With Qatar’s state budget now moving into deficit for the first time in 15 years, clearly a new paradigm for construction project financing is now beginning.
This new pattern will likely continue to be the blueprint for some time, too, as many analysts believe oil and gas prices are unlikely to dramatically turn around soon – further eroding government...
With a wave of new projects moving from the drawing board to the roll-out stage in Qatar’s Lusail City development, activity in the construction sector looks set to shift up a gear.
A quick scan down the list of strategic projects currently getting underway in Qatar reveals not only the enormous scale of construction, but also the size of the state’s project financing commitments.
From the QR136.5bn Qatar Rail roll out to the comparatively modest QR20bn and QR30bn sums attached to Education City, Musheireb, Barwa City and the World Cup stadiums...
The construction industry is one of the largest employers in Qatar, with the Ministry of Development Planning and Statistics reporting that sector employment stood at 547,504 in 2013, spread across 2483 registered construction businesses. Of these, 93.6%, or 512,430, were employed at 928 companies with more than 50 employees, while 35,074 were...
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...
Continuing to focus on improving social infrastructure, Qatar is investing billions of dollars in new health care facilities, schools and recreational developments under the overarching Qatar National Vision 2030. A host of awards for social development facilities were made in 2014, including health care developments, spearheaded by the state’...
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