Qatar's Construction & Real Estate Sector
Total revenue of the Construction sector in the GDP of Qatar
Contribution of the Construction sector to the GDP of Qatar
About Qatar's Construction & Real Estate Sector
Due to Qatar National Vision 2030, the 2022 FIFA World Cup and the expansion of its liquified natural gas production, Qatar’s construction industry is expected to continue to grow substantially over the next several years. Qatar’s construction sector is predicted to grow over 8% annually until 2025. In 2018, construction added $28 billion to the country’s GDP.
Qatar is investing heavily in developing infrastructure and construction projects. Over $220 billion is being invested into its road network, FIFA World Cup stadiums and facilities, hotels, and leisure and recreation projects.
For the 2022 FIFA World Cup had to renovate one stadium and construct seven others, all of which will be completed in 2021. In total, Qatar has invested $6 billion in the stadiums and facilities for the World Cup, but this does not include anything else.
Under Qatar National Vision 2030, Qatar has planned $85 billion in construction projects that it is preparing to commence. As of mid-2020, roughly $9 billion of projects are under study, $32 billion worth of projects are in tendering, and $44 billion worth of projects are in the design phase. Approximately $12 billion of this is dedicated to the oil and gas industry.
Some of the major construction companies in Qatar are QD-SBG Construction, Gulf Contracting Company, HBK Contracting Company, AlJaber Engineering, and Qatari Diar.