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Construction in Qatar Key Trends and Opportunities to 2021

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Date: 27-Feb-2017
No. of pages: 71
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Synopsis

In real terms, Qatar's construction industry registered positive growth during the review period (2012-2016). Construction activity was weakened in 2015 due to the impact of low oil prices. Qatar constitutes one of the largest suppliers of oil in the world, and its economic growth is significantly dependent on oil revenues. A decline in oil prices since 2014 resulted in weak economic performance, which in turn affected growth in the construction industry.

Industry growth is expected to slow over the forecast period (2017-2021). Though volatile oil prices continue to offer a challenge, ongoing government initiatives to promote economic growth through flagship programs such as Qatar National Vision (QNV) 2030, Qatar Rail Development Program (QRDP) and National Tourism Sector Strategy 2030 are expected to support the industry's expansion over the forecast period.

The industry'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.

The government's aim to diversify the economy with a particular emphasis on non-oil sectors is expected to drive funding towards construction projects over the forecast period.

In addition, the government's effort to enhance regional connectivity by focusing on the development of the country's transport infrastructure is expected to support the industry's growth. Plans to increase the country's energy production are also expected to support investments in energy infrastructure projects over the forecast period.

Summary

Timetric's 'Construction in Qatar, Key Trends and Opportunities to 2021' report provides detailed market analysis, information and insights into the Qatari construction industry, including:


  • The Qatari construction industry's growth prospects by market, project type and construction activity

  • Analysis of equipment, material and service costs for each project type in Qatar

  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Qatari construction industry

  • Profiles of the leading operators in the Qatari construction industry

  • Data highlights of the largest construction projects in Qatar


Scope

This report provides a comprehensive analysis of the construction industry in Qatar. It provides:


  • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Qatar using construction output and value-add methods

  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing

  • Detailed profiles of the leading construction companies in Qatar


Reasons To Buy


  • Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies.

  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.

  • Understand the latest industry and market trends.

  • Formulate and validate strategy using Timetric's critical and actionable insight.

  • Assess business risks, including cost, regulatory and competitive pressures.

  • Evaluate competitive risk and success factors.


Key Highlights


  • Qatar's construction industry 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.

  • 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, hospitals, schools, ports, stadiums, shopping malls, a blue lagoon with two marinas, four islands, several low- and high-rise buildings and parking facilities. The project is scheduled to be completed between 2019 and 2020.

  • 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. The project includes the construction of an integrated worker accommodation community with 28,000 beds and a single residential complex consisting of 4,000 beds. On its successful completion, the project is expected to provide housing facility to over 30,000 expatriate workers.

  • 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. Under the plan, HMC plans to increase the number of hospital beds in the country from 2,100 in 2015 to 4,200 in 2030; the number of clinics from 400 to 1,000; and the number of operating theatres from 40 to 90.

Construction in Qatar Key Trends and Opportunities to 2021

Table of Contents

1 Executive Summary

2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction

3 Key Issues and Developments

4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type

5 Company Profile: MIDMAC Contracting Co. WLL
5.1 MIDMAC Contracting Co. WLL - Company Overview
5.2 MIDMAC Contracting Co. WLL - Main Services
5.3 MIDMAC Contracting Co. WLL - History
5.4 MIDMAC Contracting Co. WLL - Company Information
5.4.1 MIDMAC Contracting Co. WLL - key competitors
5.4.2 MIDMAC Contracting Co. WLL - key employees

6 Company Profile: HBK Contracting Company WLL
6.1 HBK Contracting Company WLL - Company Overview
6.2 HBK Contracting Company WLL - Main Products and Services
6.3 HBK Contracting Company WLL - History
6.4 HBK Contracting Company WLL - Company Information
6.4.1 HBK Contracting Company WLL - key competitors
6.4.2 HBK Contracting Company WLL - key employees

7 Company Profile: Qatar Engineering & Construction Company WLL
7.1 Qatar Engineering & Construction Company WLL - Company Overview
7.2 Qatar Engineering & Construction Company WLL - Main Services
7.3 Qatar Engineering & Construction Company WLL - History
7.4 Qatar Engineering & Construction Company WLL - Company Information
7.4.1 Qatar Engineering & Construction Company WLL - key competitors
7.4.2 Qatar Engineering & Construction Company WLL - key employee

8 Company Profile: Medgulf Construction Company (WLL)
8.1 Medgulf Construction Company (WLL) - Company Overview
8.2 Medgulf Construction Company (WLL) - Main Services
8.3 Medgulf Construction Company (WLL) - History
8.4 Medgulf Construction Company (WLL) - Company Information
8.4.1 Medgulf Construction Company (WLL) - key competitors
8.4.2 Medgulf Construction Company (WLL) - key employees

