Qatar plans to allocate around USD 7 Bn (QR 25.4 Bn) budget to rebuild selected areas in and around Doha city as part of massive infrastructure works in preparation to host the FIFA World Cup Qatar 2022TM. The Supreme Committee for Delivery and Legacy (SC) has already redeveloped four stadiums for the FIFA World Cup Qatar 2022 TM while four others are in various stages of construction. With the completion deadlines fast approaching, there hasn’t been a more demand for sports venues suppliers of all phases of construction, thus an opportune time to enter the market and connect with the right stakeholders and decision-makers.

Staying at the forefront of innovation for enhancing quality of life and achieving sustainable development, Qatar is already building the cities of the future. In line with its National Vision 2030, the country has embarked on a journey to develop smart cities, the likes of Lusail City, that encompass deploying smart applications in infrastructure, buildings, energy, mobility and utilities, among other.

After its debut in Project Qatar 2019, Smart District will be bringing together international industry experts seeking to contribute to Qatar’s Smart Nation Program. Smart District’s dedicated product zone is an ideal platform for smart technology providers, innovators, entrepreneurs, urban planners, and other industry specialists showcasing cutting-edge innovation in building, energy, and transportation that aim to contribute to Qatar’s digitized cities.

Heavy Max is a specialized platform, attracting a massive number of manufacturers, suppliers, and distributors of heavy machinery and construction equipment that showcases the latest cutting-edge construction machinery, equipment, systems and enables to meet the demand of multi-billion-dollar projects in Qatar.

Heavy Max will be held from 6 - 9 June 2022, under Project Qatar, the 1^8th International Construction Technology and Building Materials Exhibition, covering a wide range of sectors across the building industry, and bringing together top professionals from all over the world.

Heavy Max will be held concurrently with:

•     Project Qatar - 18^th edition of the country's largest construction fair covering a wide range of industries across the sector

•     Qatar Stone Tech, the 8^th International Stone and Stone Technology Show

Construction Equipment Market Worth $199.18 billion by 2025

According to a new market research report titled "Construction Equipment Market by Type, Category, Emission Regulation, Aftertreatment Device, Power Output, Application, Rental Equipment, and Region - Global Forecast to 2025", published by ‘Markets and Markets’, the market is projected to grow at a CAGR of 4.52%, to reach a market size of $199.18 billion by 2025, from an estimated $146.17 billion in 2018. The market is driven by the increasing government spending on various infrastructure activities, development of smart cities, and changing emission regulations across the world.

Infrastructure is the fastest-growing application of construction equipment. It is expected to drive the market. This growth can be attributed to the upcoming construction projects around the globe, primarily in developing nations. Additionally, major events such as the FIFA World Cup Qatar 2022 in Qatar is likely to drive the demand for construction equipment in these regions.

The GCC construction machinery market alone is expected to register a CAGR of 7-8% over the forecast period (2018-2023).

CONSTRUCTION EQUIPMENT: MAIN TRADE FLOWS IN QATAR

Qatar Stone Tech, is the country’s sole exhibition dedicated to the stone industry. The exhibition showcases a wide variety of stones, ceramics, complementary materials, products, tools, equipment and highlights cutting-edge stone technologies.

Qatar Stone Tech 2021, the 7th International Stone and Stone Technology Show will be held from 6 - 9 June 2022, under Project Qatar and is the ideal event for distributors, suppliers, manufacturers, agents and engineers of the stone world to meet with regional agents, dealers, buyers and distributors, and to penetrate efficiently Qatar's booming construction industry.

Qatar Stone Tech will be held concurrently with:

•     Project Qatar - 18^th edition of the country's largest construction fair covering a wide range of industries across the sector

•     Heavy Max 2021, the 18^th International Exhibition for Heavy Machinery Stone and Stone Technology will be showcased over 4 days to meet the demand of a billion-dollar-value construction market.

•     Qatar is a continuously booming economy, with the highest GDP per capita in the world. The country will host the football FIFA World Cup Qatar 2022, and has been building a large number of hotels, state-of-the-art hospitals, museums, football stadiums, shopping malls, and much more. It is estimated that Qatar will spend about USD 150 billion in the next ten years on infrastructure.

•     Qatar accounts for 16% of the stone market in the region, evaluated at USD 4.87 billion.

•     The marble stone and ceramics market in the region is expected to grow at 5.8 % in the coming years. Green building projects alone will be driving the regional stone market to $5.4 billion.

•     Cement, concrete, and stone are three of the raw materials accounting for a large proportion of the production cost in the construction industry in Qatar, and generally anywhere. Hence, the demand for these materials closely follows the movement of the construction industry.

Lighting Tech is the latest addition to Project Qatar. This specialized platform sheds light on the growing requirements for lighting technologies in Qatar, to meet the demand of multi-billion projects ranging from sports stadiums, residential, commercial, and hotel buildings to full-fledged smart cities.

