Qatar Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027
Description
Qatar Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027
Summary
The construction industry in Qatar is expected to remain weak in the initial part of the forecast period, registering an annual fall of 5.7% in 2023 and 0.9% in 2024. This weakness is attributed to lower energy prices and an end to a construction boom related to the 2022 FIFA World Cup. Following the completion of the 2022 FIFA World Cup, the government reduced its allocation to major projects by 13.6% in the 2023 Budget, from QAR74 billion ($20.3 billion) in 2022 to QAR63.9 billion ($17.6 billion) in 2023. High inflation and supply chain disruptions could also weigh on the industry's output this year.
The industry will regain some growth momentum from 2025, supported by investments in the transport, renewable energy, housing, and oil and gas sectors. In May 2023, Qatar's Public Works Authority (Ashghal) announced a plan to invest QAR4.1 billion ($1.1 billion) on 22 building projects. Of the total, 10 projects, with an estimated value of over QAR3 billion ($824.2 million), are under implementation. Significant developments include construction of the Hamad General Hospital, establishment of the Madinat Khalifa Health Centre, and the rehabilitation of the veterinary laboratory building of the Ministry of Municipality. Qatar's plan to increase Liquefied Natural Gas (LNG) production capacity from 77 million tons per year in 2022 to 126 million tons per year by 2027, combined with investments as part of the North Field expansion project, will also boost the industry's growth over the forecast period. The state-owned petroleum company of Qatar, QatarEnergy, awarded a QAR2 billion ($5660 million) contract to the Spanish engineering firm Técnicas Reunidas, in August 2023, for implementing Engineering, Procurement and Construction (EPC) work related to the North Field South Project (NFS).
The report provides detailed market analysis, information and insights into Qatar's construction industry, including -
- Qatar's construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Qatar's construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Qatar. It provides -
- Historical (2018-2022) and forecast (2023-2027) 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
- Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
47 Pages
- 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 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
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Qatar, Key Economic Indicators
- Table 3: Qatar, Commercial Construction Output by Project Type (Real % Change), 2018–27
- Table 4: Qatar, Top Commercial Construction Projects by Value
- Table 5: Qatar, Industrial Construction Output by Project Type (Real % Change), 2018–27
- Table 6: Qatar, Top Industrial Construction Projects by Value
- Table 7: Qatar, Infrastructure Construction Output by Project Type (Real % Change), 2018–27
- Table 8: Qatar, Top Infrastructure Construction Projects by Value
- Table 9: Qatar, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27
- Table 10: Qatar, Top Energy and Utilities Construction Projects by Value
- Table 11: Qatar, Institutional Construction Output by Project Type (Real % Change), 2018–27
- Table 12: Qatar, Top Institutional Construction Projects by Value
- Table 13: Qatar, Residential Construction Output by Project Type (Real % Change), 2018–27
- Table 14: Qatar, Top Residential Construction Projects by Value
- Table 15: Qatar, Key Contractors
- Table 16: Qatar, Key Consultants
- Table 17: Qatar, Construction Output Value (Real, $ Million)
- Table 18: Qatar, Construction Output Value (Nominal, QAR Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2021–27
- Figure 2: Qatar, Construction Output by Sector (Real % Change), 2021–23 and 2024–27
- Figure 3: Qatar, Risk Summary
- Figure 4: Qatar, Risk Regional Comparison
- Figure 5: Qatar, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018–27
- Figure 6: Qatar, Construction Output Value, by Sector (Real, $ Million), 2018–27
- Figure 7: Qatar, Construction Value Add, Constant Prices (QAR Million, 2018 Base Prices)
- Figure 8: Qatar, New Building Permits Issued (Number)
- Figure 9: Qatar, New Building Completion Certificates Issued (Number)
- Figure 10: Qatar, Number of Sold Properties
- Figure 11: Qatar, Value of Sold Properties (Million QAR)
- Figure 12: Qatar, Construction Projects Momentum Index
- Figure 13: Middle East and North Africa, Construction Projects Momentum Index
- Figure 14: Qatar, Commercial Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 15: Qatar, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 16: Qatar, Wholesale and Retail Trade Value Add, Constant Prices (QAR Million, 2018 Base Prices)
- Figure 17: Qatar, Accommodation and Food Service Activities Value Add, Constant Prices (QAR Million, 2018 Base Prices)
- Figure 18: Qatar, New Commercial Building Permits Issued (Number)
- Figure 19: Qatar, Commercial Building Completion Certificates Issued (Number)
- Figure 20: Qatar, Total Visitor Arrivals (In Thousands)
- Figure 21: Qatar, Industrial Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 22: Qatar, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Qatar, Manufacturing Value Add, Constant Prices (QAR Million, 2018 Base Prices)
- Figure 24: Qatar, Industrial and Manufacturing Production Indices (2013=100)
- Figure 25: Qatar, Total Exports (QAR Billion)
- Figure 26: Qatar, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 27: Qatar, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 28: Qatar, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 29: Qatar, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 30: Qatar, Electricity, Gas, Steam, and Air Value Add, Constant Prices (QAR Million, 2018 Base Prices)
- Figure 31: Qatar, Gross Electricity Generated (GWh)
- Figure 32: Qatar, Institutional Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 33: Qatar, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 34: Qatar, Education Value Add, Constant Prices (QAR Million, 2018 Base Prices)
- Figure 35: Qatar, Human Health and Social Work Activities Value Add, Constant Prices (QAR Million, 2018 Base Prices)
- Figure 36: Qatar, Residential Construction Output by Project Type (Real, $ Million), 2018–27
- Figure 37: Qatar, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 38: Qatar, Real Estate Activities Value Add, Constant Prices (QAR Million, 2018 Base Prices)
- Figure 39: Qatar, New Residential Building Permits Issued (Number)
- Figure 40: Qatar, New Residential Building Completion Certificates Issued (Number)
- Figure 41: Qatar, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 42: Qatar, Headquarters of Key Consultants (% of Total Project Pipeline)
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
