Qatar Building Construction Industry at the Zenith October 2011
Description
Qatar, since its discovery of oil and gas in the 1960’s has been known in global circles as the largest per capita producer and supplier of gas. However, recently, it has undergone a transformation led by the government’s ambitious plans to diversify the economy and reduce its reliance on its hydrocarbon wealth, through a massive spending programme under its Nation Vision 2030 programme with a US$ 800 billion spending kitty.
Its ambitions have been further fuelled by its successful bid to host the Football Federation (FIFA)’s World Cup Football event in 2022. As the country has stepped up investment across the sectors, predominantly in infrastructure with its resultant spill-over into building construction and employment generation, the construction industry is expected to grow at the rate of 12 percent annually between 2011 and 2015 driven by projects in anticipation from the boost in demand from the World Cup event and its surrounding economic frenzy. Building construction sector which constitutes 57 percent of the construction sector is therefore likely to be a large contributor to this growth trend.
The Qatar Building Construction Industry at the Zenith analysis this growth story, the trends across the various segments of the building construction industry, namely, retail, commercial, residential, tourism and leisure and others (including airports, sports, educational institutions, hospitals and other projects). The socio-political climate and other economic, technological and legal and regulatory trends are also analysed in order to ascertain the key market drivers and restraints and their probable impact on the industry and its growth through the PESTLE (Political Economic Social Technological, Legal and Regulatory Trends) diagram and the probability impact matrix.
The report also provides valuable trends and forecasts of contractor awards for the building construction industry and its key segments across the period 2010-2013 along with demand forecasts for its three key segments, namely commercial, residential and retail for the period 2011-2015, concluding with the outlook for the building construction industry between 2011 and 2015. A special section on what the World Cup means for the Qatar construction industry also provides valuable insight to industry participants on what is going on and what are the key challenges posed in the run up to Qatar hosting the world famous event for the first time in the history of the Arab World.
Qatar, since its discovery of oil and gas in the 1960’s has been known in global circles as the largest per capita producer and supplier of gas. However, recently, it has undergone a transformation led by the government’s ambitious plans to diversify the economy and reduce its reliance on its hydrocarbon wealth, through a massive spending programme under its Nation Vision 2030 programme with a US$ 800 billion spending kitty.
Its ambitions have been further fuelled by its successful bid to host the Football Federation (FIFA)’s World Cup Football event in 2022. As the country has stepped up investment across the sectors, predominantly in infrastructure with its resultant spill-over into building construction and employment generation, the construction industry is expected to grow at the rate of 12 percent annually between 2011 and 2015 driven by projects in anticipation from the boost in demand from the World Cup event and its surrounding economic frenzy. Building construction sector which constitutes 57 percent of the construction sector is therefore likely to be a large contributor to this growth trend.
The Qatar Building Construction Industry at the Zenith analysis this growth story, the trends across the various segments of the building construction industry, namely, retail, commercial, residential, tourism and leisure and others (including airports, sports, educational institutions, hospitals and other projects). The socio-political climate and other economic, technological and legal and regulatory trends are also analysed in order to ascertain the key market drivers and restraints and their probable impact on the industry and its growth through the PESTLE (Political Economic Social Technological, Legal and Regulatory Trends) diagram and the probability impact matrix.
The report also provides valuable trends and forecasts of contractor awards for the building construction industry and its key segments across the period 2010-2013 along with demand forecasts for its three key segments, namely commercial, residential and retail for the period 2011-2015, concluding with the outlook for the building construction industry between 2011 and 2015. A special section on what the World Cup means for the Qatar construction industry also provides valuable insight to industry participants on what is going on and what are the key challenges posed in the run up to Qatar hosting the world famous event for the first time in the history of the Arab World.
