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Qatar Construction Market to Grow at CAGR of 7.27% during 2017 – 2021

Press Release   •   Feb 28, 2017 10:09 EST

Qatar’s construction Market registered notable growth during the review period, mainly driven by public sector investments in construction projects. These investments were part of the National Development Strategy 2011-2016, under which the government invested over QAR455 billion (US$125 billion) in various large scale construction projects. Qatar Construction Market’s output value in real terms increased at a compound annual growth rate (CAGR) of 17.81% during the review period, and is expected to record a CAGR of 7.27% over the forecast period.

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Under QNV 2030, the government is developing a new city, which will have the capacity to accommodate a population of 450,000. The city is being constructed on an area of 38.0km2, 22.0km to the north of Doha. The project comprises 19 mixed-use residential, commercial and entertainment districts, including 25,000 residential buildings, 22 hotels, a 20-story building called Business Square and more.

Driven by the Fifa World Cup in 2022, the government is making huge investments to develop various projects. According to government estimates, it will require the construction of 12 new stadiums and 90,000 hotel rooms in order to accommodate an estimated 400,000 visitors attending to witness the tournament. Accordingly, the government announced plans to invest over QAR728 billion (US$200 billion) until 2022 to develop related infrastructure, including rail and road projects, hotels and stadiums.

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In November 2016, in a bid to meet the growing demand for housing for expatriates, the government announced plans to develop a large-scale housing project in the Al Khor and Umm Salal Mohammed regions. With an aim to address the need for quality healthcare services, in March 2015 Hamad Medical Corporation (HMC), the country’s public healthcare provider, announced plans to expand and upgrade healthcare facilities across the country under a 15-year Facilities Master Plan.

Construction in Qatar, Key Trends and Opportunities to 2021 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; Analysis of equipment, material and service costs for each project type in Qatar; Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Qatari construction industry; Profiles of the leading operators in the Qatari construction industry; Data highlights of the largest construction projects in Qatar.

Company Profiles Included: MIDMAC Contracting Co. WLL, HBK Contracting Company WLL, Qatar Engineering & Construction Company WLL, Medgulf Construction Company (WLL), Gulf Contracting Co. WLL

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Scope of Qatar Construction Market report

Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Qatar using construction output and value-add methods; Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type; Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services); Analysis of key construction industry issues, including regulation, cost management, funding and pricing; Detailed profiles of the leading construction companies in Qatar.

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