Market Trends of Qatar Transportation Infrastructure Construction Industry
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.
