Market Size of Qatar Infrastructure Sector Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR (2024 - 2029) | > 7.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Qatar Infrastructure Sector Market Analysis
The Qatar Infrastructure Sector Market is expected to register a CAGR of greater than 7% during the forecast period.
The infrastructure sector in Qatar is estimated to record a CAGR of greater than 7% during the forecast period.
- Construction is rising in Qatar, with the government intending to spend more than USD 200 billion as part of a significant infrastructure-building program. It is the state's fastest-growing industry. Under the auspices of Qatar National Vision 2030 (QNV 2030), the sector may continue to dominate economic diversification efforts due to large-scale transportation projects and the rapid growth of tourism, education, and real estate builds. The 2022 FIFA World Cup has set a mid-term deadline for several high-profile projects.
- In the aftermath of such tremendous development, the industry is facing difficulties. In addition to growing labor, material, and transportation costs, the biggest challenges to steady long-term development are late payments, project delays, and cost overruns. However, the government is making an effort to resolve these problems. Next year, the world's largest exporter of liquefied natural gas plans to spend QAR 90 billion (USD 25 billion) on major projects, a 0.6% increase and the largest share of the overall budget.
- Despite the difficulties caused by the COVID-19 outbreak, Qatar is still committed to making sustainable investments in infrastructure, technology, education, and healthcare. Qatar has a strong line-up of infrastructure and hospitality projects for the future. While the Ministry of Finance, in partnership with the Public Works Authority (Ashghal), is working to implement a strategic plan by tying specified performance metrics for new projects, Qatar has selected new projects valued at QAR 54 billion (USD 14.83 billion) in the medium term.
Qatar Infrastructure Sector Industry Segmentation
The essential resources that make it possible for a nation, community, or organization to run smoothly include transportation, communications, power sources, and buildings. Hard infrastructure includes technical components like cabling and networking hardware, which plays a crucial role in sustaining corporate operations.
The market is segmented by the infrastructure segment (social infrastructure, transportation infrastructure, extraction infrastructure, and manufacturing infrastructure).
The report offers the market sizes and forecasts in value (USD) for all the above segments. The report also covers the impact of COVID-19 on the market.
| By Infrastructure segment | |
| Social Infrastructure | |
| Transportation Infrastructure | |
| Extraction Infrastructure | |
| Manufacturing Infrastructure |
Qatar Infrastructure Sector Market Size Summary
The Qatar infrastructure sector is poised for significant growth, driven by substantial government investment and strategic initiatives under the Qatar National Vision 2030. The sector is experiencing a surge in construction activities, with the government planning to allocate over USD 200 billion towards infrastructure development. This initiative is part of a broader effort to diversify the economy away from oil and gas dependency, focusing on sectors such as transportation, tourism, education, and real estate. The upcoming FIFA World Cup has accelerated the timeline for several high-profile projects, although challenges such as rising costs, project delays, and late payments persist. The government is actively working to address these issues, ensuring that infrastructure development remains a cornerstone of Qatar's economic strategy.
Despite the challenges posed by the COVID-19 pandemic, Qatar continues to make sustainable investments in infrastructure and related sectors. The government has outlined a strategic plan in collaboration with the Public Works Authority to enhance project execution and performance metrics. New legislation promoting public-private partnerships is expected to boost private sector investment in infrastructure, further supporting market growth. The sector's expansion is also supported by ongoing and planned transportation projects, including a rail link to Saudi Arabia. Key players in the market, such as Gulf Contracting Co., Aljaber Engineering LLC, and Arabian Construction Engineering Company, are instrumental in driving this growth. The market remains fragmented but is anticipated to expand due to the influx of infrastructure projects and foreign business participation.
Qatar Infrastructure Sector Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Current Market Scenario
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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1.5 Value Chain/Supply Chain Analysis
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1.6 Impact of COVID -19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Infrastructure segment
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2.1.1 Social Infrastructure
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2.1.2 Transportation Infrastructure
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2.1.3 Extraction Infrastructure
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2.1.4 Manufacturing Infrastructure
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Qatar Infrastructure Sector Market Size FAQs
What is the current Qatar Infrastructure Sector Market size?
The Qatar Infrastructure Sector Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Qatar Infrastructure Sector Market?
Gulf Contracting Co, Aljaber Engineering LLC, Al Bidda Group, ALEC and Arabian Construction Engineering Company are the major companies operating in the Qatar Infrastructure Sector Market.
