The successful bid for any investor
In 2021, Qatar’s construction market grew by 1.7%, after falling by 3.8% in 2020. A recent report expects the industry to grow by 2.3% this year, and average of 3.6% growth from 2023 to 2026, still through investments from QNV 2030. The Qatari government has ratified a new law that regulates public-private partnerships (PPP), which is expected to drive more foreign direct investments to the country. Based on recent construction trends in Qatar, infrastructure development, transport, and healthcare projects, and the building of schools will continue to support the industry’s growth.
There are many opportunities for foreign contractors to expand in Qatar, especially in the development areas that are key to achieving QNV 2030. Lower costs of building materials are also highly encouraging for contractors that want to expand in the country. As Qatar positions itself to become an advanced country by 2030, many foreign investors will not want to miss out on riding the tide of the construction industry’s expansion in the country.