EXECUTIVE SUMMARY
CHAPTER 1. STRATEGIC OVERVIEW OF QATAR CONSTRUCTION INDUSTRY 2011
The Qatar Economy
Qatar Construction Industry in 2011 and Beyond
Qatar Building Construction Market - Drivers and Restraints
Market Growth Drivers
Market Growth Restraints
Construction Industry Budget split by Sector - Oil & Gas, Industrial, Buildings, Power & Water and Infrastructure
CHAPTER 2. QATAR BUILDING CONSTRUCTION MARKET OVERVIEW
Introduction
Qatar Construction Market-Contracts Awarded and Real Estate Demand
Retail Segment
Residential Segment
Qatar Commercial Segment
Mixed use Segment
Tourism and Leisure Segment
Others Segment (includes Airports, Hospitals, Educational Institutions, Sports Facilities and Misc. Projects)
CHAPTER 3. QATAR CONSTRUCTION PROJECTS FOR HOSTING THE FIFA WORLD CUP FOOTBALL 2022
Top Qatar Projects Tuned to the World Cup 2022
12 Stadia with capacities of over half a million People
A Qatar Railway Network Connecting Venues and Parts of Doha City
Hotels with a capacity of over 90,000 rooms
Completion of the US$ 4 billion Qatar-Bahrain Causeway
Lusail City Mixed Use Project
Infrastructure Upgrades -New Doha Port, New Doha International Airport
US$20 billion Government Spend on Building and Expansion of Roads
Doha Festival City at a cost of US$1.37 Billion
Why Qatar Construction Won the Bid for Qatar 2022
The Key Challenges for Qatar Construction to Achieve World Cup Targets
CHAPTER 4. TOP CLIENTS, CONSULTANTS AND CONTRACTORS AND TOP PROJECTS ACROSS THE QATAR BUILDING CONSTRUCTION INDUSTRY
Top Clients
Top Consultants
Top Contractors
Top Projects in Qatar Building Construction industry, 2011
CHAPTER 5. FUTURE OUTLOOK FOR QATAR BUILDING CONSTRUCTION INDUSTRY 2011
METHODOLOGY
CODE OF ETHICS
VENTURES ONSITE MENA PROJECTS DATABASE
CHAPTER 1. STRATEGIC OVERVIEW OF QATAR CONSTRUCTION INDUSTRY 2011
The Qatar Economy
Qatar Construction Industry in 2011 and Beyond
Qatar Building Construction Market - Drivers and Restraints
Market Growth Drivers
Market Growth Restraints
Construction Industry Budget split by Sector - Oil & Gas, Industrial, Buildings, Power & Water and Infrastructure
CHAPTER 2. QATAR BUILDING CONSTRUCTION MARKET OVERVIEW
Introduction
Qatar Construction Market-Contracts Awarded and Real Estate Demand
Retail Segment
Residential Segment
Qatar Commercial Segment
Mixed use Segment
Tourism and Leisure Segment
Others Segment (includes Airports, Hospitals, Educational Institutions, Sports Facilities and Misc. Projects)
CHAPTER 3. QATAR CONSTRUCTION PROJECTS FOR HOSTING THE FIFA WORLD CUP FOOTBALL 2022
Top Qatar Projects Tuned to the World Cup 2022
12 Stadia with capacities of over half a million People
A Qatar Railway Network Connecting Venues and Parts of Doha City
Hotels with a capacity of over 90,000 rooms
Completion of the US$ 4 billion Qatar-Bahrain Causeway
Lusail City Mixed Use Project
Infrastructure Upgrades -New Doha Port, New Doha International Airport
US$20 billion Government Spend on Building and Expansion of Roads
Doha Festival City at a cost of US$1.37 Billion
Why Qatar Construction Won the Bid for Qatar 2022
The Key Challenges for Qatar Construction to Achieve World Cup Targets
CHAPTER 4. TOP CLIENTS, CONSULTANTS AND CONTRACTORS AND TOP PROJECTS ACROSS THE QATAR BUILDING CONSTRUCTION INDUSTRY
Top Clients
Top Consultants
Top Contractors
Top Projects in Qatar Building Construction industry, 2011
CHAPTER 5. FUTURE OUTLOOK FOR QATAR BUILDING CONSTRUCTION INDUSTRY 2011
METHODOLOGY
CODE OF ETHICS
VENTURES ONSITE MENA PROJECTS DATABASE
LIST OF FIGURES
Figure 1: Qatar GDP by Sectors, Q1 2011
Figure 2: Qatar Construction Budget Totals by Sector, September 2011
Figure 3: Qatar Building Construction Contractor Awards -All Sectors (US$ Million), 2010-2013
Figure 4: Qatar Retail Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 5: Qatar Retail Real Estate Demand (Square Meters), 2011-2015
Figure 6: Qatar Residential Segment Buildings Contractor Awards (US$ Million), 2010-2013
Figure 7: Qatar Residential Segment Real Estate Demand (Square Meters), 2011-2015
Figure 8: Qatar Commercial Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 9: Qatar Commercial Segment Real Estate Demand (Square Meters), 2011-2015
Figure 10: Qatar Mixed Use Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 11: Qatar Tourism & Leisure Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 12: Qatar Others Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 1: Qatar GDP by Sectors, Q1 2011
Figure 2: Qatar Construction Budget Totals by Sector, September 2011
Figure 3: Qatar Building Construction Contractor Awards -All Sectors (US$ Million), 2010-2013
Figure 4: Qatar Retail Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 5: Qatar Retail Real Estate Demand (Square Meters), 2011-2015
Figure 6: Qatar Residential Segment Buildings Contractor Awards (US$ Million), 2010-2013
Figure 7: Qatar Residential Segment Real Estate Demand (Square Meters), 2011-2015
Figure 8: Qatar Commercial Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 9: Qatar Commercial Segment Real Estate Demand (Square Meters), 2011-2015
Figure 10: Qatar Mixed Use Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 11: Qatar Tourism & Leisure Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 12: Qatar Others Segment Building Contractor Awards (US$ Million), 2010-2013
LIST OF TABLES
Table 1: Qatar Recent Economic Indicators, 2006-2011
Table 1: Qatar Recent Economic Indicators, 2006-2011
