Qatar Building Construction Industry Overview - January 2010
Description Touting to record the highest economic growth in the World, Qatar has everything from a strong backing of robust fiscal reserves, a continued flow of revenue from gas exports, prudent monetary policies of central banks and a focused Governmental efforts to build a world class infrastructure helping the Building and construction sector in emerging to be a strong and mature market. The sector however is yet to unleash its complete potential restrained by cautious approaches of real estate developers who appear hesitant due to global economic slowdown and the gradual fading of workforce from the country thus threatening a glut in the supply of housing.
This study from the team of analysts at Ventures aims to analyze the various factors that impact this dynamic market. The Qatar Building and construction Industry is analyzed under the following chapters:
This study from the team of analysts at Ventures aims to analyze the various factors that impact this dynamic market. The Qatar Building and construction Industry is analyzed under the following chapters:
- Total Market for Building Construction Sector in Qatar
- Analysis of Infrastructure developments in Qatar
- Analysis of Qatar Retail and Commercial Sector
- Analysis of Qatar Residential Sector
- Analysis of Qatar Hospitality Sector
- Analysis of Leisure & Tourism Sector
- Analysis of Mixed-Use Sector
- Conclusion
Introduction
CHAPTER 1
Strategic Overview of Building Construction sector in Qatar
PESTLE ANALYSIS OF FACTORS IMPACTING THE BUILDING CONSTRUCTION SECTOR IN QATAR
I. Political Factors
1.1 Qatar National Vision 2030’s emphasis on World Class Infrastructure back bone
Government budgetary policies favoring public spending
Government’s Diversification Efforts
II. Economic Factors
2.1 Efforts by Central Bank to boost Construction sector
III. Social Factors
3.1 A cautious approach of Real Estate developers leads to delays/ shelving off real estate projects
3.2 A gradual decline in workforce threatens a glut in supply of housing projects
IV. Legislative factors
4.1 Legislations pertaining to issuance of permanent resident status for foreigners purchasing a freehold property in select housing projects will further strengthen the real estate market 14
V. Environmental factors
5.1 High speed rail projects and road project interconnecting Qatar and Bahrain will foster higher development and maturity in the real estate market
Market Drivers And Restraints
Market Drivers
Government’s focus on Infrastructure developments drives demand for construction projects
Legislations supporting foreigners purchasing freehold residential units escalates demand for affordable housing
Impending New Doha International Airport drives demand for construction activities
Robust fiscal reserves and continued flow of funds from hydrocarbons sector fuels growth in Construction sector
Demand for increasing commercial/office space stimulates growth in the commercial and retail sector
Increasing investments in the Hospitality sector increases demand for construction activities
Market Restraints
Gradually receding workforce threatens developments in residential segment
Slack in private sector involvement dampens real estate activity
Cautious approach of real estate developers’ delays/ shelves off real estate projects
Global economic downturn hits Oil sector thus reducing the inflow of funds for construction activities
Impertinent delays in project execution hinders real estate development
Market Size and Forecasts
