Qatar Construction Report 2015 - Key Trends and Opportunities to 2020 - Research and Markets

Research and Markets (http://www.researchandmarkets.com/research/p3v6sj/construction_in) has announced the addition of the "Construction in Qatar - Key Trends and Opportunities to 2020" report to their offering.

The industry's output value in real terms is expected to register a CAGR of 9.66% over the forecast period.

Qatar's construction industry has been one of the fastest growing in the world in the past five years. In real terms, the industry's output value expanded at a compound annual growth rate (CAGR) of 15.60% during the review period (2011-2015).

High levels of spending on infrastructure have been a key factor in driving the industry's growth, with the government aiming to diversify the economy and make it less reliant on the oil and gas sector.

The industry is expected to be supported by government investments in infrastructure and housing over the forecast period (2016-2020), as well as spending on infrastructure, stadia and commercial buildings for the 2022 Fifa World Cup.

Key Highlights:

- A series of residential projects will be launched over the forecast period in a bid to overcome the housing shortage. The projects include the construction of residential houses on a 116,000.0m2 area at Pearl Qatar island, a security camp over an area of four million m2 at Al Duhail, low-rise apartments to accommodate over 10,000 families in the Al-Erkyah district of Lusail, 4,000 residential units at Cityscape in Lusail City, residential and leisure facilities on a 360.0ha area in Lusail, and 10 new residential complexes at Al Wakrah, comprising 5,000 low-rise housing units.

- The country is working to modernize its road infrastructure, ahead of the 2022 Fifa World Cup, and National Vision 2030. As part of this, the Public Works Authority of Qatar allocated QAR72.8 billion (US$20.0 billion) to renovate and upgrade the country's roads.

- In 2013, Qatar Rail announced the construction of the first phase of the Doha Metro, valuing QAR29.9 billion (US$8.2 billion). Work started in the first quarter of 2014, and is likely to be completed by 2019. The rail network includes the construction of 48 stations on 131.0km of track in the first phase, and 100.0km of track with 44 stations in the second phase.

- In preparation for the 2022 Fifa World Cup, South Korea signed a cooperation agreement with Qatar in November 2014. Both countries have strengthened their relationship in the areas of energy and construction. Korean companies will play a vital role in the development of expressways, railroads, harbors and stadiums. This move will help spur the growth of infrastructure construction.

- As part of the Qatar National Vision 2030 and the Diversification Strategy 2020 programs, the Qatar National Bank plans to invest QAR91.0 billion (US$25.0 billion) in its petrochemicals industry to expand its downstream industrial base. To meet growing demand, the government is making efforts to increase production of petrochemical products from 2.6 million tonnes per annum (MMTPA) to 23.0 MMTPA by 2020.

Companies Mentioned

- Gulf Contracting Co. WLL

- Midmac Contracting Co. WLL

- HBK Contracting Company WLL

- Qatar Engineering & Construction Company WLL

- Medgulf Construction Company (WLL)

For more information visit http://www.researchandmarkets.com/research/p3v6sj/construction_in

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