Foreword
Michael Brady, Director, Qatar
In our second edition of the Qatar market intelligence report, we explore the country’s economic and construction outlook. The report examines how we can future-proof the construction value chain, while ensuring key objectives of Qatar’s Vision 2030 are achieved. Qatar’s construction market is recalibrating as the government realigns national ambitions to growth sector demands.
Vision 2030
A roadmap to sustained growth
The government of Qatar is focused on economic diversification, expanding services sectors and building itself as a financial, education, tourism and sports hub through its National Vision 2030. Qatar's construction industry is consequently focusing on sustainable and innovative methods to achieve its National Vision 2030 objectives. The country has achieved numerous infrastructure milestones, including the expansion of the metro system, new stadiums and airport improvements. The real estate and tourism sectors are expected to experience significant growth due to ongoing projects like Simaisma and the Qetaifan Islands.
Era of reinvention
The Qatar government has key initiatives planned around technology, sustainability, mobility and digital connectivity. Smart city initiatives like the Lusail and Msheireb programmes will continue incorporating automated traffic management, energy-efficient structures and intelligent waste disposal systems, enhancing quality of life and increasing property value. The Qatar government is also prioritising sustainability by driving more LEED-certified structures, renewable energy and energy-efficient technologies. Qatari private sector entities are also exploring modern methods of construction (MMC).
The implementation of the Ministry of Transport’s (MoT) Transportation Master Plan for Qatar 2050 will drive long term mobility programmes requirements and have a specific focus around sustainable transportation. Qatar will continue focusing on building world-class rail infrastructure schemes, such as the Gulf Railway Programme. Digital connectivity is also a key pillar of growth for the Qatar economy and will have a direct impact on construction industry requirements. The third National Development Strategy (NDS-3) and the Digital Agenda 2030 outline strategic investments aimed at enhancing digital infrastructure, and the economy.
"I hope you find the insights within this report useful and trust that the information provided will offer valuable perspectives and aid in making informed decisions that contribute to the ongoing success and transformation of Qatar's construction landscape."
Michael Brady Director, Qatar
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