Qatar Construction Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Qatar construction Market Report is segmented by type (commercial construction, residential construction, industrial construction, infrastructure (transportation) construction, and energy and utilities construction). The report offers market size and forecasts for the Qatar Construction Market in value (USD) for all the above segments.

Qatar Construction Market Size

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Qatar Construction Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 62.95 Billion
Market Size (2029) USD 97.42 Billion
CAGR (2024 - 2029) 9.13 %
Market Concentration Low

Major Players

Qatar Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Qatar Construction Market Analysis

The Qatar Construction Market size is estimated at USD 62.95 billion in 2024, and is expected to reach USD 97.42 billion by 2029, growing at a CAGR of 9.13% during the forecast period (2024-2029).

As a result of its commitment to hosting the 2022 FIFA World Cup, its commitment to its National Vision 2030, and its ambition to host the Asian Games in 2030, Qatar is undertaking an impressive array of infrastructure and industrial projects. The current Emir (in power since July 2013) focuses on the country's domestic welfare by implementing the Second National Development Strategy.

Under Qatar's 2050 Transport Plan alone, 22 new projects worth a total of USD 2.7 billion are expected to be awarded in 2023. Dentons listed The Blue Line, an expansion of the current Doha Metro network, which would be constructed as part of the second phase of the Doha Metro Project, as one of two major projects that \"may be procured\" this year. The second of these projects, the multibillion-dollar Sharq Bridge, will likely construct a three-part bridge with underwater tunnels joining it to connect Katara Cultural Village to Hamad International Airport. Dentons was ranked as the fourth-largest law company in the world by revenue for the fiscal year 2021, with gross sales of USD 2.9 billion.

The city of the Gulf country has quickly developed its infrastructure, making it a popular travel destination. This includes cutting-edge highways, a metro system, colleges, the Museum of Islamic Art, and the stunning new National Museum of Qatar. During the FIFA World Cup Qatar 2022, the Lusail Iconic Stadium, which hosted the championship match, the Stadium 974, and the Al Bayt stadium all served as exhibits for building wonders.

Qatar Construction Market Trends

Government’s Focus on the Construction Sector

  • Government spending will play a crucial role in boosting the construction sector's growth. According to Qatar's 2021 budget, new projects worth QAR 53.9 billion (USD 14.80 Billion) were identified. These infrastructure-related projects were expected to be awarded from 2021 to 2023.
  • The government aims to develop infrastructure and diversify the economy by moving away from its dependence on the oil and gas sector. In efforts to diversify the economy, Qatar has opened economic free zones attracting companies from around the world.
  • The endorsement of new laws regulating public-private partnerships (PPPs) is expected to attract private sector investment in developing infrastructure, educational institutes, and healthcare projects, hence supporting industry growth during the forecast period. Investments in transportation infrastructure projects will also support growth during the forecast period. State-run Qatar Railways plans to begin construction of a rail line linking Qatar and Saudi Arabia at the end of 2023.
  • In addition to building stadiums specifically to host World Cup matches, Qatar has been investing and continues to invest in modernizing its infrastructure. The goal is to develop into a more significant global transportation hub. Top priorities are the development of airports, a more extensive metropolitan network, and upgraded roadways and emerging cities.
  • While some projects will have a long-term impact, the government already has many initiatives with concrete short-term benefits. The Qatari government has identified several urgent projects for the medium term, earmarking QAR 54 billion (USD 15 billion) for these. In the second quarter of 2021, spending on major infrastructure projects totaled QAR 15 billion (USD 4 billion), or 20.8% of the state's spending budget.
Qatar Construction Market: Growth of construction contribution to GDP Qatar 2013-2022, In percentage

Booming Realty Helping the Construction Sector

  • The construction and realty sector prospects are brighter, especially outside the capital of Qatar. According to official statistics, compared to an overall decline at the national level, there was a significant year-on-year increase in the number of building permits issued in five municipalities in October 2021.
  • The overall number of building licenses issued in the nation in October 2021 decreased by 6.3% from the previous year. However, Umm Slal, Al Khor, Al Shahaniya, Al Wakra, and Al Shamal all had higher growth rates, with Umm Slal recording the highest growth of 42.9%, followed by Al Khor (25%), Al Shahaniya (20%), Al Wakra (16.7%), and Al Shamal (14.3%). In the case of Al Daayen, Doha, and Al Rayyan, there was a decrease of 28.7%, 22%, and 13.8%, respectively, in the period studied.
  • As per figures released by the Planning and Statistics Authority (PSA), Qatar issued a total of 685 building permits in October 2021, with Al Rayyan, Al Wakra, and Al Daayen municipalities together constituting as much as 65% of the total.
  • On a monthly basis, there was a decrease of 7% in the number of building permits issued, with Al Daayen registering a 35% plunge, followed by Al Shamal (33%), Doha (21%), Al Shahaniya (17%), and Al Rayyan (1%). Meanwhile, there was a 31% increase in the case of Al Wakra, 18% in Al Khor, and 11% in Umm Salal. The building permit data is of particular importance as it is considered an indicator of the performance of the construction sector, which, in turn, occupies a significant position in the national economy.
Qatar Construction Market: Number of new building permits issued by region, October 2021, in %

Qatar Construction Industry Overview

The Qatar construction market is fragmented in nature, with the presence of both local and regional players. Some of the key players in the market include QD-SBG Construction, Gulf Contracting, HBK Contracting, and AlJaber Engineering. Major and specialized companies have witnessed unprecedented stability and growth in the Qatari construction market. The country has undertaken large-scale infrastructure projects of various types and invited the participation of international companies.

