The "Qatar Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)" report has been added to ResearchAndMarkets.com's offering.

Qatar's construction industry was estimated to decline further by 1% real term in 2024, owing to high interest rates, a decline in building permits issued for non-residential buildings, weakness in the industrial market, coupled with increasing budget deficit, and a declining residential sector.

Moreover, the total number of permits issued for non-residential buildings declined by 3.6% YoY, while the permits for commercial buildings declined by 69.5% YoY in the first eight months of 2024. Moreover, the average industrial production index fell by 3.1% YoY in the first eight months of 2024, while the average manufacturing production index fell by 3.2% YoY, during the same period.

The government announced the 2025 Budget in December which included a budget deficit of QAR13.2 billion ($3.6 billion), up from QAR6.2 billion ($1.7 billion) budget deficit registered in the 2024 Budget. Also, the expected oil and gas revenue for 2025 is estimated at QAR154 billion ($42.3 billion), down by 3.1% compared to QAR159 billion ($43.7 billion) estimated in the 2024 Budget.

However, the construction industry is expected to rebound at an annual average growth rate of 4.5% from 2025 to 2028, supported by investments in renewable energy, industrial projects, and oil and gas initiatives, along with the National Renewable Energy Strategy implemented by the Qatar General Electricity & Water Corporation (Kahramaa). This strategy aims to increase the share of renewable power from 5% in 2024 to 18% by 2030.

Additionally, the government plans to invest in renewable energy projects to achieve a capacity of 4GW, which will include 200MW of distributed solar generation by 2030. In line with this, in November 2024, South Korean contractor Samsung revealed that it won a contract from the government for the construction of Qatar's fifth independent water and power project (IWPP).

Scope

• This report provides a comprehensive analysis of the construction industry in Qatar. It provides:
• Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Qatar, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
• Assess market growth potential at a micro-level with over 600 time-series data forecasts
• Understand the latest industry and market trends
• Formulate and validate business strategies using the analyst's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

• Outlook
• Latest news and developments
• Construction Projects Momentum Index

4.2 Commercial Construction

• Outlook
• Project analytics
• Latest news and developments

4.3 Industrial Construction

• Outlook
• Project analytics
• Latest news and developments

4.4 Infrastructure Construction

• Outlook
• Project analytics
• Latest news and developments

4.5 Energy and Utilities Construction

• Outlook
• Project analytics
• Latest news and developments

4.6 Institutional Construction

• Outlook
• Project analytics
• Latest news and developments

4.7 Residential Construction

• Outlook
• Project analytics
• Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/l30dga

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