(MENAFN) The construction growth is likely to continue in coming years in Qatar despite recent plunge in crude oil prices. According to experts, around USD180 billion will be invested in various infrastructure projects in Qatar. These projects will create significant demand for other related material such as cement, iron steel and other related materials in coming years, The Peninsula Qatar reported.
In a bid to create world class infrastructure, Qatar government has announced many mega projects rail and road transport, hotel and tourism, urban development, power and water infrastructure and social infrastructure sector.
Oil prices have already plummeted sharply from their 2014 peak due to drop in demand because of slowdown of the global economy.
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