With $500m a week being spent on infrastructure projects in Qatar over the next three to four years, supplying these projects with the materials they need is in itself an epic task. Many have predicted that this volume will produce a price squeeze in the years up to peak construction, ahead of the 2022 FIFA World Cup.
As Qatar moves forward on hundreds of new construction projects in the lead-up to the 2022 FIFA World Cup, under the broader auspices of its Qatar National Vision 2030 (QNV 2030) development plan, maintaining the highest standards of workmanship and materials has become a key government priority. The enactment of the Qatar Construction...
Although growth has slowed following a banner year in 2014, Qatar’s construction industry remains one of the most vibrant and fast-expanding in the Middle East, and a key driver of non-oil growth in the state. Major infrastructure projects including the Doha Metro, Long Distance Rail, Hamad Port, the next phase of expansion at Hamad...
Although Qatar’s construction pipeline is valued at $200bn, the industry faced challenges in 2015 as falling global oil prices and international volatility affected government revenues and expenditure. Despite the huge array of opportunities on offer, foreign construction companies have faced challenges. This presents a number of new...
Despite an influx of high-end real estate developments coming on-line in recent years, rapid population growth in Qatar has created a shortage of affordable housing, particularly for middle-class families and single workers. Although the government is seeking to address the issue with plans to crack down on illegal housing and relocate workers...
As already seen in Qatar’s real estate segment, inflation is becoming a challenge to future growth. Although it has yet to reach the same highs as in 2008, inflation has been rising in recent years, with contractors facing escalating labour, land and materials costs as the state rolls out wave after wave of infrastructure builds. Although the...
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