Construction projects awarded for Buildings Construction in Qatar (2007 -2012)
Construction Spend on Building Construction Projects in Qatar (2007 -2012)
Market Share Analysis
Major Real Estate Developers in Qatar
Major Real Estate Consultants in Qatar
Major Real Estate Contractors in Qatar
Conclusion
CHAPTER 2
Strategic Analysis Of Infrastructure Developments In Qatar
Market Size and Forecast
New Doha International Airport Project
Sidra hospital
Al-Wakra Hospital
4 Hospitals at Hamad Medical City - Fit-out Package
Qatar free Zone
Construction projects awarded for Infrastructure Projects in Qatar (2007 -2012)
Construction Spend on Infrastructure Projects in Qatar (2007 -2012)
Market Share Analysis
Major Developers – Infrastructure Projects
Major Consultants – Infrastructure Projects
Major Contractors – Infrastructure Projects
Conclusion
CHAPTER 3
Strategic Analysis Of Qatar Commercial And Retail Sector
Office Supply Will Reach 1.2 Million Square Meter By 2010
Retail Sector
Market Size and Forecast
Construction projects awarded for Retail & Commercial Sector in Qatar (2007 -2012)
Construction Spend on Retail & Commercial Projects in Qatar (2007 -2012)
Major Developers – Retail & commercial Projects
Major Consultants – Retail & commercial Projects
Major Contractors – Retail & commercial Projects
Conclusion
CHAPTER 4
Strategic Analysis Of Qatar Residential Sector
Market Size and Forecast
Al Sidra - Golf Residential Project in Lusail
Mesaieed Housing Development - Phase 2
Al Kharaej District in Lusail
Housing Project for Medium & Small Industries
Energy City Residential Development
Construction projects awarded for Residential Projects in Qatar (2007 -2012)
Construction Spend on Residential Projects in Qatar (2007 -2012)
Market Share Analysis
Major Developers – Residential Projects
Major Consultants – Residential Projects
Major Contractors – Residential Projects
Conclusion
CHAPTER 5
Strategic analysis of Qatar Leisure & Tourism Sector
Market Size and Forecast
Construction Projects Awarded For Leisure & Tourism Projects in Qatar (2007 -2012)
Construction Spend on Leisure & Tourism Projects in Qatar (2007 -2012)
Market Share Analysis
Major Developers – Leisure & Tourism Projects
Major Consultants – Leisure & Tourism Projects
Major Contractors – Leisure & Tourism Projects
Conclusion
CHAPTER 6
Strategic Analysis of Qatar Mixed Use Sector
Market Size and Forecast
Construction projects awarded for Mixed Use Development Projects in Qatar (2007 -2012)
Construction Spend on Mixed Use Development Projects in Qatar (2009 -2015)
Market Share Analysis
Major Developers – Mixed Use Development Projects
Major Consultants – Mixed Use Development Projects
Major Contractors – Mixed Use Development Projects
Conclusion
Code of Ethics
Ventures MENA Projects Database
CHAPTER 1
Strategic Overview of Building Construction sector in Qatar
PESTLE ANALYSIS OF FACTORS IMPACTING THE BUILDING CONSTRUCTION SECTOR IN QATAR
I. Political Factors
1.1 Qatar National Vision 2030’s emphasis on World Class Infrastructure back bone
Government budgetary policies favoring public spending
Government’s Diversification Efforts
II. Economic Factors
2.1 Efforts by Central Bank to boost Construction sector
III. Social Factors
3.1 A cautious approach of Real Estate developers leads to delays/ shelving off real estate projects
3.2 A gradual decline in workforce threatens a glut in supply of housing projects
IV. Legislative factors
4.1 Legislations pertaining to issuance of permanent resident status for foreigners purchasing a freehold property in select housing projects will further strengthen the real estate market 14
