Qatar Construction 2021 – New Trends, Opportunities, and Challenges for Construction as Qatar looks beyond 2022 – MEED Insights
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The Qatar construction market has proved itself to be highly adaptable and resilient in the face of considerable financial and logistical challenges over the past five years from the COVID-19 pandemic, lower energy prices, and the GCC diplomatic dispute, each of which has affected national finances and industry supply chains. Unlike most other construction markets in the Middle East and North Africa (MENA) region, Qatar performed consistently in 2020, with about $10.5 billion of construction and transport project contract awards.
What are the market dynamics in the Qatar construction market?
As the country prepares to host football’s Fifa World Cup in 2022, Qatar’s construction market has faced two key challenges over the past five years. These are the economic headwinds of lower energy prices, as well as restrictions on trade with Saudi Arabia, the UAE, Bahrain, and Egypt. When the trade restrictions began in June 2017, there were concerns that construction activity would grind to a halt as it would be cut off from its existing supply chain. Ultimately, these concerns were short-lived, and construction, as well as the economy in general, managed to establish new supplies from markets that remained open to trade. The market is currently dominated by local contractors that have grown with the market and benefitted from the recent absence of regional competition from the UAE and Saudi Arabia, and to a lesser extent Egypt and Bahrain.
As the market completes projects ahead of the World Cup 2022, there are concerns about what will keep the construction industry busy beyond 2022. While there is still a drop-off in activity expected during and immediately after the event, there is growing visibility on what the longer-term projects will be.
What are the key sectors in the construction market in Qatar?
The key sectors in the Qatar construction market are construction and transport.
Construction
The potential awards in the construction sector in Qatar is very strong, with projects worth just under $50 billion in the planning phase. Of these, more than 85% of projects are in design, more than 4% are under study and the rest are in various stages of bidding according to data from MEED Projects. During 2021-22, the largest projects due for award include the Airport City in Doha, North Field Production Sustainability: Phase 2, and National Centre for Cancer Care and Research.
Transport
Doha has a strong pipeline of future transport projects. About 50% of the transport projects in the pipeline are in the design phase. The biggest transport project due to be awarded in Qatar during 2021-22 is Hamad International Airport Expansion: Concourse D and E. The project is currently in the design phase and is expected to be awarded during the last quarter of 2022.
The construction sector in Qatar can be further subdivided into real estate, tourism, healthcare, and education. The transport sector comprises roads, rails, airports, and ports.
Qatar construction market, by sector
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Who are the major players in the Qatar construction market?
The major players in Qatari construction market sector are Lusail Real Estate Development Co., United Development Co., Energy City Development Company, Qatar Free Zones Authority, and Msheireb Properties.
Urbacon Trading & Contracting leads Qatar’s construction market in 2021 followed by Redco Construction – Almana. Local contractors dominate the rest of the top 10. The major local firms that are in the top 10 include HBK, Harinsa Contracting, Generic Engineering Technologies, Hassanesco, Al Bandary Engineering and Construction Development Company.
Qatar Public Works Authority (Ashghal), Hamad International Airport Steering Committee (HIA), New Port Project Steering Committee (NPP), Lusail Real Estate Development Co. and Qatar Ministry of Defence are the leading clients in the transport sector of Qatar. QD – SBG Construction continues to be the leading transport sector contractor followed by Boom Construction Company, UrbaCon Trading & Contracting, Advanced Construction Technologies, and Bin Omran Group.
Qatar construction market, by key clients
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Qatar construction market, by key contractors
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Market report scope
Segmentation by sector | Construction and Transport |
Key construction sector clients | Lusail Real Estate Development Co., United Development Co., Energy City Development Company, Qatar Free Zones Authority, and Msheireb Properties |
Key construction sector contractors | Urbacon Trading & Contracting, Redco Construction – Almana, HBK, Harinsa Contracting, Generic Engineering Technologies, Hassanesco, and Al Bandary Engineering and Construction Development Company |
Key transport sector clients | Qatar Public Works Authority (Ashghal), Hamad International Airport Steering Committee (HIA), New Port Project Steering Committee (NPP), Lusail Real Estate Development Co., and Qatar Ministry of Defence |
Key transport sector contractors | QD – SBG Construction, Boom Construction Company, UrbaCon Trading & Contracting, Advanced Construction Technologies, and Bin Omran Group |
Scope
- This report is aimed at helping companies create strategies for targeting and growing the market. It uses almost exclusively data from MEED Projects, the region’s leading online projects tracking service. With 15,000 active projects tracked and more than 35,000 in total in the database, MEED Projects makes it possible to quantify current, historical and future trends in the projects market in the region. I am certain that this report can help you achieve success in Qatar.
Reasons to Buy
- Opportunities and challenges in Qatar’s projects market
- Analysis of the pipeline of planned projects and contract awards
- Key policies and drivers shaping the outlook for projects in Qatar
- Political and economic background
- The barriers and challenges that may arise
- Sector-by-sector breakdown of future project plans
- Key drivers of projects in each sector
- Qatar’s most valuable key projects and major project sponsors
Table of Contents
Table
Figures
Frequently asked questions
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What are the key sectors in the construction market in Qatar?
The key sectors in the Qatar construction market are construction and transport.
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Who are the key players in the construction sector of the Qatar construction market?
The construction sector in Qatar is majorly dominated by clients such as Lusail Real Estate Development Co., United Development Co., Energy City Development Company, Qatar Free Zones Authority, and Msheireb Properties.
The key contractors are Urbacon Trading & Contracting, Redco Construction – Almana, HBK, Harinsa Contracting, Generic Engineering Technologies, Hassanesco, and Al Bandary Engineering and Construction Development Company.
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Who are the key players in the transport sector of the Qatar construction market?
Qatar Public Works Authority (Ashghal), Hamad International Airport Steering Committee (HIA), New Port Project Steering Committee (NPP), Lusail Real Estate Development Co., and Qatar Ministry of Defence are the key clients while QD – SBG Construction, Boom Construction Company, UrbaCon Trading & Contracting, Advanced Construction Technologies, and Bin Omran Group are the key contractors of the transport sector.
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What are the key subsectors in the Qatar construction market?
The key subsectors in the Qatar construction market are infrastructure, residential, mixed-use, commercial, hospitality, public, terminal, retail, earthwork, education, leisure, healthcare, cultural, and telecom.
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