9 Company Profile: Gulf Contracting Co. WLL
9.1 Gulf Contracting Co. WLL - Company Overview
9.2 Gulf Contracting Co. WLL - Main Services
9.3 Gulf Contracting Co. WLL - History
9.4 Gulf Contracting Co. WLL - Company Information
9.4.1 Gulf Contracting Co. WLL - key competitors
9.4.2 Gulf Contracting Co. WLL - key employee

10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables

Table 1: Qatari Construction Output by Project Type (QAR Million), 2012-2016
Table 2: Qatari Construction Output by Project Type (QAR Million), 2016-2021
Table 3: Qatari Construction Output by Cost Type (QAR Million), 2012-2016
Table 4: Qatari Construction Output by Cost Type (QAR Million), 2016-2021
Table 5: Qatari Construction Output by Activity Type (QAR Million), 2012-2016
Table 6: Qatari Construction Output by Activity Type (QAR Million), 2016-2021
Table 7: Qatari Construction Value Add by Project Type (QAR Million), 2012-2016
Table 8: Qatari Construction Value Add by Project Type (QAR Million), 2016-2021
Table 9: Qatari Commercial Construction Output by Project Type (QAR Million), 2012-2016
Table 10: Qatari Commercial Construction Output by Project Type (QAR Million), 2016-2021
Table 11: Qatari Commercial Construction Output by Cost Type (QAR Million), 2012-2016
Table 12: Qatari Commercial Construction Output by Cost Type (QAR Million), 2016-2021
Table 13: Qatari Commercial Construction Output by Activity Type (QAR Million), 2012-2016
Table 14: Qatari Commercial Construction Output by Activity Type (QAR Million), 2016-2021
Table 15: Qatari Commercial Construction Value Add by Project Type (QAR Million), 2012-2016
Table 16: Qatari Commercial Construction Value Add by Project Type (QAR Million), 2016-2021
Table 17: Qatari Industrial Construction Output by Project Type (QAR Million), 2012-2016
Table 18: Qatari Industrial Construction Output by Project Type (QAR Million), 2016-2021
Table 19: Qatari Industrial Construction Output by Cost Type (QAR Million), 2012-2016
Table 20: Qatari Industrial Construction Output by Cost Type (QAR Million), 2016-2021
Table 21: Qatari Industrial Construction Output by Activity Type (QAR Million), 2012-2016
Table 22: Qatari Industrial Construction Output by Activity Type (QAR Million), 2016-2021
Table 23: Qatari Industrial Construction Value Add by Project Type (QAR Million), 2012-2016
Table 24: Qatari Industrial Construction Value Add by Project Type (QAR Million), 2016-2021
Table 25: Qatari Infrastructure Construction Output by Project Type (QAR Million), 2012-2016
Table 26: Qatari Infrastructure Construction Output by Project Type (QAR Million), 2016-2021
Table 27: Qatari Infrastructure Construction Output by Cost Type (QAR Million), 2012-2016
Table 28: Qatari Infrastructure Construction Output by Cost Type (QAR Million), 2016-2021
Table 29: Qatari Infrastructure Construction Output by Activity Type (QAR Million), 2012-2016
Table 30: Qatari Infrastructure Construction Output by Activity Type (QAR Million), 2016-2021
Table 31: Qatari Infrastructure Construction Value Add by Project Type (QAR Million), 2012-2016
Table 32: Qatari Infrastructure Construction Value Add by Project Type (QAR Million), 2016-2021
Table 33: Qatari Energy and Utilities Construction Output by Project Type (QAR Million), 2012-2016
Table 34: Qatari Energy and Utilities Construction Output by Project Type (QAR Million), 2016-2021
Table 35: Qatari Energy and Utilities Construction Output by Cost Type (QAR Million), 2012-2016
Table 36: Qatari Energy and Utilities Construction Output by Cost Type (QAR Million), 2016-2021
Table 37: Qatari Energy and Utilities Construction Output by Activity Type (QAR Million), 2012-2016
Table 38: Qatari Energy and Utilities Construction Output by Activity Type (QAR Million), 2016-2021
Table 39: Qatari Energy and Utilities Construction Value Add by Project Type (QAR Million), 2012-2016
Table 40: Qatari Energy and Utilities Construction Value Add by Project Type (QAR Million), 2016-2021
Table 41: Qatari Institutional Construction Output by Project Type (QAR Million), 2012-2016
Table 42: Qatari Institutional Construction Output by Project Type (QAR Million), 2016-2021
Table 43: Qatari Institutional Construction Output by Cost Type (QAR Million), 2012-2016
Table 44: Qatari Institutional Construction Output by Cost Type (QAR Million), 2016-2021
Table 45: Qatari Institutional Construction Output by Activity Type (QAR Million), 2012-2016
Table 46: Qatari Institutional Construction Output by Activity Type (QAR Million), 2016-2021
Table 47: Qatari Institutional Construction Value Add by Project Type (QAR Million), 2012-2016
Table 48: Qatari Institutional Construction Value Add by Project Type (QAR Million), 2016-2021
Table 49: Qatari Residential Construction Output by Project Type (QAR Million), 2012-2016
Table 50: Qatari Residential Construction Output by Project Type (QAR Million), 2016-2021
Table 51: Qatari Residential Construction Output by Cost Type (QAR Million), 2012-2016
Table 52: Qatari Residential Construction Output by Cost Type (QAR Million), 2016-2021
Table 53: Qatari Residential Construction Output by Activity Type (QAR Million), 2012-2016
Table 54: Qatari Residential Construction Output by Activity Type (QAR Million), 2016-2021
Table 55: Qatari Residential Construction Value Add by Project Type (QAR Million), 2012-2016
Table 56: Qatari Residential Construction Value Add by Project Type (QAR Million), 2016-2021
Table 57: MIDMAC Contracting Co. WLL, Key Facts
Table 58: MIDMAC Contracting Co. WLL, Main Services
Table 59: MIDMAC Contracting Co. WLL, History
Table 60: MIDMAC Contracting Co. WLL, Key Employees
Table 61: HBK Contracting Company WLL, Key Facts
Table 62: HBK Contracting Company WLL, Main Products and Services
Table 63: HBK Contracting Company WLL, History
Table 64: HBK Contracting Company WLL, Key Employees
Table 65: Qatar Engineering & Construction Company WLL, Key Facts
Table 66: Qatar Engineering & Construction Company WLL, Main Services
Table 67: Qatar Engineering & Construction Company WLL, History
Table 68: Qatar Engineering & Construction Company WLL, Key Employee
Table 69: Medgulf Construction Company (WLL), Key Facts
Table 70: Medgulf Construction Company (WLL), Main Services
Table 71: Medgulf Construction Company (WLL), History
Table 72: Medgulf Construction Company (WLL), Key Employees
Table 73: Gulf Contracting Co. WLL, Key Facts
Table 74: Gulf Contracting Co. WLL, Main Services
Table 75: Gulf Contracting Co. WLL, History
Table 76: Gulf Contracting Co. WLL, Key Employee
Table 77: Timetric Construction Market Definitions

