May 2016, New Delhi: The commercial building sector in Qatar is driven by government investment on infrastructure. • Qatar’s building industry will increase as a result of the national vision 2030. • The diversification strategy used by the Qatari administration The commercial construction sector in Qatar is thoroughly analyzed in Ken Research’s newest study, Commercial Construction in Qatar to 2019: Market Forecast, which was just released. The study includes information of many industrial areas broken down into categories. The paper provides an explanation of the government-initiated efforts aimed at improving the industry. The research gives the reader an interpretation of the market’s future forecast for the end of this decade. One of the biggest building markets in the world is found in Qatar: the commercial sector. From 2011 to 2015, the industry’s production grew at a real compound annual growth rate of 15.6%. The nation has huge deposits of gas and oil, which were the main elements influencing the robust status of the economy. The government is diversifying and reducing its reliance on its natural reserves as a result of declining oil prices. This results in significant infrastructure expenditure, which fuels the market expansion for commercial building. The Qatar National Tourism Sector Strategy 2030 was introduced by the government with the goal of enhancing the country’s transportation and tourist infrastructure. The project’s goal is to raise the proportion of travel and tourism to the GDP by 2030. Consequently, this will raise the overall amount spent on commercial building. The hosting of the 2022 FIFA World Cup, in keeping with the nation’s 2020 Qatar National Vision, is the single largest event that will stimulate the building industry. For the same purpose, significant infrastructure projects are being built, including new highways, roads, and the expansion of the Hamad International Airport and the new metro in Doha. In terms of both volume and value, transportation projects account for the greatest portion of the construction industry. Over the next years, these initiatives will generate demand for development. worldwide market for commercial building Many multinational construction firms are active in Qatar and welcome participation from the global private sector. It is anticipated that the construction industry in developing countries would expand more quickly than in industrialized nations. Residential construction is expected to continue holding the biggest proportion of the construction industry globally. Over the next few years, a compound annual growth rate of 7.3% is predicted for the worldwide construction sector. The industry’s main problems include raising awareness of technology, project cancellations brought on by the effects of the global financial crisis, a tighter credit and financing environment, and finance-related problems. The business is predicted to be driven by rising government expenditure, population growth, and the demand for commercial real estate. important subjects addressed in the paper -a thorough study of the commercial construction market in Qatar; -a value and volume analysis of the industry -key concerns in the industry -historic and projected value analysis by category -framework of consumer trends -analysis of megatrends -profiles of recently introduced projects in the commercial building industry in Qatar To learn more about coverage, visit the following link: Commercial construction in Qatar: https://www.kenresearch.com/manufacturing-and-construction/real-estate/23554-97.html related reports Market projection for institutional building in Poland through 2019; similarly, for the Philippines through 2019: market projection Contact: +91-124-4230204 ; Ankur Gupta, Head of Marketing & Communications, Ken Research; query@kenresearch.com
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