(MENAFNEditorial)
Qatar's construction industry continues to perform strongly and with average real growth of 10.2% over our 10-year forecast period we do not expect this strength to diminish. We do not expect lower oil prices to have a notable impact on growth given the centrality of infrastructure spending to the government's well financed plans. The industry is navigating capacity constraints seemingly well although we still belie ve price pressures will be felt over the medium term.
Qatar is the fastest growing construction and infrastructure market in the GCC and remains one of our favourite construction markets buoyed by huge government investment a stable business environment and growing consumer demand. BMI's Country Risk team believes Qatari economic activity will continue to expand at a strong pace throughout 2015 driven primarily by growth in the non-oil sector and therefore the dramatic fall in oil prices we have seen over recent quarters will have little impact on growth. Robust private consumption on the back of a fast-growing population large government spending commitments and continued progress on infrastructure projects will lead the residential and non-residential sector in particular to outperform over the long-term.
Full Report Details at
- http://www.fastmr.com/prod/957442_qatar_infrastructure_report_q2_2015.aspx?afid=101
Key Trends And Developments
* Oil prices are a minimal downside risk to our forecast given Qatar is the least exposed out of the six GCC economies to the drop in oil prices and we do not expect government spending or consumer confidence to be impacted over the coming quarters. Qatar's fiscal breakeven price is estimated to be around USD58/bbl and although BMI forecasts USD55/bbl in 2015 the long-term nature of the country's LNG contracts will delay the impact of lower hydrocarbon prices on government revenues.
* In November 2014 the announcement that the 2015/16 budget will see a 16% increase in infrastructure spending to USD24bn supporting our view that despite lower oil prices which will affect the price...
The Qatar Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects including transportation and logistics by land sea and air; power plants and utilities and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.
BMI's Qatar Infrastructure Report provides industry professionals and strategists sector analysts investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Qatari infrastructure and construction industry.
Key Benefits
* Benchmark BMI's independent infrastructure industry forecasts for Qatar to test other views - a key input for successful budgetary and planning in the Qatari infrastructure market.
* Target business opportunities and risks in the Qatari infrastructure sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Qatar.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering infrastructure and construction regulatory changes major investments and projects and significant national and multinational company developments. These are broken down into construction (social commercial and residential) transport (roads railways ports airports etc) and energy & utilities (powerplants pipelines and so on).
Industry SWOT Analysis
Analysis of the major strengths weaknesses opportunities and threats within the infrastructure and construction sectors and within the broader political economic and business environment.
BMI Industry Forecasts
Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators supported by explicit assumptions plus analysis of key developments in the market and risks to the main forecasts. Indicators include:
Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).
Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads railways airports and ports and the energy and utilities sub-sectors of power plants and transmission grids oil & gas pipelines and water infrastructure. This dataset is unique to the market.
The reports also include analysis of latest projects across the infrastructure sectors (transport utilities commercial construction).
BMI’s Infrastructure Risk Reward Index
BMI’s Risk Reward Index provides investors (construction companies suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points. These provide indices of highest to lowest appeal to investors with each position explained.
Market Overview
An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry including the key financial figures from some of the largest players in the sector.
Company Profiles*
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