Market Size of Qatar Construction Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 62.95 Billion |
| Market Size (2029) | USD 97.42 Billion |
| CAGR (2024 - 2029) | 9.13 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Qatar Construction Market Analysis
The Qatar Construction Market size is estimated at USD 62.95 billion in 2024, and is expected to reach USD 97.42 billion by 2029, growing at a CAGR of 9.13% during the forecast period (2024-2029).
As a result of its commitment to hosting the 2022 FIFA World Cup, its commitment to its National Vision 2030, and its ambition to host the Asian Games in 2030, Qatar is undertaking an impressive array of infrastructure and industrial projects. The current Emir (in power since July 2013) focuses on the country's domestic welfare by implementing the Second National Development Strategy.
Under Qatar's 2050 Transport Plan alone, 22 new projects worth a total of USD 2.7 billion are expected to be awarded in 2023. Dentons listed The Blue Line, an expansion of the current Doha Metro network, which would be constructed as part of the second phase of the Doha Metro Project, as one of two major projects that \"may be procured\" this year. The second of these projects, the multibillion-dollar Sharq Bridge, will likely construct a three-part bridge with underwater tunnels joining it to connect Katara Cultural Village to Hamad International Airport. Dentons was ranked as the fourth-largest law company in the world by revenue for the fiscal year 2021, with gross sales of USD 2.9 billion.
The city of the Gulf country has quickly developed its infrastructure, making it a popular travel destination. This includes cutting-edge highways, a metro system, colleges, the Museum of Islamic Art, and the stunning new National Museum of Qatar. During the FIFA World Cup Qatar 2022, the Lusail Iconic Stadium, which hosted the championship match, the Stadium 974, and the Al Bayt stadium all served as exhibits for building wonders.
Qatar Construction Industry Segmentation
The construction market includes a wide range of activities that cover upcoming, ongoing, and growing construction projects in different sectors, which include but are not limited to geotechnical (underground structures) and superstructures in residential, commercial, and industrial structures, as well as infrastructure construction (like roads, railways, and airports) and power generation and transmission related infrastructure.
The report offers a complete background analysis of the construction sector, including an assessment and contribution of the sector to the economy, a market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, etc. The report also covers the impact of the COVID-19 pandemic on the market.
The Qatar construction market is segmented by type (commercial construction, residential construction, industrial construction, infrastructure (transportation) construction, and energy and utilities construction).
The report offers market size and forecasts for the Qatar construction market in terms of value (USD) for all the above segments.
| By Type | |
| Commercial Construction | |
| Residential Construction | |
| Industrial Construction | |
| Infrastructure (Transportation) Construction | |
| Energy and Utilities Construction |
Qatar Construction Market Size Summary
The Qatar construction market is poised for significant growth, driven by the country's ambitious infrastructure projects and strategic initiatives like the National Vision 2030 and the upcoming Asian Games in 2030. The government's focus on domestic welfare and economic diversification is evident through substantial investments in infrastructure, including transportation networks and urban development. The construction sector is benefiting from government spending, with numerous projects underway to enhance Qatar's status as a global transportation hub. The development of the Doha Metro, the Sharq Bridge, and various stadiums for the FIFA World Cup are prime examples of the country's commitment to modernizing its infrastructure. Additionally, the introduction of public-private partnerships is expected to further stimulate private sector investment in infrastructure, education, and healthcare projects.
The construction market in Qatar is characterized by a fragmented landscape with both local and regional players actively participating in large-scale projects. Key companies such as QD-SBG Construction, Gulf Contracting, and AlJaber Engineering are instrumental in driving the sector's growth. The issuance of building permits, particularly in municipalities like Umm Slal and Al Khor, indicates a robust demand for construction activities, despite a national decline in some areas. The facility management industry is also anticipated to grow exponentially as new structures, including towers and malls, are completed. Collaborations between local companies and international firms, such as the partnership between Tadmur Holding and Henkel Polybit, highlight the dynamic nature of the market and the ongoing efforts to meet the evolving demands of Qatar's construction landscape.
Qatar Construction Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Current Economic and Construction Market Scenario
-
1.2 Technological Innovations
-
1.3 Government Regulations and Initiatives
-
1.4 Mapping of Industrial Clusters and SEZs and a Brief Analysis of Investment Opportunities
-
1.5 Comparison of Key Industry Metrics of Qatar with Other GCC Member Countries
-
1.6 Comparison of Construction Cost Metrics of Qatar with Other GCC Member Countries
-
1.7 Real Estate Prices (Sales and Leasing) by Asset Classes (Residential, Commercial, and Retail)
-
1.8 Insights into Building Permits in Qatar, by Type and Municipality
-
1.9 Impact of COVID-19 on the Market
-
1.10 Market Dynamics
-
1.10.1 Drivers
-
1.10.1.1 Rapid Urabanization
-
1.10.1.2 Increasing government investments
-
-
1.10.2 Restraints
-
1.10.2.1 Increasing cost of raw materials affecting the construction industry
-
1.10.2.2 Slowdown in economic growth affecting the market
-
-
1.10.3 Opportunities
-
1.10.3.1 Increasing transportation infrastructure projects
-
1.10.3.2 Demand for healthcare facility construction
-
-
-
1.11 Industry Attractiveness - Porter's Five Forces Analysis
-
1.11.1 Bargaining Power of Suppliers
-
1.11.2 Bargaining Power of Buyers/Consumers
-
1.11.3 Threat of New Entrants
-
1.11.4 Threat of Substitute Products
-
1.11.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Commercial Construction
-
2.1.2 Residential Construction
-
2.1.3 Industrial Construction
-
2.1.4 Infrastructure (Transportation) Construction
-
2.1.5 Energy and Utilities Construction
-
-
Qatar Construction Market Size FAQs
How big is the Qatar Construction Market?
The Qatar Construction Market size is expected to reach USD 62.95 billion in 2024 and grow at a CAGR of 9.13% to reach USD 97.42 billion by 2029.
What is the current Qatar Construction Market size?
In 2024, the Qatar Construction Market size is expected to reach USD 62.95 billion.
