Qatar Construction Market to Grow at CAGR of 7.27% during 2017-2021 Feb 2017 | Page 3

Construction Market in Qatar Key Trends and Opportunities to 2021

Driven by the Fifa World Cup in 2022, the government is making huge investments to develop various projects. According to government estimates, it will require the construction of 12 new stadiums and 90,000 hotel rooms in order to accommodate an estimated 400,000 visitors attending to witness the tournament. Accordingly, the government announced plans to invest over QAR728 billion( US $ 200 billion) until 2022 to develop related infrastructure, including rail and road projects, hotels and stadiums.
In November 2016, in a bid to meet the growing demand for housing for expatriates, the government announced plans to develop a large-scale housing project in the Al Khor and Umm Salal Mohammed regions. With an aim to address the need for quality healthcare services, in March 2015 Hamad Medical Corporation( HMC), the country’ s public healthcare provider, announced plans to expand and upgrade healthcare facilities across the country under a 15-year Facilities Master Plan.
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