Many construction service providers and facility management companies are racing to enter the Qatar market for services. Companies are partnering with developers to offer after-construction services. The country's facility management industry is anticipated to experience exponential growth over the following years as towers, low-rise structures, stadiums, and malls are constructed and nearing completion.

Qatar Construction Market Leaders

  1. Al Ali Engineering Co. W.L.L

  2. Al Balagh Trading and Contracting

  3. Arabian Construction Company

  4. Al Darwish Engineering Co.

  5. AL Huda Engineering Works

*Disclaimer: Major Players sorted in no particular order

Qatar Construction Market Concentration
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Qatar Construction Market News

  • December 2022: Hydro Completed the acquisition of Hueck with the approval of the competition authorities in Germany and Austria. This enables Hydro to strengthen its presence in Germany and other European markets and provides a solid base for further surge in extrusion and building systems.
  • November 2022: A subsidiary of renowned construction and infrastructure solutions provider Tadmur Holding, Tadmur Trading, recently announced a collaboration with Henkel Polybit, the world's top producer of waterproofing and construction chemical products. Together, the two parties will work to supply the local market with Henkel Polybit's premium line of building chemicals, including locally produced goods in the state of Qatar.

Qatar Construction Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Current Economic and Construction Market Scenario

    2. 4.2 Technological Innovations

    3. 4.3 Government Regulations and Initiatives

    4. 4.4 Mapping of Industrial Clusters and SEZs and a Brief Analysis of Investment Opportunities

    5. 4.5 Comparison of Key Industry Metrics of Qatar with Other GCC Member Countries

    6. 4.6 Comparison of Construction Cost Metrics of Qatar with Other GCC Member Countries

    7. 4.7 Real Estate Prices (Sales and Leasing) by Asset Classes (Residential, Commercial, and Retail)

    8. 4.8 Insights into Building Permits in Qatar, by Type and Municipality

    9. 4.9 Impact of COVID-19 on the Market

    10. 4.10 Market Dynamics

      1. 4.10.1 Drivers

        1. 4.10.1.1 Rapid Urabanization

        2. 4.10.1.2 Increasing government investments

      2. 4.10.2 Restraints

        1. 4.10.2.1 Increasing cost of raw materials affecting the construction industry

        2. 4.10.2.2 Slowdown in economic growth affecting the market

      3. 4.10.3 Opportunities

        1. 4.10.3.1 Increasing transportation infrastructure projects

        2. 4.10.3.2 Demand for healthcare facility construction

    11. 4.11 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.11.1 Bargaining Power of Suppliers

      2. 4.11.2 Bargaining Power of Buyers/Consumers

      3. 4.11.3 Threat of New Entrants

      4. 4.11.4 Threat of Substitute Products

      5. 4.11.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Commercial Construction

      2. 5.1.2 Residential Construction

      3. 5.1.3 Industrial Construction

      4. 5.1.4 Infrastructure (Transportation) Construction

      5. 5.1.5 Energy and Utilities Construction

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Al Ali Engineering Co. W.L.L

      2. 6.2.2 Al Balagh Trading and Contracting

      3. 6.2.3 Arabian Construction Company

      4. 6.2.4 Al Darwish Engineering Co.

      5. 6.2.5 AL Huda Engineering Works

      6. 6.2.6 Al Jaber

      7. 6.2.7 Al Seal

      8. 6.2.8 Al Sraiya Holding Group

      9. 6.2.9 Alcat Contracting Company

      10. 6.2.10 ALEC Engineering and Contracting LLC

      11. 6.2.11 Aljaber Engineering LLC*

    3. *List Not Exhaustive
    4. 6.3 Other Key Companies

  7. 7. INVESTMENT ANALYSIS

  8. 8. INSIGHTS INTO MAJOR INFRASTRUCTURE DEVELOPMENT PROJECTS

  9. 9. FUTURE OF THE MARKET

  10. 10. APPENDIX

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Qatar Construction Industry Segmentation

The construction market includes a wide range of activities that cover upcoming, ongoing, and growing construction projects in different sectors, which include but are not limited to geotechnical (underground structures) and superstructures in residential, commercial, and industrial structures, as well as infrastructure construction (like roads, railways, and airports) and power generation and transmission related infrastructure.

The report offers a complete background analysis of the construction sector, including an assessment and contribution of the sector to the economy, a market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, etc. The report also covers the impact of the COVID-19 pandemic on the market.

The Qatar construction market is segmented by type (commercial construction, residential construction, industrial construction, infrastructure (transportation) construction, and energy and utilities construction).

The report offers market size and forecasts for the Qatar construction market in terms of value (USD) for all the above segments.

By Type
Commercial Construction
Residential Construction
Industrial Construction
Infrastructure (Transportation) Construction
Energy and Utilities Construction
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Qatar Construction Market Research Faqs

The Qatar Construction Market size is expected to reach USD 62.95 billion in 2024 and grow at a CAGR of 9.13% to reach USD 97.42 billion by 2029.

In 2024, the Qatar Construction Market size is expected to reach USD 62.95 billion.

Al Ali Engineering Co. W.L.L, Al Balagh Trading and Contracting, Arabian Construction Company, Al Darwish Engineering Co. and AL Huda Engineering Works are the major companies operating in the Qatar Construction Market.

In 2023, the Qatar Construction Market size was estimated at USD 57.68 billion. The report covers the Qatar Construction Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Qatar Construction Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Qatar Construction Industry Report

Statistics for the 2024 Qatar Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Qatar Construction analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Qatar Construction Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)