A steady decline in sale and rent prices since 2016 was accelerated in 2020 amid the Covid-19 pandemic, which led to strong activity in property transactions. The lower prices – reflected in various indices – was not seen as cause for alarm in the sector, however, but a welcome market correction that is allowing Qatari properties to compete with other GCC markets on value. Healthy property...
Qatar Construction
Chapter | Real Estate from The Report: Qatar 2022
Qatar is leveraging its resources to become a knowledge-based, diversified economy fuelled by a dynamic private sector. As such, the country is investing in strategic areas such as agriculture, services, and research and development to further move the economy away from its dependence on hydrocarbons and attract greater foreign direct investment.
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Chapter | Construction from The Report: Qatar 2022
The construction sector is nearing the end of a decade of building, as developing infrastructure directly and indirectly related to the 2022 FIFA World Cup has taken centre stage since 2011. Focus is now shifting to legacy plans for stadia sites, as well as non-tournament projects that facilitate the goals of Qatar National Vision 2030. Recent milestones that will positively shape the sector...
Qatar is leveraging its resources to become a knowledge-based, diversified economy fuelled by a dynamic private sector. As such, the country is investing in strategic areas such as agriculture, services, and research and development to further move the economy away from its dependence on hydrocarbons and attract greater foreign direct investment.
Chapter | Construction from The Report: Qatar 2020
Despite some concerns for Qatar’s construction industry surrounding a narrowing pipeline for 2022 FIFA World Cup-related projects and a more...
Qatar has demonstrated considerable resilience in recent years, successfully developing new homegrown industries while at the same time strengthening its global ties. Although Covid-19 has introduced significant economic uncertainties in 2020, a rapid response from Qatar's authorities to curb the effects of the virus should stand the nation's economy in good stead over the medium and long term.
Chapter | Construction from The Report: Qatar 2019
Qatar’s construction industry has flourished over the past five years to become a key engine of the economy. Although activity remains robust, the wider economic squeeze brought about by the 2014-16 oil glut has been felt in the sector, as the effects of lower oil and gas revenue trickled down to impact government expenditure and investor confidence. A narrower project pipeline and increased...
Its relatively small population and status as the world’s biggest gas exporter have helped Qatar become the richest country globally in terms of GDP per capita, which stood at $72,700 at current prices in 2019, according to IMF estimates. In recent years, however, the nation has faced strong economic headwinds from a drop in global energy prices to a diplomatic blockade.