Qatar Transportation Infrastructure Construction Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 9.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Qatar Transportation Infrastructure Construction Market Analysis
The Qatar Transportation Infrastructure Construction Market size is estimated at USD 16.96 billion in 2023, and is expected to reach USD 27.07 billion by 2028, growing at a CAGR of 9.80% during the forecast period (2023-2028).
- The Qatari transportation infrastructure construction market is valued at USD 12 Billion and is expected to register a CAGR of more than 8% during the forecast period. The Qatari government has taken measures to curb the spread of COVID-19, and some of these may have an impact on the construction industry. These measures are going to affect labour, supply chains, and financing arrangements in the construction sector.
- The country's construction industry is expected to benefit from investments in preparation for the 2022 FIFA World Cup and Qatar National Vision 2030. Under the National Vision 2030, the country will award an estimated USD 85 billion worth of planned projects in the coming years. The FIFA World Cup 2022 added USD 17 billion to Qatar's economy, an estimate that is equivalent to about 7% of the country's GDP in 2019.
- As one of the world's richest countries per capita, Qatar entered the COVID-19 pandemic from a position of relative strength. Backed by deep and accessible gas deposits, a positive fiscal balance, and a high credit rating, Qatar had invested more in boosting its transport infrastructure.
- The demand for sustainability and technological advancements in the transport infrastructure market is increasing, and companies in the region are expected to adopt and remain competitive.
- Many construction service providers and facility management companies are in the race to enter the Qatari market in terms of services. Companies have partnered with developers to offer after-construction services. As towers, low-rise buildings, stadiums, and malls get built and are near completion, the country's facility management market is expected to grow exponentially in the coming years.
Qatar Transportation Infrastructure Construction Market Trends
Increasing Population Growth Boosting the Transportation Infrastructure Construction in Qatar
- Due in major part to the wealth produced by the oil and gas industry, Qatar has one of the highest GDP per capita rankings in the world, with an average of about USD 100,000 per person.
- The total population of the nation has significantly increased, in large part because of the influx of foreign workers required to fuel economic expansion and, in particular, help build infrastructure. The local population has also experienced one of the fastest accumulations of wealth in the past century.
- To increase transportation infrastructure activities, investments are being made to improve existing infrastructure, such as extending the roads and rails, planning new construction across the country, and improving damaged structures by repairing them.
- The rapid growth of continuing urbanization is a major driver of transportation infrastructure investment.
- New transportation infrastructure is required in developing countries to enable population transfer from rural to urban areas, and existing infrastructures in developed countries must be improved to improve resilience, improve the environment, and reduce maintenance costs.
- Companies could use new and emerging technology to improve public services such as mobility and well-being, interact more effectively with citizens, increase productivity, and solve environmental and sustainability issues.
Developments in the Country Are Promoted by Major Infrastructure
The construction sector is one of the fastest-growing sectors in Qatar, with the government planning to spend over USD 200 billion as part of its infrastructure investment. Major transport projects, coupled with the rapid expansion of tourism, education, and real estate, are expected to dominate economic diversification efforts under the auspices of Qatar National Vision 2030, while the 2022 FIFA World Cup has set a mid-term deadline for a number of high-profile projects.
Qatar is investing heavily in developing infrastructure and construction projects, with USD 220+ billion invested in road networks, stadiums, facilities, and numerous major projects, including hotels, leisure, and recreation in the planning or construction phase.
Qatari Diar remains the largest project client in Qatar in terms of the value of projects in execution. Its USD 17 billion mixed-use Lusali City is still considered one of the largest projects in the country. Other major projects were the FIFA World Cup 2022 stadiums,an extension of the New Doha port pro, an extension of Hamad International Airport, expressways, and road drainage projects run by the Public Works Authority (Ashghal), and development of free zones, led by the newly established Free Zone Authority.
Qatar Transportation Infrastructure Construction Industry Overview
The Qatari construction market is fragmented, with many local players, including Redco Construction Al Mana, Medgulf Construction Company WLL, Bojamhoor Trading and Construction Co. WLL, Hamad bin Khalid (HBK) Contracting Company WLL, Harinsa Construction Company Qatar WLL, and Gulf Contracting Company as the major players.
