Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar Construction Sector's Business Optimism at 3Year High  Join our daily free Newsletter

MENAFN - Qatar News Agency - 01/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Ha june 01 (qna) - qatar construction industry's business optimism in the second quarter of 2014 is at its highest for three years according to a survey by a private index.

the boi score of 54 for q2 2014 was three points up from q1 2014 and 13 points up from q2 2013. higher scores for selling prices net profits and hiring drove the overall result for q2 2014.

dun and bradstreet's business optimism index (boi) also reveals finance real estate and business service sector has recorded their second highest optimism score since the first quarter of 2011.

sponsored by the qatar financial centre authority (qfc authority) in partnership with the qatar businessmen association (qba) the survey also reveals the score for the finance real estate and business services sector was 18 points higher in q2 2014 than in q2 2013.

the sector’s rise stems from the strong qatari economy higher demand for insurance for new construction and an increase in savings and investment by a growing population.

within this sector the outlook for finance and insurance firms was stronger than for real estate and business services firms on volumes new orders and profits.

the index for the consolidated non-hydrocarbon sector was 47 points which was up seven points year-on-year but showed a decline of two points from q1 2014.

the decline was mainly due to seasonal factors specifically the impact of the coming summer season on sectors such as trade & hospitality and related services such as event management.

qfc authority deputy chief executive officer yousef mohammed al jaida said "this latest boi survey shows that qatar's finance real estate and business services sector continues to strengthen.

"no fewer than 64% of respondents in the sector expect higher profits in the second quarter of 2014. construction is emerging as a major force behind the sector’s growth as well as boosting qatar's economy more generally. these trends are further evidence of the extent to which the economy is diversifying." on behalf of the qatari businessmen association sheikh mohammed bin faisal al thani said "qatar's private sector is committed to playing a productive and entrepreneurial role in the development of our nation’s economy as set out in the qatar national vision 2030. it is clear from the boi survey for q2 2014 that on measures such as investment employment and profitability qatar's businesses are fulfilling that role." commenting on the findings of the most recent survey dun and bradstreet south asia middle east associate director prashant kumar said "the boi in q2 2014 for the non-hydrocarbon sector has improved by seven points on a year-on-year basis reflecting an increasing optimism amongst the business community in qatar.

construction is the most optimistic. it has the highest boi score as well as the highest proportion (49%) of businesses planning to invest in business expansion.

positive expectations for the construction sector are driving the optimism amongst businesses in other associated sectors with around 65% respondents in the non-hydrocarbon sector expecting an increase in sales volumes in the next quarter."


 


Qatar News Agency




  MENA News Headlines
 Mar 27 2015 - UAE, Belgium to solidify economic tiesMENAFN
(MENAFN) The UAE and Belgian governments are set to improve economic ties, as Belgium eyes capabilities of supporting the economic growth of the UAE, Gulf News reported.A constructive collaboration ...

 Mar 27 2015 - Qatar, French firm sign deal for Qatari lagoonMENAFN
(MENAFN) French engineering group Egis has been granted a contract for rehabilitating a Qatari lagoon, which is raising serious environmental problems, Arabian Business reported.The lagoon covers ...

 Mar 27 2015 - Saudi firm signs USD500m deal to build five Egyptian citiesMENAFN
(MENAFN) Saudi Construction Products Holding Company (CPC) inked a deal to construct five industrialized cities for small businesses in Egypt, Arabian Business reported.The Saudi firm signed an MOU ...

 Mar 27 2015 - US condemns Houthis' actions in YemenKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The United States has condemned ongoing military actions by Houthi militia in Yemen and affirmed that the GCC States were taking action to protect Saudi Arabia's ...

 Mar 27 2015 - Saudi Amb. to Washington announces joint GCC operation against Houthis in YemenKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Saudi Ambassador to Washington Adel Al-Jubeir announced Thursday that a joint GCC military operation was undertaken to counter the "Houthi aggression" in ...

 Mar 27 2015 - Egypt to join military operation against HouthisKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Egypt has announced its full military and political support for the joint Arab operation against Houthi militias in Yemen on Thursday.Egypt is currently ...

 Mar 27 2015 - GCC-Arab alliance's air strikes paralyze air facilities in YemenKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The air base, Al-Dailimi, located in the Yemeni capital Sanaa, was repeatedly struck by military aircraft of the GCC-Arab alliance and navigation via the air ...

 Mar 27 2015 - Saudi air forces bomb Houthi strongholds in SanaaKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Saudi military planes struck over the past hours Houthi strongholds and arms depots in Sanaa and headquarters of the reserve forces south of the city, according ...

 Mar 27 2015 - France expands anti-ISIL operations to Tikrit in central IraqKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The French air force has expanded its theatre of operations to hit Islamic State in Iraqi and Levant (ISIL) in central Iraq around the town of Tikrit, the Defence ...

 Mar 27 2015 - Coalition conducts 17 airstrikes against ISIL in TikritKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Coalition operations in support of Iraqi Security Forces in Tikrit commenced last night after a request from the government of Iraq, the Combined Joint Task Force ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help