Qatar National Vision 2030, the country’s blueprint for the future, lays out ambitious goals for environmental, social, human and economic development in the coming decades. As part of these economic plans, the authorities aim to invest energy revenues into infrastructure projects, in order to build an environment in which a more diversified...
The construction boom being fuelled by a number of massive infrastructure and real estate projects across the GCC region is driving up the cost of construction and exposing several bottlenecks in regional supply chains. Qatar is particularly vulnerable to these costs as it seeks to develop billions of dollars worth of projects in time for the FIFA...
The slow construction market may have frustrated contractors, but it has provided plenty of opportunities for developers – both public and private – to build at a discount. Construction costs have come down considerably from the peak of 2008, when basic material prices were significantly distorted by an overheating market. However, while such prices...
Although there is still another decade before the World Cup kicks off in Doha in 2022, the country is rapidly implementing a massive investment programme that seeks to transform Qatar into a global centre for sports and business. While the bulk of these construction projects will be financed with public resources, Qatar’s approach looks to leverage...
While it has been a tough 24 months for many construction firms in Qatar, the sector remains a key pillar of the national economy. The industry is one of the largest non-hydrocarbons sectors, and will likely increase in importance in the next decade.
The construction sector is increasingly being driven by investments in core infrastructure to support future growth in the country. The World Economic Forum’s Global Competitiveness Report 2011-2012 indicates that inadequate infrastructure is the fourth most problematic factor for doing business in the country. The government has acknowledged...
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