Qatar Construction Market Size (2024 - 2029)

The Qatar Construction Market size is projected to grow significantly due to the country's commitment to hosting major international events like the 2022 FIFA World Cup and the Asian Games in 2030. This commitment, coupled with the nation's National Vision 2030 and the current Emir's focus on domestic welfare, has led to an impressive array of infrastructure and industrial projects. The market expansion includes major projects like the expansion of the Doha Metro network and the construction of a multibillion-dollar bridge. Furthermore, the rapid development of the country's infrastructure, including state-of-the-art highways, a metro system, and cultural landmarks, has made it a popular travel destination, further contributing to the market size growth.

Market Size of Qatar Construction Industry

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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 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

Qatar Construction Market Size Summary

The Qatar construction market is experiencing significant growth, largely driven by the country's commitment to hosting major international events like the 2022 FIFA World Cup and the Asian Games in 2030. These events have necessitated a range of infrastructure and industrial projects, which are contributing to the expansion of the construction sector. The government's focus on the construction sector is evident in its allocation of funds for new projects, and its efforts to diversify the economy by reducing its dependence on the oil and gas sector. Investments in transportation infrastructure projects and public-private partnerships are expected to attract private sector investment and support industry growth. The construction and realty sector in Qatar are also being boosted by a boom in real estate, particularly outside the capital. Despite a national decline, there has been a significant year-on-year increase in the number of building permits issued in several municipalities. The construction market in Qatar is fragmented, with both local and regional players contributing. Major and specialized companies have experienced growth and stability, and many construction service providers and facility management companies are seeking to enter the Qatar market. The facility management industry, in particular, is expected to see exponential growth in the coming years.

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Qatar Construction Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Economic and Construction Market Scenario

    2. 1.2 Technological Innovations

    3. 1.3 Government Regulations and Initiatives

    4. 1.4 Mapping of Industrial Clusters and SEZs and a Brief Analysis of Investment Opportunities

    5. 1.5 Comparison of Key Industry Metrics of Qatar with Other GCC Member Countries

    6. 1.6 Comparison of Construction Cost Metrics of Qatar with Other GCC Member Countries

    7. 1.7 Real Estate Prices (Sales and Leasing) by Asset Classes (Residential, Commercial, and Retail)

    8. 1.8 Insights into Building Permits in Qatar, by Type and Municipality

    9. 1.9 Impact of COVID-19 on the Market

    10. 1.10 Market Dynamics

      1. 1.10.1 Drivers

        1. 1.10.1.1 Rapid Urabanization

        2. 1.10.1.2 Increasing government investments

      2. 1.10.2 Restraints

        1. 1.10.2.1 Increasing cost of raw materials affecting the construction industry

        2. 1.10.2.2 Slowdown in economic growth affecting the market

      3. 1.10.3 Opportunities

        1. 1.10.3.1 Increasing transportation infrastructure projects

        2. 1.10.3.2 Demand for healthcare facility construction

    11. 1.11 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.11.1 Bargaining Power of Suppliers

      2. 1.11.2 Bargaining Power of Buyers/Consumers

      3. 1.11.3 Threat of New Entrants

      4. 1.11.4 Threat of Substitute Products

      5. 1.11.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Commercial Construction

      2. 2.1.2 Residential Construction

      3. 2.1.3 Industrial Construction

      4. 2.1.4 Infrastructure (Transportation) Construction

      5. 2.1.5 Energy and Utilities Construction

Qatar Construction Market Size 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.

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