Qatar Construction Market/Industry Report 2022: Industry to Grow by 2.3% in 2022 and Register an Annual Average Growth Rate of 3.6% Between 2023 and 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Qatar Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to ResearchAndMarkets.com’s offering.

The construction industry in Qatar is estimated to have expanded by 1.7% in real terms in 2021, following an annual decline of 3.8% in 2020, supported by progress in the country’s vaccination drive, coupled with the resumption of major infrastructure projects.

According to the Planning and Statistics Authority (PSA), the industry’s value add grew by 4.8% year on year (YoY) in Q3 2021, compared to a marginal Y-o-Y growth of 0.6% in Q2, and a decline of 3.4% in Q1 2021.

The publisher expects the industry to grow by 2.3% in 2022 and register an annual average growth of 3.6% between 2023 and 2026, supported by investment under Qatar National Vision 2030. The plan aims at transforming the country into an advanced society capable of sustainable growth, with economic, social, human, and environmental development being the four key pillars of the development plan.

The country has partly achieved its goal by framing a step-by-step strategy, involving the first National Development Strategy 2011-2016 and the second National Development Strategy 2018-2022, and is now in the process of preparing the third strategy. In addition, the country’s plan to increase the Liquified Natural Gas (LNG) production capacity from 77 million tonnes per year to 110 million tonnes per year by 2030 will support investments in oil and gas projects.

Following Russia’s invasion of Ukraine and the disruption of Russian gas supplies to Europe, gas prices have soared, and there is scope for an increase in demand for gas from Qatar, which has already been engaging with European nations over increased gas exports.

The ratification of a new law regulating public-private partnership (PPP) will also attract private sector investment in the development of infrastructure, schools, and healthcare projects, supporting the industry’s growth over the forecast period. Forecast-period growth will also be supported by investments on transport infrastructure projects.

The state-owned railway company Qatar Rail is expected to commence construction on a railway line connecting Qatar and Saudi Arabia this year.

Scope

• 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

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 COVID-19 Status

3.5 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

For more information about this report visit https://www.researchandmarkets.com/r/8559ry

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

[email protected]

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900