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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