Market Size of Qatar Construction Industry
| 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
*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.
