Market Size of Qatar Transportation Infrastructure Construction Industry
| 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.
