BUILDING MOMENTUM FOR GROWTH

Qatar's construction sector is entering a new growth cycle, underpinned by government-led infrastructure spending, LNG megaprojects, and diversified development plans that include massive tourism hubs, aligned with its National Vision 2030.

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QATAR'S construction sector is charting a new era of expansion marked by robust government-led infrastructure programmes, private sector partnerships, and visionary national strategies.

The country's construction market size is projected to be $52.34 billion in 2025, with expectations to reach $64.29 billion by 2030, representing a compound annual growth rate (CAGR) of 4.20 per cent, according to market research company Mordor Intelligence. This steady growth is driven by the country's long-term economic diversification under Qatar National Vision 2030, substantial public spending on transport and energy infrastructure, and an accelerating pipeline of liquefied natural gas (LNG) projects led by QatarEnergy.

QatarEnergy, the rebranded state-owned company previously known as Qatargas, is the central force behind the massive North Field expansion, which underpins the entire national economy.

Qatar's construction sector experienced a post-World Cup dip - triggered by a cooling real estate market, fewer large-scale commercial permits, and global cost pressures. The country'S construction industry saw an annual growth of 1.4 per cent in 2024, according to data analytics and consulting company Global Data, which states that the sector is expected to expand by 3.4 per cent in real terms in 2025, supported by investments in residential, renewable energy and transportation infrastructure sectors.

Growth will also be supported by the total allocation of QR210.2 billion ($57.8 billion) in the 2025 budget, an increase of 4.6 per cent compared to the 2024 budget. The major allocations in the budget include QR22 billion for the healthcare sector and QR21.9 billion for the municipality and environment sector. Despite the presence of positive factors, the waning commercial construction output continues to weigh on Qatar's construction industry, the report says.