Al Huda Engineering Works (AHEW) is one of the stalwarts in the construction industry in the State of Qatar. It continues to be one of the eminent and trustworthy since its inception in 1990. We have riveted and played a major role in the development of Qatar’s construction industry with our robust and reliable staff. We continue to contribute to the progress of the Nation despite the vigorous challenges faced by the construction industry.
As per the latest report, the Qatari construction market is expected to register a CAGR of 9.6% over the forecast period, 2019-2024. The country’s construction industry is expected to benefit from investments made in preparation for the 2022 FIFA World Cup and Qatar National Vision 2030. Kindly check below the List of the Best Construction Companies in Doha, Qatar.
Qatar Construction Market Overview
The Qatari construction market covers the growing construction projects in different sectors, like commercial construction, residential construction, industrial construction, infrastructure (transportation construction), and energy and utility construction. Along with the scope of the report also segmented by type of construction like fencing, additions, and new building.
The Qatari construction market is expected to register a CAGR of 9.6% over the forecast period, 2019-2024.
- Qatar is expected to be among the fastest-growing global construction markets during the forecasted years, with robust growth forecasts as the government works to meet its significant infrastructure requirements.
- The country’s construction industry is expected to benefit from investments made in preparation for the 2022 FIFA World Cup and Qatar National Vision 2030.
- The construction sector will be primarily driven by public investment into the country’s transport and commercial construction sectors. The main trends in the construction sector remain to develop Qatar’s transport infrastructure, create a modern residential and hospitality environment to support the predicted increase in population and to create a range of world-class sporting venues.
- Despite potential headwinds stemming from the decline in regional political relations, the outlook for Qatar’s construction market will remain bright in the forecasted period.
- There are numerous large-scale infrastructure projects underway in preparation of the FIFA 2022 World Cup in Qatar. This includes stadium and other non-residential construction and also entails significant investment in the expansion of the country’s road and rail network, as well as other infrastructure capacities that are necessary to ensure the smooth functioning of the World Cup.
- More broadly, the government has also committed to the improvement of greater health and education services and is keen to develop the tourism market, which creates a wide range of opportunities in the construction sector.
- In 2018, the Qatari construction sector witnessed a high growth rate, as the government spent more than 47% of the national budget on major infrastructure projects. Qatar had announced plans to spend USD 5.94 billion on infrastructure and development projects during 2018, including expressways and local road projects besides sewage treatment plants and assets projects.
- Ashghal, Qatar’s public works authority, will implement 19 infrastructure projects in 12 areas of the country. In 2018, Ashghal intent to complete expressway projects worth QAR 11.08 billion, infrastructure, and local road projects worth QAR 8.88 billion and sewage treatment projects valued at QAR 1.84 billion. In addition, 90% of World Cup-related projects are slated for completion this year.
- In recent times, a number of actions and decisions taken by the government, including the opening up the economy to foreign markets and investors and building global partnerships for economic diversification and sustainable development will further strengthen and embolden the investor’s confidence in the Qatari economy in general, and real estate market in particular, during the forecasted period.
Al Huda Engineering Contracting Doha, Qatar Contacts
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