Boosting Tourism in Qatar to Drive the Commercial Construction Market : Ken Research

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Boosting Tourism in Qatar to Drive the Commercial
Construction Market
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• The National Vision 2030 will drive construction
  growth in Qatar
• Increase in construction because of preparation
  of the 2022 FIFA World Cup
• Diversification policy followed by the government
  of Qatar
• Ken Research announced its latest publication on,
  Commercial Construction in Qatar to 2019 Market
  Forecast which provides a detailed analysis of
  the Qatar Commercial Construction industry.
  Category-wise coverage of different segments in
  the industry have also included in the report.
  New projects launched by the government for
  enhancement of the sector are explained in the
  report. The report enables the reader to
  interpret future outlook on how the market will
  shape up by the end of this decade.

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• Qatar Commercial Construction Market is one of
  the largest construction markets around the
  world. The industrys output showed a compound
  annual growth rate of 15.6 in real terms during
  the period 2011-2015. The country is rich in its
  oil and gas reserves and these were the key
  factors which were contributing to the strong
  economy state. Lower oil prices are invoking the
  government to diversify and become less reliant
  on its natural reserves. This leads to high level
  of spending on infrastructure which drives the
  growth of commercial construction market.

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• The government is focusing on improving the
  transport and tourism infrastructure for which it
  has launched the Qatar National Tourism Sector
  Strategy 2030. The purpose of the project is to
  increase the travel and tourism share in GDP by
  2030. As a result this will increase the total
  Commercial Construction spending. The single
  biggest event which will boost the construction
  sector is the hosting of 2022 Fifa World Cup and
  in line with the countrys 2020 Qatar National
  Vision. Major infrastructure projects like new
  roads, highways, expansion of the Hamad
  International Airport and new metro in Doha are
  undertaken for the same. Transport projects have
  the largest share of value as well as volume in
  the construction market. These plans will create
  demand for construction over the next few years

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• Global
  Commercial Construction Market
• A number of international construction companies
  operate in Qatar are open for involvement of
  international private sectors. The emerging
  markets are expected to showcase faster growth in
  construction industries than the developed
  economies. At the global side residential
  construction is forecast to remain as the largest
  share in the construction market. The global
  construction industry is expected to show a CAGR
  of 7.3 over the coming few years. The biggest
  challenges for the industry are technology
  awareness, project cancellations due to the
  impact of the global financial crisis, tightening
  of credit and financing markets and issues
  related to project financing. Increasing
  population, government spending and need for
  commercial buildings are expected to drive the
  industry.

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• Key Topics Covered in the Report
• Detailed analysis of Qatar Commercial
  Construction Industry
• Value and volume analysis for Qatar Commercial
  Construction Market
• Historic and Forecast value analysis by category
• Key issues in the market
• Consumer trend framework
• Analysis of mega-trends
• Profiling of new projects launched in the Qatar
  Commercial Construction Market
• To know more on coverage, click on the link
  below
• https//www.kenresearch.com/manufacturing-and-cons
  truction/real-estate/commercial-construction-qatar
  /23554-97.html
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