Qatar Construction Articles & Analysis

Displaying 19 - 24 of 69

 

Although Qatar’s construction pipeline is valued at $200bn, the industry faced challenges in 2015 as falling global oil prices and international volatility affected government revenues and expenditure. Despite the huge array of opportunities on offer, foreign construction companies have faced challenges. This presents a number of new...

 

How do you assess the overall progress to date of Qatar’s Expressway Programme?

Chapter | Construction from The Report: Qatar 2016

Although growth has slowed following a banner year in 2014, Qatar’s construction industry remains one of the most vibrant and fast expanding in the Middle East, and a key driver of non-oil growth. Major infrastructure projects including the Doha Metro, Long Distance Rail, Hamad Port, the next phase of expansion at Hamad International Airport (HIA), and a network of new roads and drainage...

With the fall in oil prices underlining the dangers of an over reliance on hydrocarbons revenues, Qatar has continued to forge ahead with its economic diversification drive in 2016. Non-hydrocarbons growth now outstrips hydrocarbons growth, with several big-ticket construction projects, an increasingly dynamic financial services sector and a growing reputation as a tourist destination all fuelling non-oil expansion.

With Qatar’s state budget now moving into deficit for the first time in 15 years, clearly a new paradigm for construction project financing is now beginning. 

This new pattern will likely continue to be the blueprint for some time, too, as many analysts believe oil and gas prices are unlikely to dramatically turn around soon – further eroding government...

With a wave of new projects moving from the drawing board to the roll-out stage in Qatar’s Lusail City development, activity in the construction sector looks set to shift up a gear.