Qatar Transportation Infrastructure Construction Market Leaders
Redco Constrution AL Mana
Medgulf Construction Company WLL
Harinsa Construction Company Qatar WLL
Gulf Contracting Company
Bojamhoor Trading and Construction Co WLL
*Disclaimer: Major Players sorted in no particular order
Qatar Transportation Infrastructure Construction Market News
- May 2023: According to official statistics, Qatar had a significant increase in the movement of cargo, livestock, and building materials via its ports on an annualized basis in April 2023, confirming the strong development trends in the domestic economy. According to data supplied by Mwani Qatar, the three ports of Hamad, Doha, and Al Ruwais experienced double-digit growth in RORO (vehicles) and cattle on a monthly basis throughout the study period. The number of ships calling in Qatar's three ports in April was 228, which was down 7.69% and 1.3% from the same month last year and from the previous month,
- April 2023: The Roads and Infrastructure Development Project in Al Mearad and Southwest Muaither - Package 6 has been completed 60% by the Public Works Authority (Ashghal). The project is anticipated to be finished in this year's fourth quarter. Over 50% of the roads that were slated for development are now open for traffic. Upon completion, Package 6 of the project will provide a network of internal roads and infrastructure networks to serve a total of 853 plots, addressing the needs of the area's population growth. It will facilitate travel to and from Southwest Muaither, improve traffic flow, reduce congestion, and improve the standard of infrastructure services, among other things.
Qatar Transportation Infrastructure Construction Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Technological Trends in the Market
4.3 Government Regulations and Initiatives
4.4 Market Drivers
4.5 Market Restraints
4.6 Market Opportunities
4.7 Value Chain/Supply Chain Analysis
4.8 Industry Attractiveness - Porter's Five Forces Analysis
4.8.1 Threat of New Entrants
4.8.2 Bargaining Power of Buyers/Consumers
4.8.3 Bargaining Power of Suppliers
4.8.4 Threat of Substitute Products
4.8.5 Intensity of Competitive Rivalry
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION (Market Size by Value)
5.1 Mode
5.1.1 Roads
5.1.2 Railways
5.1.3 Airways
5.1.4 Ports
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.1 Redco Construction AL Mana
6.2.2 MedgulfConstruction Company WLL
6.2.3 Bojamhoor Trading and Construction Co. WLL
6.2.4 Hamad bin Khalid Contracting Company WLL
6.2.5 Harinsa Construction Company Qatar WLL
6.2.6 Gulf Contracting Company
6.2.7 AL Sariya Holding Group
6.2.8 MIDMAC Contracting Co. WLL
6.2.9 Besix Group
6.2.10 PORR AG
6.2.11 AIJaber Engineering WLL
6.2.12 Boom Construction Co.
- *List Not Exhaustive
7. INSIGHTS INTO MAJOR INFRASTRUCTURE DEVELOPMENT PROJECTS
8. FUTURE OF THE MARKET
9. APPENDIX
Qatar Transportation Infrastructure Construction Industry Segmentation
Transport infrastructure consists of fixed installation roads, railways, airways, waterways, pipes and canals, and pipelines and terminals such as airports, railway stations, bus stations, warehouses, and trucking terminals.
The Qatar Transportation Infrastructure Construction Market is segmented by Mode (Roads, Railways, Airways, and Ports). The report offers the Qatar Transportation Infrastructure Construction Market size and forecasts in value (USD billion) for all the above segments.
| Mode | |
| Roads | |
| Railways | |
| Airways | |
| Ports |
Qatar Transportation Infrastructure Construction Market Research FAQs
What is the current Qatar Transportation Infrastructure Construction Market size?
The Qatar Transportation Infrastructure Construction Market is projected to register a CAGR of 9.80% during the forecast period (2024-2029)
Who are the key players in Qatar Transportation Infrastructure Construction Market?
Redco Constrution AL Mana, Medgulf Construction Company WLL, Harinsa Construction Company Qatar WLL , Gulf Contracting Company and Bojamhoor Trading and Construction Co WLL are the major companies operating in the Qatar Transportation Infrastructure Construction Market.
What years does this Qatar Transportation Infrastructure Construction Market cover?
The report covers the Qatar Transportation Infrastructure Construction Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Qatar Transportation Infrastructure Construction Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Qatar Transportation Infrastructure Construction Industry Report
Statistics for the 2024 Qatar Transportation Infrastructure Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Qatar Transportation Infrastructure Construction analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
