While Qatar’s current infrastructure boom has been in the works since 2008, when Qatar National Vision 2030 (QNV 2030) was unveiled, development has been given extra impetus, and a mid-term deadline, by the 2022 FIFA World Cup. With 1m visitors expected to flock to the state for the tournament, tourism projects have risen to the forefront of...
Although Qatar’s enormous portfolio of mega-projects is dominated by infrastructure builds, the state’s long-term development strategy envisions the creation of numerous new “cities”: large, self-contained projects comprising a mix of residential, office and retail space, similar to West Bay and the Pearl. Involving billions of dollars of...
As with every construction boom, the cost of materials in Qatar remains a concern, especially the rising cost of primary construction materials. With demand for gabbro, bitumen and limestone expected to show triple-digit increases in the near term, contractors are facing serious challenges in delivering key infrastructure projects on time and...
Construction represents Qatar’s fastest-growing sector, with the government having pledged $200bn of investment as part of a vast infrastructure expansion scheme. As a result, opportunities for contractors abound, particularly in the transport, retail, real estate, tourism, and education sectors, not to mention the eight multibillion-dollar stadia being built in preparation for the 2022 FIFA...
Hydrocarbons revenues, specifically from liquefied natural gas, still form the bulk of Qatar’s national income. However, as the country moves forward with Qatar National Vision 2030 (QNV 2030), the government is increasingly seeking to diversify the economy away from hydrocarbons while investing in renewable solutions to meet the energy demands of the future.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×