Qatar’s real estate projects augment construction market, diversifies economy – The Peninsula

Qatar’s real estate projects augment construction market, diversifies economy – The Peninsula

Doha, Qatar: Booming real estate projects continue to underpin the construction sector heavily across Qatar. However, industry experts at Researches and Markets note that key players constantly make a lasting impact, augmenting the GDP growth of the country.

Having a flourishing presence of local, regional, and global players, the industry is “fragmented in nature”. A few of the main companies that contribute towards the economy with booming realty projects include QD-SBG Construction, Gulf Contracting, HBK Contracting, and AlJaber Engineering.

The report mentioned that “Major and specialised companies have witnessed unprecedented stability and growth in the Qatari construction market. The country has undertaken large-scale infrastructure projects of various types and invited the participation of international companies.”

On the other hand, numerous construction service providers and facility management enterprises are competing to enter the Qatar market. 

These firms are reportedly collaborating with developers to offer post-construction services. However, Qatar’s facility management industry is also expected to undergo an exponential boost in the years ahead with diverse infrastructures of towers, low-rise structures, stadiums, and malls that are built being constructed.

“The construction and realty sector prospects are brighter, especially outside the capital of Qatar”, the data remarks adding that compared to an overall decline at the national