Lighting Tech is an ideal platform to showcase a broad spectrum of indoor and outdoor lighting technologies, urban and architectural lighting products as well as smart lighting solutions for various applications and projects.

This new dedicated zone brings together lighting technology experts, engineers, manufacturers, suppliers, and designers, with contractors, consultants, project engineers and owners to explore lucrative business opportunities and future projects in Qatar’s gleaming lighting industry.

Lighting Tech is held under Project Qatar next to other dedicated zones such as Heavy Max, Qatar Stone Tech, Interior Fit Out, and Smart District, thus attracting thousands of stakeholders from various disciplines within the construction industry.

•     The market size of lighting control systems for homes in Qatar is expected to increase from $24.82 million in 2016 to $108.23 million by 2022, according to statistics.

•     The ‘Stadium Lighting Market - Global Forecast to 2023’ report suggests that the global stadium lighting market, currently valued at $432 million in 2018, is likely to reach US$622.2 million by 2023. The report also suggests that venues in the Arabian Gulf will be pivotal to the growth of the stadium lighting market, advising “Qatar is likely to offer much growth opportunities for stadium lighting solution providers, as the country will host the FIFA World Cup Qatar 2022”. This major sporting event is expected to attract technology providers for the deployment of advanced stadium lighting solutions in the Middle East region.

•     The global smart lighting market is projected to witness a CAGR of over 22% by 2022, on the back of technological advancements in lighting solutions, coupled with booming demand for advanced lighting solutions, especially in street lighting segment, across the globe, according to Research and Markets. Moreover, rising focus on development of smart cities, increasing IoT adoption and emergence of Li-Fi technology are expected to further boost global smart lighting market in the coming years. In line with its National Vision 2030, Qatar has embarked on a journey to develop smart cities, the likes of Lusail City, which is set to exponentially increase the demand for smart lighting solutions in the country.

•     The global outdoor lighting market was valued at $8,740 million in 2017 and is forecast to witness a CAGR of 8% during 2018–2023. Growing adoption of energy-saving and cost-efficient lighting products and increased government focus on energy conservation are the major factors driving the market growth, according to P&S Intelligence. Qatar’s initiatives for increasing energy efficiency and achieving sustainability are also driving the demand for energy-saving lighting solutions and technologies.

•     Chevron’s Center for Sustainable Energy Efficiency (CSEE) at Qatar Science and Technology Park continues to support Qatar’s sustainable development strategy through training and demonstration of energy-efficient lighting and photovoltaic technologies.

Interior Fit Out is the latest addition to Project Qatar. This specialized platform zeros in on the ever-growing need for modern fit-out solutions in Qatar to meet the demand of multi-billion projects ranging from sports stadiums to large-scale residential, commercial, and hotel developments.

Interior Fit Out is an ideal platform to showcase a wide range of interior and fit-out materials, applications, and technologies for commercial, residential, hospitality, retail, sports and industrial projects across Qatar.

The exhibition brings together manufactures, suppliers, architects, contractors, consultants, specifiers, facilities managers, and other industry specialists to seize business opportunities, forge new partnerships, and provide world-class turnkey solutions for Qatar’s mega construction projects.

Interior Fit Out is held is held under Project Qatar next to other dedicated zones such as Heavy Max, Qatar Stone Tech, Lighting Tech, and Smart District, thus attracting thousands of stakeholders from various disciplines within the construction industry.

•     Qatar’s building surge ahead of the FIFA World Cup Qatar 2022 has sparked a boom in interior design spending across the Gulf, Between 2016 and 2017, the fit-out market grew by more than $2.2bn, according to Ventures. The commercial real estate ($1.1 billion), hotel ($2.1 billion), retail ($1.2 billion), hospital ($667 million) and education ($452 million) sectors have all increased interiors investment since 2016. The residential sector remained buoyant with an annual value of more than $3 billion, says the report.

•     With a weekly spend of more than $500 million being put into infrastructure projects ahead of the FIFA World Cup Qatar 2022, country’s surging interiors market  is valued at almost $3bn-a-year and growing. In terms of spend-per-head of population, Qatar is seeing an annual sum of $78 being spent for every resident on commercial interiors and their fit-out. The country also leads the way in regards to investment in educational facilities and their interior fit-out, with a $280-per-head-spend.

•     The interior design and build process is garnering momentum to become the leading project delivery system in the region’s fit-out industry where contracting and fit outs sector encompassing internal wood works, soft and hard furnishings, lightings, partitions, flooring, kitchens, bathroom fittings constitute approximately 10 to 20 percent of the average construction project value, performing much better than its European and Asian counterparts.

•     According to DTZ, the supply of organized retail accommodation in Qatar has grown by more than 600,000 square meters since 2015. Doha’s organized retail market currently provides almost 1.4 million square meters of leasable accommodation in 21 purpose-built retail malls. Moreover, there are over 16,000 hotel keys and serviced apartments at various stages of planning and construction in Qatar. The rise of these developments indicate an increasing demand for fit-out solutions across various sectors in Qatar.