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Construction in Qatar - Key Trends and Opportunities to 2025 (Q1 2021)

  • ID: 5308880
  • Report
  • March 2021
  • Region: Qatar
  • 52 pages
  • GlobalData
1h Free Analyst Time

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Summary

Qatar’s construction sector declined by an estimated 3.2% in real terms in 2020, due to the disruption caused by the COVID-19 pandemic, low global fuel demand and the continued economic blockade against Qatar, which was finally lifted in January 2021. The blockade had been in place since June 2017, when four Arab countries - Saudi Arabia, the United Arab Emirates, Bahrain and Egypt - cut diplomatic and trade ties with Qatar, and imposed a sea, land and air blockade on the country, claiming it was too close to Iran and supported terrorism.

In April 2020, the country’s emir Sheikh Tamim bin Hamad Al-Thani requested the postponement of more than QAR29.1 billion (US$8 billion) in un-awarded contracts on capital expenditure projects, owing to the COVID-19 outbreak and the consequent collapse of global oil prices. The expansion project at the North Field, the world's largest gas field, was due to go live in 2024, but the authorities announced that its start will be delayed until 2025. Furthermore, in an attempt to shore up its finances to cope with the impact of the pandemic, the government instructed all ministries and state-funded organizations to cut spending on non-Qatari employees by 30%, either through lay-offs or pay-cuts, from June 1st 2020.

The publisher expects the industry to recover by 2.8% in 2021, supported by a recovery in fuel prices, a rebound in the global economy and the ending of the economic blockade of Qatar. Construction output is forecast to record an annual average growth of 4.2% between 2022 and 2025, supported by the Qatar National Vision 2030, under which QAR60 billion (US$16.4 billion) will be invested in infrastructure and real estate projects by 2025. In addition, the country’s plan to increase the Liquified Natural Gas (LNG) production capacity will support investments in oil and gas projects. The ratification of a new law regulating Public-Private Partnership (PPP) will attract private sector investment in the development of infrastructure, schools, and healthcare projects, supporting the industry’s growth over the forecast period (2021-2025).

This report provides detailed market analysis, information, and insights into Qatar’s construction industry, including -
  • Qatar’s 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 Qatar’s 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 (2016-2020) and forecast (2021-2025) 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 the publisher's 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 the publisher's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Note: Product cover images may vary from those shown
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 COVID-19 Status

4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction

5 Key Industry Participants
5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 Construction

List of Tables
Table 1: Construction Industry Key Data
Table 2: Qatar, Key Economic Indicators
Table 3: Qatar, Commercial Construction Output by Project Type (Real % Change), 2016-2025
Table 4: Qatar, Top Commercial Construction Projects by Value
Table 5: Qatar, Industrial Construction Output by Project Type (Real % Change), 2016-2025
Table 6: Qatar, Top Industrial Construction Projects by Value
Table 7: Qatar, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
Table 8: Qatar, Top Infrastructure Construction Projects by Value
Table 9: Qatar, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
Table 10: Qatar, Top Energy and Utilities Construction Projects by Value
Table 11: Qatar, Institutional Construction Output by Project Type (Real % Change), 2016-2025
Table 12: Qatar, Top Institutional Construction Projects by Value
Table 13: Qatar, Residential Construction Output by Project Type (Real % Change), 2016-2025
Table 14: Qatar, Top Residential Construction Projects by Value
Table 15: Qatar, Key Contractors
Table 16: Qatar, Key Consultants
Table 17: Qatar, Construction Output Value (Real, US$ Million)
Table 18: Qatar, Construction Output Value (Nominal, QAR Million)
Table 19: Construction Market Definitions

List of Figures
Figure 1: Middle East and Africa, Construction Output (Real % Change), 2020 and 2021
Figure 2: Qatar, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Qatar, COVID-19 Confirmed Cases
Figure 4: Qatar, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
Figure 5: Qatar, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 6: Qatar, Construction Value-Add, Constant Prices, (QAR Million, 2018 Base Prices)
Figure 7: Qatar, Gross Capital Formation (QAR Million, Current Prices)
Figure 8: Qatar, New Building Permits Issued (Number)
Figure 9: Qatar, New Building Completion Certificates Issued (Number)
Figure 10: Qatar, Construction Projects Momentum Index
Figure 11: Qatar, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 12: Qatar, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 13: Qatar, New Commercial Building Permits Issued (Number)
Figure 14: Qatar, Wholesale and Retail Trade Value-Add, Constant Prices, (QAR Million, 2018 Base Prices)
Figure 15: Qatar, Accommodation and Food Service Activities Value-Add, Constant Prices, (QAR Million, 2018 Base Prices)
Figure 16: Qatar, Total Visitor Arrivals (In Thousands)
Figure 17: Qatar, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 18: Qatar, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 19: Qatar, Manufacturing Value-Add, Constant Prices, (QAR Million, 2018 Base Prices)
Figure 20: Qatar, Industrial and Manufacturing Production Index (2013=100), % Change YoY
Figure 21: Qatar, Total Exports (QAR Billion)
Figure 22: Qatar, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 23: Qatar, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 24: Qatar, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 25: Qatar, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 26: Qatar, Gross Electricity Generated (GWh)
Figure 27: Qatar, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 28: Qatar, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 29: Qatar, Education Sector Value-Add, Constant Prices, (QAR Million, 2018 Base Prices)
Figure 30: Qatar, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 31: Qatar, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 32: Qatar, Real Estate Activities Value-Add, Constant Prices, (QAR Million, 2018 Base Prices)
Figure 33: Qatar, New Residential Building Permits Issued (Number)
Figure 34: Qatar, New Residential Building Completion Certificates Issued (Number)
Figure 35: Qatar, New Residential Building Completion Certificates Issued (Number)
Figure 36: Qatar, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Qatar, Headquarters of Key Consultants (% of Total Project Pipeline)
Note: Product cover images may vary from those shown
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