Since the successful application for hosting 2022 World Cup and 2019 World Championship, there has been a soaring market demand in domestic infrastructure of Qatar. In the upcoming four years, Qatari government will invest more than $ 285 billion in infrastructure construction, including a series of large projects such as, new city initiative, old city area rebuilding, subway, road and railway network construction, energy and water conservation projects, hi-tech sports stadiums, civil residence on a large scale and restaurants and hotels, etc., representing a huge market potential.
Furthermore, reported by Katis, upon arrival of the World Cup, the inflation rate of Qatar will lodge in between 18%-20% during 2016-2019, a sign that will further boost the demand in the construction market. Moreover, as the promoting of encouraging policies of 2030 national visions, all fields in Qatar are on a fast growing track, especially in infrastructure and engineering constructions. The world economy report proved a 6.5% of GDP growth rate of Qatar in 2014, and 7.7% for 2015, making it the fastest growing gulf countries.
Qatar Made in China Exhibition 2016 will be hosted by the Chamber of Commerce and Industry of Qatar with full support of all foreign embassies in Qatar, Gulf Co-operation Council and neighboring countries. This exhibition will comprehensively present to all Middle East and African countries the medium and high end products and solutions, exhibition and B2B and B2C trade platforms in the construction and hi-tech fields under the label made in China. By then, there will be over 300 Chinese enterprises and more than 800 large and medium purchasers with nearly 1,000 projects from 30 Middle East and African countries on the scene.
Qatar has become the world’s second most attractive infrastructure construction market.
Global infrastructure investment expenditure showed that Qatar has become the world’s second most attractive infrastructure construction market.
A recent announcement from ZAWYA suggested that according to data by the construction project tracking system of U.A.E Mid-east Venture Company, the current construction market in Qatar boasts a total potential of $ 280.2 billion with housing construction of $ 136.5 billion, infrastructure of $ 103.4 billion and energy development of $ 40.3 billion.