Construction sector leading Qatar’s growth: report
APA construction site in Ras Laffan Industrial city north of Doha, in Qatar. File photo
Qatar’s construction market is set to grow throughout 2011, new figures from Qatar’s Statistics Authority (QSA) have revealed.
Recently published figures from the authority said Qatar’s construction market has made steady growth quarter-on-quarter in the first half, rising from 5.3 billion Qatari riyals (QR) in the third quarter of 2010 to QR 6.1 billion in the first quarter of 2011.
The report reveals the construction industry, which slowed across the Middle East in 2008, is now playing a significant role in Qatar’s economic growth, expanding by 28 per cent in the first quarter of 2011 alone.
The report comes as construction companies, architects and developers across the world eagerly await the announcement of infrastructure projects that will see Qatar’s landscape evolve.
Infrastructure projects in line with Qatar’s National Vision 2030 and National Strategy 2011-16 are expected to be announced throughout 2011 and 2012 to build Qatar’s landscape in time for the Qatar 2022 FIFA World Cup.
The announcement of Qatar as the hosts of the 2022 World Cup has placed an immovable deadline on many of Qatar’s development projects, with experts revealing that planned infrastructure projects that make up part of Qatar’s World Cup bid will need to be ready earlier -- in time for a FIFA inspection.
IQPC Divisional Director Chris Corander said: “It is an exciting time in Qatar at the moment, with many developers, consultants and architects preparing themselves for the tendering of mega projects that will help Qatar to deliver its national strategy.”
“Excellent project management skills and a clear vision will help Qatar realise its World Cup dream in time for 2022.
“The influx of construction companies and the pick-up of infrastructure projects in the region are in-line with QSA’s figures, and as the 2022 World Cup moves closer, Qatar’s commitment to delivering a successful project will intensify -- sparking further growth in the sector,” he said.