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Qatar Building Construction Industry at the Zenith October 2011

47 Pages Ventures Middle East LLC October 01, 2011 SKU: VME6661306

Qatar, since its discovery of oil and gas in the 1960’s has been known in global circles as the largest per capita producer and supplier of gas. However, recently, it has undergone a transformation led by the government’s ambitious plans to diversify the economy and reduce its reliance on its hydrocarbon wealth, through a massive spending programme under its Nation Vision 2030 programme with a US$ 800 billion spending kitty.

Its ambitions have been further fuelled by its successful bid to host the Football Federation (FIFA)’s World Cup Football event in 2022. As the country has stepped up investment across the sectors, predominantly in infrastructure with its resultant spill-over into building construction and employment generation, the construction industry is expected to grow at the rate of 12 percent annually between 2011 and 2015 driven by projects in anticipation from the boost in demand from the World Cup event and its surrounding economic frenzy. Building construction sector which constitutes 57 percent of the construction sector is therefore likely to be a large contributor to this growth trend.

The Qatar Building Construction Industry at the Zenith analysis this growth story, the trends across the various segments of the building construction industry, namely, retail, commercial, residential, tourism and leisure and others (including airports, sports, educational institutions, hospitals and other projects). The socio-political climate and other economic, technological and legal and regulatory trends are also analysed in order to ascertain the key market drivers and restraints and their probable impact on the industry and its growth through the PESTLE (Political Economic Social Technological, Legal and Regulatory Trends) diagram and the probability impact matrix.

The report also provides valuable trends and forecasts of contractor awards for the building construction industry and its key segments across the period 2010-2013 along with demand forecasts for its three key segments, namely commercial, residential and retail for the period 2011-2015, concluding with the outlook for the building construction industry between 2011 and 2015. A special section on what the World Cup means for the Qatar construction industry also provides valuable insight to industry participants on what is going on and what are the key challenges posed in the run up to Qatar hosting the world famous event for the first time in the history of the Arab World.

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Qatar Building Construction Industry at the Zenith October 2011

Ventures Middle East LLC
October 01, 2011

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