V. Environmental factors
5.1 High speed rail projects and road project interconnecting Qatar and Bahrain will foster higher development and maturity in the real estate market
Market Drivers And Restraints
Market Drivers
Government’s focus on Infrastructure developments drives demand for construction projects
Legislations supporting foreigners purchasing freehold residential units escalates demand for affordable housing
Impending New Doha International Airport drives demand for construction activities
Robust fiscal reserves and continued flow of funds from hydrocarbons sector fuels growth in Construction sector
Demand for increasing commercial/office space stimulates growth in the commercial and retail sector
Increasing investments in the Hospitality sector increases demand for construction activities
Market Restraints
Gradually receding workforce threatens developments in residential segment
Slack in private sector involvement dampens real estate activity
Cautious approach of real estate developers’ delays/ shelves off real estate projects
Global economic downturn hits Oil sector thus reducing the inflow of funds for construction activities
Impertinent delays in project execution hinders real estate development
Market Size and Forecasts
Construction projects awarded for Buildings Construction in Qatar (2007 -2012)
Construction Spend on Building Construction Projects in Qatar (2007 -2012)
Market Share Analysis
Major Real Estate Developers in Qatar
Major Real Estate Consultants in Qatar
Major Real Estate Contractors in Qatar
Conclusion
CHAPTER 2
Strategic Analysis Of Infrastructure Developments In Qatar
Market Size and Forecast
New Doha International Airport Project
Sidra hospital
Al-Wakra Hospital
4 Hospitals at Hamad Medical City - Fit-out Package
Qatar free Zone
Construction projects awarded for Infrastructure Projects in Qatar (2007 -2012)
Construction Spend on Infrastructure Projects in Qatar (2007 -2012)
Market Share Analysis
Major Developers – Infrastructure Projects
Major Consultants – Infrastructure Projects
Major Contractors – Infrastructure Projects
Conclusion
CHAPTER 3
Strategic Analysis Of Qatar Commercial And Retail Sector
Office Supply Will Reach 1.2 Million Square Meter By 2010
Retail Sector
Market Size and Forecast
Construction projects awarded for Retail & Commercial Sector in Qatar (2007 -2012)
Construction Spend on Retail & Commercial Projects in Qatar (2007 -2012)
Major Developers – Retail & commercial Projects
Major Consultants – Retail & commercial Projects
Major Contractors – Retail & commercial Projects
Conclusion
CHAPTER 4
Strategic Analysis Of Qatar Residential Sector
Market Size and Forecast
Al Sidra - Golf Residential Project in Lusail
Mesaieed Housing Development - Phase 2
Al Kharaej District in Lusail
Housing Project for Medium & Small Industries
Energy City Residential Development
Construction projects awarded for Residential Projects in Qatar (2007 -2012)
Construction Spend on Residential Projects in Qatar (2007 -2012)
Market Share Analysis
Major Developers – Residential Projects
Major Consultants – Residential Projects
Major Contractors – Residential Projects
Conclusion
CHAPTER 5
Strategic analysis of Qatar Leisure & Tourism Sector
Market Size and Forecast
Construction Projects Awarded For Leisure & Tourism Projects in Qatar (2007 -2012)
Construction Spend on Leisure & Tourism Projects in Qatar (2007 -2012)
Market Share Analysis
Major Developers – Leisure & Tourism Projects
