Construction in Qatar - Key Trends and Opportunities to 2022

  • ID: 4481207
  • Report
  • Region: Qatar
  • 44 pages
  • Timetric
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Qatar’s economy has largely recovered from a boycott imposed in June 2017 by other Arab states, and economic growth returned to positive territory in 2018. Construction activity remains resilient, as government spending has continued on projects, despite a sharp downturn in the residential real estate market that was exacerbated by the boycott. Timetric expects to see strong growth in construction activity in 2018.

The government’s aim to diversify the economy, with a particular emphasis on non-oil sectors, will drive funding towards construction projects over the forecast period (2018-2022). In addition, government efforts to enhance regional connectivity by focusing on the development of the country’s transport infrastructure will support the industry’s growth. Furthermore, construction work related to the 2022 FIFA World Cup will support the forecast-period growth of the industry.

Growth will also be driven by the country’s National Vision 2030, under which the government aims to develop the manufacturing industry with an aim to diversify the economy away from its dependence on the oil and gas sector.

The industry’s output value rose at a compound annual growth rate (CAGR) of 17.77% during the review period (2013-2017), in real terms, and is expected to grow at 15.13% over the forecast period.

Summary

The Construction in Qatar - Key Trends and Opportunities to 2022 report provides detailed market analysis, information and insights into the Qatari construction industry, including:
  • The Qatari construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Qatari construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Qatar. It provides:
  • Historical (2013-2017) and forecast (2018-2022) 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 This 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 strategy using This critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Key Highlights
  • Timetric expects the energy and utilities construction market to retain its leading position over the forecast period, with a share of 30.4% of the industry’s total value in 2022. In 2017, the government announced a plan to invest QAR14.0 billion (US$4.0 billion) to build 2.7GW of new power plants and 63.0 million gallon of drinking water facilities by 2023.
  • Under the National Vision 2030, the government also plans to spend QAR45.5 billion (US$12.5 billion) to build affordable houses across the country by 2022. Under this, in 2017, the government announced plans to build 10,000 affordable houses with the help of private partner in an area of Lusail, Pearl and in north and south Doha by 2020.
  • Timetric expects the infrastructure construction market output to record a forecast-period CAGR of 19.38% in nominal terms, driven by the government’s efforts to develop the country’s transport infrastructure. The government plans to invest QAR87.0 billion (US$24.0 billion) on road and rail development to handle tourist arrivals during 2022 FIFA World Cup, while QAR54.0 billion (US$15.0 billion) will be invested in the construction of other transport related infrastructure by 2022.
  • The government is focusing on the country’s education system, which in turn will support the growth of the institutional construction market over the forecast period. In the 2018 budget, the government increased its spending on the education sector by 18.0%, going from QAR16.1 billion (US$4.4 billion) in the 2017 budget to QAR19.0 billion (US$5.5 billion) in the 2018 budget.
  • The total construction project pipeline in Qatar as tracked by the Construction Intelligence Center (CIC), including all mega projects with a value above US$25 million, stands at QAR924.1 billion (US$253.9 billion). The pipeline, which includes all projects from pre-planning to execution, is heavily skewed to late-stage projects, with only 27.1% of the pipeline value being in projects in the pre-planning and planning stages as of February 2018.
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1 Executive Summary

2 Construction Outlook: At-a-glance

3 Latest News and Indicators

4 Key Drivers and Risks
4.1 Economic Performance
4.2 Political Environment
4.3 Demographics
4.4 Risk Profile

5 Construction Outlook
5.1 All Construction
5.1.1 Outlook
5.1.2 Project analytics
5.2 Commercial Construction
5.2.1 Outlook
5.2.2 Project analytics
5.3 Industrial Construction
5.3.1 Outlook
5.3.2 Project analytics
5.4 Infrastructure Construction
5.4.1 Outlook
5.4.2 Project analytics
5.5 Energy and Utilities Construction
5.5.1 Outlook
5.5.2 Project analytics
5.6 Institutional Construction
5.6.1 Outlook
5.6.2 Project analytics
5.7 Residential Construction
5.7.1 Outlook
5.7.2 Project analytics

6 Key Industry Participants
6.1 Contractors
6.2 Consultants

7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 About the Publisher
7.4 About CIC
7.5 Disclaimer

List of Tables
Table 1: Qatar, Key Economic Indicators
Table 2: Qatar, Construction Output Value (nominal, QAR Million)
Table 3: Qatar, Construction Output Value (nominal, US$ Million)
Table 4: Qatar, Top Commercial Construction Projects by Value
Table 5: Qatar, Top Industrial Construction Projects by Value
Table 6: Qatar, Top Infrastructure Construction Projects by Value
Table 7: Qatar, Top Energy and Utilities Construction Projects by Value
Table 8: Qatar, Top Institutional Construction Projects by Value
Table 9: Qatar, Top Residential and Mixed-Use Construction Projects by Value
Table 10: Qatar, Key Contractors
Table 11: Qatar, Key Consultants
Table 12: Construction Market Definitions
Table 13: Construction Risk Index Ratings and Scores

List of Figures
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Qatar, Construction Projects Pipeline by Sector (QAR Billion)
Figure 3: Qatar, number of residential permit issued (permits)
Figure 4: Qatar, Total retail and wholesale trade value (QAR Million)
Figure 5: Qatar, Risk Comparison, Q4 2017
Figure 6: Qatar, Risk Comparison Review
Figure 7: Qatar, Construction Output Value (Real, US$ billion, 2010 prices and exchange rate)
Figure 8: Qatar, Construction Output Value, Growth Matrix
Figure 9: Qatar, Construction Output Value, by Sector (QAR Million), 2013-2022
Figure 10: Qatar, Construction Projects Pipeline, Projected Annual Spending by Stage (QAR Million), 2017-2022
Figure 11: Qatar, Construction Projects Pipeline, Value by Stage (QAR Million)
Figure 12: Qatar, Commercial Construction Output by Project Type (QAR Million), 2013-2022
Figure 13: Qatar, Commercial Construction Projects Pipeline, Value by Stage (QAR Million)
Figure 14: Qatar, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (QAR Million)
Figure 15: Qatar, Industrial Construction Output by Project Type (QAR Million), 2013-2022
Figure 16: Qatar, Industrial Construction Projects Pipeline, Value by Stage (QAR Million)
Figure 17: Qatar, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (QAR Million)
Figure 18: Qatar, Infrastructure Construction Output by Project Type (QAR Million), 2013-2022
Figure 19: Qatar, Infrastructure Construction Projects Pipeline, Value by Stage (QAR Million)
Figure 20: Qatar, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (QAR Million)
Figure 21: Qatar, Energy and Utilities Construction Output by Project Type (QAR Million), 2013-2022
Figure 22: Qatar, Energy and Utilities Construction Projects Pipeline, Value by Stage (QAR Million)
Figure 23: Qatar, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (QAR Million)
Figure 24: Qatar, Institutional Construction Output by Project Type (QAR Million), 2013-2022
Figure 25: Qatar, Institutional Construction Projects Pipeline, Value by Stage (QAR Million)
Figure 26: Qatar, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (QAR Million)
Figure 27: Qatar, Residential Construction Output by Project Type (QAR Million), 2013-2022
Figure 28: Qatar, Residential Construction Projects Pipeline, Value by Stage (QAR Million)
Figure 29: Qatar, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (QAR Million)
Figure 30: Qatar, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 31: Qatar, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 32: Qatar, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 33: Qatar, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
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