List of Figures

Figure 1: Qatari Construction Output (Real US$ 2010, Million), 2012-2021
Figure 2: Growth Matrix for Construction Output in Qatar (US$ Million), 2012-2021
Figure 3: Qatari Construction Output by Project Type (QAR Million), 2012-2021
Figure 4: Qatari Construction Output by Cost Type (QAR Million), 2012-2021
Figure 5: Qatari Construction Output by Activity Type (QAR Million), 2012-2021
Figure 6: Qatari Construction Value Add by Project Type (QAR Million), 2012-2021
Figure 7: Qatari Commercial Construction Output by Project Type (QAR Million), 2012-2021
Figure 8: Qatari Commercial Construction Output by Cost Type (QAR Million), 2012-2021
Figure 9: Qatari Commercial Construction Output by Activity Type (QAR Million), 2012-2021
Figure 10: Qatari Commercial Construction Value Add by Project Type (QAR Million), 2012-2021
Figure 11: Qatari Industrial Construction Output by Project Type (QAR Million), 2012-2021
Figure 12: Qatari Industrial Construction Output by Cost Type (QAR Million), 2012-2021
Figure 13: Qatari Industrial Construction Output by Activity Type (QAR Million), 2012-2021
Figure 14: Qatari Industrial Construction Value Add by Project Type (QAR Million), 2012-2021
Figure 15: Qatari Infrastructure Construction Output by Project Type (QAR Million), 2012-2021
Figure 16: Qatari Infrastructure Construction Output by Cost Type (QAR Million), 2012-2021
Figure 17: Qatari Infrastructure Construction Output by Activity Type (QAR Million), 2012-2021
Figure 18: Qatari Infrastructure Construction Value Add by Project Type (QAR Million), 2012-2021
Figure 19: Qatari Energy and Utilities Construction Output by Project Type (QAR Million), 2012-2021
Figure 20: Qatari Energy and Utilities Construction Output by Cost Type (QAR Million), 2012-2021
Figure 21: Qatari Energy and Utilities Construction Output by Activity Type (QAR Million), 2012-2021
Figure 22: Qatari Energy and Utilities Construction Value Add by Project Type (QAR Million), 2012-2021
Figure 23: Qatari Institutional Construction Output by Project Type (QAR Million), 2012-2021
Figure 24: Qatari Institutional Construction Output by Cost Type (QAR Million), 2012-2021
Figure 25: Qatari Institutional Construction Output by Activity Type (QAR Million), 2012-2021
Figure 26: Qatari Institutional Construction Value Add by Project Type (QAR Million), 2012-2021
Figure 27: Qatari Residential Construction Output by Project Type (QAR Million), 2012-2021
Figure 28: Qatari Residential Construction Output by Cost Type (QAR Million), 2012-2021
Figure 29: Qatari Residential Construction Output by Activity Type (QAR Million), 2012-2021
Figure 30: Qatari Residential Construction Value Add by Project Type (QAR Million), 2012-2021

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