1. Market Research
  2. > Construction Market Trends
Analysis of Key Sectors and Investment Opportunities in Qatar - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Analysis of Key Sectors and Investment Opportunities in Qatar - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • February 2022
  • 267 pages
  • ID: 6231631
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The Analysis of Key Sectors and Investment Opportunities in Qatar is expected to register a CAGR of more than 4% during the forecast period (2022 - 2027). Qatar’s economy faced difficulties in 2020 and the first half of 2021 as a result of the simultaneous shocks of falling oil prices and the impact of the pandemic, which resulted in a -3.7 percent loss in economic output. However, due to a variety of circumstances, including the recovery of energy prices, the recovery is picking up speed. Qatar has shown resilience and emerged stronger from the pandemic as a consequence of the government’s considerable efforts. However, more needs to be done to redefine economic growth models and ensure the country’s competitiveness in the post-pandemic world.

In the immediate term, the World Cup, as well as the launch of Qatar’s new LNG trains in 2025, will be major drivers of recovery and diversification. In addition, the Qatari government will continue to accelerate the implementation and impact of its economic diversification strategy, which is divided into six key transformational themes: diversification and private sector development, fiscal management and innovation, digitization, glocalization and talent attraction, value creation, and energy transition and sustainability. Each of these topics will be critical in propelling the post-pandemic economy and ensuring the country’s long-term viability.

The tourism sector plays a significant role in Qatar’s strategy to diversify its national economy as the country strives to achieve Qatar National Vision 2030. Qatar’s wise leadership recognized the urgent need to reduce reliance on oil and gas revenues while also building a sustainable national economy in order to achieve Qatar National Vision 2030. In the long run, tourism will safeguard the economy from swings in oil prices, which might stymie growth. According to the Planning and Statistics Authority’s Voluntary National Review of the State of Qatar for 2021, the number of tourist hotel rooms reached around 32,000 by the end of 2020, and about 13,000 rooms are expected to be added by 2022, providing enough hotel space to accommodate the World Cup audience.

In January 2021, Saudi Arabia’s crown prince signed a deal to bring Qatar back into a coalition of Gulf Arab allies. Saudi Arabia opened its airspace and land border to Qatar in the first step toward ending a years-long diplomatic crisis that deeply divided US defense partners, frayed societal ties, and tore apart a traditionally clubby alliance of Gulf states.

Key Market Trends

Growth of Construction Industry

Due to continued government spending on projects, construction activity in the country has remained stable. The government’s goal of diversifying the economy, with an emphasis on non-oil sectors, will stimulate investment into construction projects over the predicted period. Construction activity rebounded by 115 percent in the first three quarters of 2021, with the annual rate of change increasing from negative 3.9 percent in 2020 to positive 0.6 percent at the end of September 2021, according to GDP data. Qatar’s construction sector is predicted to increase at a rate of 4.2 percent per year between 2022 and 2025, thanks to Qatar National Vision 2030, which calls for QAR 60 billion in infrastructure and real estate projects by 2025.

Over the last few years, Qatar’s building industry has grown to become a major economic engine. New train and metro lines, a rising airport and port, and a quickly expanding road network have all contributed to the Gulf state’s double-digit growth rates, making it a development hotspot. In 2020, QAR 22.6 billion were allocated to the healthcare sector, accounting for about 11% of total expenditure. The expansion of Hamad Medical Corporation facilities and the development of multiple additional healthcare centers are two major projects aimed at improving healthcare services. ?

In the 2020 budget, the educational sector got QAR 22.1 billion, accounting for 10.5 percent of overall spending. Expansions of schools and other educational institutions are among the major projects now ongoing in the education sector, which is leveraging the newest technologies in project management, recycling, and BIM (building information modeling). Technology, digital, and BIM all have key roles to play in improving productivity and disrupting the present delivery paradigm through innovation to offer superior results.

Increase Of Government Investments On Various Infrastructure Projects:

In addition to infrastructure projects in key sectors such as health and education, developing citizens’ lands, supporting food security, and developing infrastructure in free, economic, industrial, and logistical zones, the 2021 budget focused on providing the necessary allocations to complete various major projects and projects related to hosting the 2022 World Cup within the approved timetable. The Ministry of Finance has also adopted the principle of medium-term planning and making estimates for the general budget for the years 2021 to 2023, after reviewing projects and programs for all sectors during the next phase, in order to support the process of economic diversification and promote growth, and all ministries and government agencies are committed to the financial ceilings set for the medium term 2021-2023.

On behalf of Qatar Energy, Qatargas is implementing the North Field expansion project, which is divided into two phases: the first is the North East Field project, which aims to increase liquefied natural gas production capacity from 77 million tonnes per year to 110 million tonnes per year by 2025, and the second aims to increase production to 126 million tonnes per year by 2027, while the expansion will also result in the production of about 4,000 tonnes per year.

According to the Qatar Tourism Authority’s tourism performance report, the hotel sector in Qatar is experiencing rapid growth despite the effects of the Corona pandemic in the run-up to the 2022 World Cup, which resulted in a 7 percent increase in the supply of hotel room keys in the first half of 2021. Due to the government’s development policy and the solutions it presents, the real estate sector in Qatar is one of the fastest expanding economic activities and a haven for many investors, increasing the number of real estate businesses operating. The entire anticipated spending in the real estate sector is USD 53.4 billion, with USD 19.7 billion going towards big projects.

Competitive Landscape

Analysis of Key Sectors and Investment Opportunities in Qatar Market is highly competitive due to the presence of many small and large players in the market. Some of the strong players include Qatar Petroleum, Qatargas Operating Company Limited, Exxon Mobil Corporation, Qatar Petrochemical Company (QAPCO), QD-SBG Construction WLL. Investment Opportunities in Qatar Market presents opportunities for growth during the forecast period, which is expected to further drive market competition.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on