Qatar Construction Industry Report 2024: Output to Grow by 4.7% to 2028, Driven by Economic Fluctuations, Government Initiatives, and Evolving Market Demands - ResearchAndMarkets.com

The "Qatar Construction Industry Databook Series - Market Size & Forecast by Value and Volume (area and units), Q2 2024 Update" report has been added to ResearchAndMarkets.com's offering.

The construction industry in Qatar is expected to grow by 4.4% to reach QAR 133.55 billion in 2024. Despite near-term challenges in certain construction sectors, Qatar's construction industry is poised for significant growth. The industry is expected to grow steadily over the next four quarters, with the growth momentum continuing over the forecast period. A CAGR of 4.7% is projected during 2024-2028, with the country's construction output expected to reach QAR 155.76 billion by 2028, indicating substantial growth potential.

This market intelligence report offers a comprehensive view of market opportunities in the building and infrastructure construction industry at the country level. With over 100+ KPIs covering growth dynamics in building and infrastructure construction, construction cost structure analysis, and analysis by key cities in Qatar, this databook provides a wealth of data-centric analysis with charts and tables, ensuring stakeholders are fully informed.

The construction industry in Qatar is navigating a complex landscape characterized by short-term challenges and long-term growth potential. With significant government investments, a focus on diversification, and emerging opportunities in residential, commercial, institutional, industrial, and infrastructure construction, the sector is well-positioned for recovery and expansion. Senior executives should monitor these trends to capitalize on the evolving market dynamics and align their strategies accordingly.

The construction industry in Qatar is undergoing a significant transformation, shaped by economic fluctuations, government initiatives, and evolving market demands.

• Government Investment: Qatar is committed to investing over QAR 728 billion (approximately USD 200 billion) in infrastructure projects by 2030. This investment aims to diversify the economy, expand the North gas field, and prepare for the 2030 Asian Games, enhancing the construction landscape.
• Focus on Renewable Energy: A significant aspect of the construction outlook includes the expansion of Liquefied Natural Gas (LNG) production capacity by 85%, projected to increase from 77 million tonnes per annum (mtpa) in 2023 to 142 mtpa by 2030. This initiative is expected to spur industrial and energy construction growth.

Advancing Residential Construction

• Permit Trends: Despite a decline in overall building permits issued in 2023, the residential sector remains resilient, indicating potential for recovery as new projects are initiated. The government aims to distribute affordable housing units to a significant portion of the population by 2030, further supporting sector growth.

Expanding Commercial Construction Opportunities

• Sector Growth: The commercial construction sector is expected to rebound as leisure, hospitality, and retail building investments increase. Qatar's efforts to enhance its global transportation hub status and attract international businesses support the anticipated growth.
• Public-Private Partnerships (PPPs): The endorsement of new laws regulating PPPs will likely attract private sector investments in commercial projects, enhancing the sector's growth potential. This approach is critical for developing infrastructure and commercial facilities that meet the needs of a growing economy.

Strengthening Institutional Construction

• Investment in Facilities: Increased public spending will benefit the institutional construction sector, which encompasses educational and healthcare facilities. The government is focused on improving access to quality education and healthcare, which will drive demand for new institutional projects.
• Long-Term Development Goals: With ongoing investments in research facilities and educational institutions, the institutional sector is expected to grow steadily, aligning with Qatar's long-term development goals and enhancing residents' overall quality of life.

Enhancing Industrial Construction

• Sector Resilience: Industrial construction, particularly in the oil and gas sector, is expected to grow due to substantial investments in new projects. The construction of the QAR 21.8 billion Ras Laffan Petrochemical Complex is a notable example, which will significantly enhance Qatar's petrochemical production capacity by 2026.
• Diversification Efforts: The government's focus on diversifying the economy away from hydrocarbons drives investments in manufacturing and renewable energy projects, further bolstering the industrial construction sector.

Developing Infrastructure Construction

• Infrastructure Investment: The infrastructure construction sector is anticipated to experience growth driven by government spending on transportation and utility projects. This includes the development of rail and road networks, which are essential for enhancing connectivity and supporting economic activities.
• Mega-Project Pipeline: Qatar's commitment to large-scale infrastructure projects, including the upcoming rail line linking Qatar and Saudi Arabia, reflects a strategic approach to improving national infrastructure and positioning Qatar as a regional hub.

Scope

Market Data and Insights: This report provides market size and forecast across 40+ construction segments for ten years from 2019 - 2028 in Qatar.

KPIs covered include the following:

• Market size by value
• Market size by volume of construction
• Number of units

Qatar Construction Cost Structure Analysis: 10-year market size & forecast in value terms

• Cost Analysis by Type (Material, Labour, Equipment, Others)
• By Material & Work Cost: It provides the cost outlook of material costs by type of materials used in construction (Cement, Steel, Sand, Aggregates, Bricks, Wood, Windows Glazing, Flooring, Plumbing, Electrical, Painting, Other Materials)
• By Labour Cost: It provides the cost outlook of labour costs (RCC Construction Work, Masonry and Plastering Work, Plumbing Work, Water Proofing Work, Carpentry Work, Electrical Work, Tile Fixing Work, CATV Antenna Points, Painting Work, Departmental Labour)
• By Type of Construction (New, Re-Development)
• By Material Cost: It provides the cost outlook of material costs by type of materials used in construction (Concreting Sand, Stone Aggregate, Ordinary Portland Cement, Reinforced Concrete (Grade 30 MPA), Reinforced Concrete (Grade 40 MPA), High Tensile Steel bars, Mild Steel Round Bars, Structural Steelwork, Plywood Formwork (1800*900*12mm), Clay Bricks)
• Type of Labour (Skilled vs. unskilled)

Qatar Economic Indicators

Qatar Top Cities Construction Data

Qatar Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Housing type (multi family, single family)
• Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
• Price point/income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)

Qatar Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
• Green building by Price point/income level (luxury, mid-tier, affordable)

Qatar Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Other commercial building construction
• Construction stage (new construction, re-development & maintenance)

Qatar Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction

Qatar Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)

• Manufacturing Plants building construction
• Chemical & Pharmaceutical building construction
• Metal & Material Processing building construction
• Construction stage (new construction, re-development & maintenance)

Qatar Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Healthcare construction
• Educational construction
• Other building construction
• Construction stage (new construction, re-development & maintenance)

Qatar Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Healthcare green building construction
• Educational green building construction

Qatar Infrastructure Construction Sectors: 10-year market size & forecast in value terms by

• Marine and inland water infrastructure
• Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
• Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
• Construction stage (new construction, re-development & maintenance)

Qatar Green Infrastructure Construction: 10-year market size & forecast in value terms

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