Construction Market in Qatar Key Trends and Opportunities to 2021
Qatar’ s construction Market registered notable growth during the review period, mainly driven by public sector investments in construction projects. These investments were part of the National Development Strategy 2011-2016, under which the government invested over QAR455 billion( US $ 125 billion) in various large scale construction projects. Qatar Construction Market’ s output value in real terms increased at a compound annual growth rate( CAGR) of 17.81 % during the review period, and is expected to record a CAGR of 7.27 % over the forecast period.
Under QNV 2030, the government is developing a new city, which will have the capacity to accommodate a population of 450,000. The city is being constructed on an area of 38.0km2, 22.0km to the north of Doha. The project comprises 19 mixed-use residential, commercial and entertainment districts, including 25,000 residential buildings, 22 hotels, a 20-story building called Business Square and more.
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