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Infrastructure Sector In Qatar - Growth, Trends, And Forecasts (2020 - 2025)

Published on: Jun 2020 | From USD $3250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 120

The Infrastructure in Qatar is estimated to grow at a CAGR of approximately 7% during the forecast period.

Qatar plans to spend 1.9% more in 2020 than in 2019, outlining a budget of 210.5 billion Qatari Riyal (USD 58 billion) to complete infrastructure projects, including facilities for the 2022 World Cup. It was the gas-rich Gulf state's biggest budget in five fiscal years and follows years of heavy spending on infrastructure projects. For next year, the world's largest exporter of liquefied natural gas plans to spend 90 billion riyals (USD 25 billion) on major projects a 0.6% increase and the largest share of the overall budget.

Main infrastructure projects include the completion of highways, expansion of water and electricity networks, and the launch of the Sharq Crossing Project, linking the Ras Abu Aboud area of Doha and the West Bay Highway District, which is expected to be completed within four years.

Key Market Trends

Potential for Infrastructure sector:

Construction makes a large contribution to GDP due to government initiatives in infrastructure, Construction contributes 15.9% to GDP. Big investments by the government on infrastructure due to the FIFA WC 2022 has boosted the construction industry. As part of the countryÕs economic diversification strategy under Vision 2030, significant investment is planned in both residential and non-residential buildings. There are currently over USD46b in projects at various stages of development. Apart from World Cup-related projects, several other large-scale social and commercial construction projects are underway which will spur growth in the residential and non-residential sector.

FIFA World Cup 2022

The Qatar government has planned to spend around USD 103 billion on major infrastructure projects in preparations for the FIFA 2022 World Cup. The construction industry plays a very important role in achieving infrastructure development and thereby attracting foreign direct investments into the country, which is consistent with QatarÕs vision of becoming a leading hub in the region for world events, including the FIFA 2022 World Cup. The official budget for World Cup-specific construction ranges between USD 8 billion and USD 10 billion, although that is supported by the USD 200 billion being spent more generally to have a new metro system and huge infrastructure ready for 2022. Qatar is spending approximately USD 500 million a week on capital projects; such as stadiums, training camps, athlete villages and infrastructure projects; such as roads, hospitals and transport hubs, which are necessary to make the country ready for 2022.

Competitive Landscape

The report covers the major players operating in the Infrastructure sector in Qatar. The market is fragmented, the market is expected to grow during the forecast period due to the rapid growth in the infrastructure projects and other few factors driving the market.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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