ConstructCorps Industry News: Construction in Qatar – Key Trends and Opportunities to 2020

ConstructCorps Industry News: Construction in Qatar – Key Trends and Opportunities to 2020

On May 13, 2016, Posted by , In Compliance, By ,, , With No Comments

Qatar’s construction industry has been one of the fastest growing in the world in the past five years. In real terms, the industry’s output value expanded at a compound annual growth rate (CAGR) of 15.60% during the review period (2011–2015).

High levels of spending on infrastructure have been a key factor in driving the industry’s growth, with the government aiming to diversify the economy and make it less reliant on the oil and gas sector.

The industry is expected to be supported by government investments in infrastructure and housing over the forecast period (2016–2020), as well as spending on infrastructure, stadia and commercial buildings for the 2022 Fifa World Cup.

The industry’s output value in real terms is expected to register a CAGR of 9.66% over the forecast period.

Read Full Story: http://ow.ly/fggw300aWVe

Follow on Twitter: https://twitter.com/PRNewswire

Comments are closed.
Dreamhost review