Major Consultants – Leisure & Tourism Projects
Major Contractors – Leisure & Tourism Projects
Conclusion
CHAPTER 6
Strategic Analysis of Qatar Mixed Use Sector
Market Size and Forecast
Construction projects awarded for Mixed Use Development Projects in Qatar (2007 -2012)
Construction Spend on Mixed Use Development Projects in Qatar (2009 -2015)
Market Share Analysis
Major Developers – Mixed Use Development Projects
Major Consultants – Mixed Use Development Projects
Major Contractors – Mixed Use Development Projects
Conclusion
Code of Ethics
Ventures MENA Projects Database
LIST OF FIGURES
FIGURE 1: BUDGET VALUE OF PROJECTS IN QATAR
FIGURE 2: BUILDING CONSTRUCTION PROJECTS AWARDED IN QATAR (2007 – 2015)
FIGURE 3: CONSTRUCTION SPEND ON BUILDING CONSTRUCTION PROJECTS IN QATAR (2007 - 2012)
Figure 4: BUDGET VALUE OF INFRASTRUCTURE PROJECTS (AIRPORT, EDUCATIONAL ESTABLISHMENTS, HOSPITALS AND INDUSTRIAL PARK)
Figure 5: INFRASTRUCTURE CONTRACT AWARDS
Figure 6: INFRASTRUCTURE CONSTRUCTION SPEND
Figure 7: BUDGET VALUE OF COMMERCIAL & RETAIL PROJECTS
FIGURE 8: RETAIL & COMMERCIAL SECTOR CONTRACTOR AWARDS (2007 - 2012)
Figure 9: RETAIL & COMMERCIAL CONSTRUCTION SPEND
Figure 10: MARKET SIZE OF RESIDENTIAL PROJECTS IN QATAR
Figure 11: RESIDENTIAL CONTRACT AWARDS (2007 - 2012)
Figure 12: RESIDENTIAL CONSTRUCTION SPEND (2007 - 2012)
Figure 13: MARKET SIZE OF LEISURE & TOURISM PROJECTS IN QATAR
Figure 14: LEISURE & TOURISM CONSTRUCTION CONTRACT AWARDS (2007 - 2012)
Figure 15: LESIURE & TOURISM CONSTRUCTION SPEND (2007 - 2012)
Figure 16: BUDGET TOTAL OF MIXED USE PROJECTS IN QATAR
Figure 17: MIXED USE CONTRACT AWARDS (2007 - 2012)
Figure 18: MIXED USE CONSTRUCTION SPEND (2007 - 2012)
FIGURE 1: BUDGET VALUE OF PROJECTS IN QATAR
FIGURE 2: BUILDING CONSTRUCTION PROJECTS AWARDED IN QATAR (2007 – 2015)
FIGURE 3: CONSTRUCTION SPEND ON BUILDING CONSTRUCTION PROJECTS IN QATAR (2007 - 2012)
Figure 4: BUDGET VALUE OF INFRASTRUCTURE PROJECTS (AIRPORT, EDUCATIONAL ESTABLISHMENTS, HOSPITALS AND INDUSTRIAL PARK)
Figure 5: INFRASTRUCTURE CONTRACT AWARDS
Figure 6: INFRASTRUCTURE CONSTRUCTION SPEND
Figure 7: BUDGET VALUE OF COMMERCIAL & RETAIL PROJECTS
FIGURE 8: RETAIL & COMMERCIAL SECTOR CONTRACTOR AWARDS (2007 - 2012)
Figure 9: RETAIL & COMMERCIAL CONSTRUCTION SPEND
Figure 10: MARKET SIZE OF RESIDENTIAL PROJECTS IN QATAR
Figure 11: RESIDENTIAL CONTRACT AWARDS (2007 - 2012)
Figure 12: RESIDENTIAL CONSTRUCTION SPEND (2007 - 2012)
Figure 13: MARKET SIZE OF LEISURE & TOURISM PROJECTS IN QATAR
Figure 14: LEISURE & TOURISM CONSTRUCTION CONTRACT AWARDS (2007 - 2012)
Figure 15: LESIURE & TOURISM CONSTRUCTION SPEND (2007 - 2012)
Figure 16: BUDGET TOTAL OF MIXED USE PROJECTS IN QATAR
Figure 17: MIXED USE CONTRACT AWARDS (2007 - 2012)
Figure 18: MIXED USE CONSTRUCTION SPEND (2007 - 2012)
LIST OF TABLES
TABLE 1: MARKET DRIVERS
TABLE 2: MARKET RESTRAINTS
TABLE 3: MAJOR INFRASTRUCTURE PROJECTS IN QATAR
TABLE 4: COMMERCIAL BUILDINGS IN QATAR
TABLE 5: DOHA OFFICE MARKET INDICATORS
Table 6: SHOPPING CENTRES IN QATAR
Table 7: QATAR RENT FIGURES
TABLE 8: MAJOR RESIDENTIAL PROJECTS IN QATAR
Table 9: LEISURE & TOURISM PROJECTS IN QATAR
Table 10: MAJOR MIXED USE PROJECTS IN QATAR
TABLE 1: MARKET DRIVERS
TABLE 2: MARKET RESTRAINTS
TABLE 3: MAJOR INFRASTRUCTURE PROJECTS IN QATAR
TABLE 4: COMMERCIAL BUILDINGS IN QATAR
TABLE 5: DOHA OFFICE MARKET INDICATORS
Table 6: SHOPPING CENTRES IN QATAR
Table 7: QATAR RENT FIGURES
TABLE 8: MAJOR RESIDENTIAL PROJECTS IN QATAR
Table 9: LEISURE & TOURISM PROJECTS IN QATAR
Table 10: MAJOR MIXED USE PROJECTS IN QATAR
