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Qatar Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q2 2024)

Publisher GlobalData
Published Jun 28, 2024
SKU # GBDT19139287

Description

Qatar Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q2 2024)

Summary

GlobalData’s Construction in Qatar - Key Trends and Opportunities to 2028 (Q2 2024) 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.
Following an annual decline of 5.7% in 2023, the construction industry in Qatar is expected to shrink further by 2.8% in real terms in 2024, owing to the subdued investor and consumer confidence amid high interest rates, declining exports, and reduced manufacturing activities. According to the Planning and Statistics Authority (PSA), the total number of non-residential building permits issued in the country fell by 32.2% year-on-year (YoY) in the first three months of 2024, with the total number of permits issued for commercial buildings declining 64.1% YoY during the same period. Total value of exports also fell by 8.6% YoY in January-March 2024, preceded by an annual decline of 25.4% in 2023.

GlobalData expects the industry to rebound at an annual average growth of 4.7% from 2025 to 2028, supported by investments in renewable energy, industrial, and oil and gas projects. The Qatar National Renewable Energy Strategy (QNRES) was introduced by Qatar General Electricity and Water Corporation (Kahramaa) in April 2024. This initiative was launched in collaboration with 22 significant energy participants and is in line with Qatar's commitment to a sustainable future, as well as the objectives of the Third Qatar National Development Strategy 2024-2030 and the Qatar National Vision 2030. By 2030, Qatar aims to install distributed solar generation of up to 200MW and expand its renewable power capacity to approximately 4GW, under the QNRES. The country is also targeting to expand the total renewable energy share to 18% by 2030, from 5% in April 2024. By the end of 2024, two solar power plants-Ras Laffan Industrial City, with a capacity of 458MW, and Mesaieed Industrial City, with a capacity of 417MW-are expected to be completed. The estimated cost of the solar plants is approximately QAR2.3 billion ($630 million). Forecast period growth will also be supported by the country’s target of improving annual petrochemical production capacity to about 14 million tonnes by the end of 2026. The QAR21.8 billion ($6 billion) Ras Laffan Petrochemical Complex, which is being constructed 80 kilometers north of Doha, was started earlier in February 2024 by QatarEnergy. The project involves construction of an ethane cracker plant with a 2.1 million tonnes per year (mtpa) output capacity, by 2026.

Scope

This report provides a comprehensive analysis of the construction industry in Qatar. It provides -
  • Historical (2019-2023) and forecast (2024-2028) 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
Reasons to Buy
  • 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

1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.5 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
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 GlobalData Construction
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), 2019-28
Table 4: Qatar, Top Commercial Construction Projects by Value
Table 5: Qatar, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Qatar, Top Industrial Construction Projects by Value
Table 7: Qatar, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Qatar, Top Infrastructure Construction Projects by Value
Table 9: Qatar, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Qatar, Top Energy and Utilities Construction Projects by Value
Table 11: Qatar, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Qatar, Top Institutional Construction Projects by Value
Table 13: Qatar, Residential Construction Output by Project Type (Real % Change), 2019-28
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), 2022-28
Figure 2: Qatar, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Qatar, Risk Summary
Figure 4: Qatar, Risk Regional Comparison
Figure 5: Qatar, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Qatar, Construction Output Value, by Sector (Real, $ Million), 2019-28
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), 2019-28
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), 2019-28
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), 2019-28
Figure 27: Qatar, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Qatar, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
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), 2019-28
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), 2019-28
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)

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