Qatar’s economy has largely recovered from a boycott imposed in June 2017 by other Arab states, and economic growth returned to positive territory in 2018. Construction activity remains resilient, as government spending has continued on projects, despite a sharp downturn in the residential real estate market that was exacerbated by the boycott. Research expects to see strong growth in construction activity in 2018.
The government’s aim to diversify the economy, with a particular emphasis on non-oil sectors, will drive funding towards construction projects over the forecast period (2018–2022). In addition, government efforts to enhance regional connectivity by focusing on the development of the country’s transport infrastructure will support the industry’s growth. Furthermore, construction work related to the 2022 FIFA World Cup will support the forecast-period growth of the industry.
Growth will also be driven by the country’s National Vision 2030, under which the government aims to develop the manufacturing industry with an aim to diversify the economy away from its dependence on the oil and gas sector.
UAE
OMAN
SAUDI ARABIA
KUWAIT
BAHRAIN
OTHER MENA REGIONS
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