Qatar Infrastructure Q4 2019
We have adopted a more bearish view on the outlook for Qatar's construction sector, following the release of data whichshowed that the industry is slowing much faster than anticipated. The completion of a huge pipeline of projects required for hostingthe World Cup will lead to a hard landing for the construction sector, as there is a lack of project activity beyond 2022 to sustaingrowth. Over the long term we expect to see tepid growth in Qatar's construction sector, with limited investment opportunities.
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