Medgulf Construction Company WLL, and Gulf Contracting Company WLL. Each of the companies is profiled for their attributes of company overview, history, business position, main services, key competitors, and key employees.

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