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 | Signs of strong growth in Qatar's construction sector  |  |
MENAFN - Arab News
- 08/08/2011
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(MENAFN - Arab News) Qatar's construction market is set for continuous growth throughout 2011, according to new figures from Qatar's Statistics Authority (QSA).
Recently published figures from the authority revealed Qatar's construction market has made stready growth quarter-on-quarter in the first half with the rising from QR5.3 billion in the third quarter of 2010 to QR6.1 billion in the first quarter of 2011.
The report reveals the construction industry, which slowed across the Middle East in 2008 is now playing a significant role in contributing to Qatar's economic growth - which has surged by 28 percent in the first quarter of 2011 alone.
The report comes as construction companies, architects and developers across the world eagerly await the announcement of infrastructure projects that will see Qatar's landscape evolve.
Infrastructure projects, in line with Qatar's National Vision 2030 and National Strategy 2011 - 2016, are expected to be announced throughout 2011 and 2012 to build Qatar's landscape in time for the Qatar 2022 FIFA World Cup.
IQPC Divisional Director Chris Corander said: "It is an exciting time in Qatar at the moment, with many developers, consultants and architects preparing themselves for the tendering of mega projects that will help Qatar to deliver its national strategy. Excellent project management skills and a clear vision will help Qatar realize its World Cup dream in time for 2022."
Corander added: "The influx of construction companies and the pick-up of infrastructure projects in the region are in-line with QSA's figures, and as the 2022 World Cup moves closer, Qatar's commitment to delivering a successful project will intensify - sparking further growth in the sector."
The QSA report comes as IQPC announces its Qatar Construction Summit and Awards; a four-day event which profiles international case studies on stadium design, construction best practice and infrastructure development ready for the release of Qatar's projects.
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