From The Report: Qatar 2019
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Qatar’s construction industry has flourished over the past five years to become a key engine of the economy. Although activity remains robust, the wider economic squeeze brought about by the 2014-16 oil glut has been felt in the sector, as the effects of lower oil and gas revenue trickled down to impact government expenditure and investor confidence. A narrower project pipeline and increased competition for contracts has forced contractors to cut margins and take on greater risk. Nonetheless, with the 2022 FIFA World Cup just three years away, a partial rebound in energy prices, and the government turning its attention to new developments in the energy and defence sectors, figures are hopeful for 2019. This chapter contains an interview with Saad bin Ahmad Al Muhannadi, President, Public Works Authority.