Construction Development.

The construction and development market of Doha, Qatar, has been active and lively, much owed to the long term aims of the country that are lined up about the Qatar National Vision 2030. It is reckoned that the market size will surpass 68 billion dollars in 2025 and is likely to continue growing substantially in the coming years. This development is driven by both government and private investment in the diversification of sectors, with most focus on systems, real estate, energy and sustainability.

One of the major constructions of this development is mega projects of systems and property. The Public Works Authority (Ashghal) has also issued a new five year plan that would have a budget of over 22 billion dollars on the systems projects comprising development of the roads, drainage systems, and new residential areas. The development of major cities is also in progress as an example of a self sustaining property (Lusail City). Other important real estate projects are focused on star locations such as The Pearl Island and West Bay, which are also mixed developments of residential high rises, offices, retail stores and luxury services. Another method that the government is increasingly adapting to fund and develop these projects is through PublicPrivate Partnerships (PPP) especially where the government wants to develop systems in residential areas and wastewater treatment facilities.

Besides real estate and systems the energy and utilities industry has an immense presence in the construction of Doha. The company is investing heavily in such projects as the North Field Expansion that is bound to make Qatar a global powerhouse in LNG production. Also, sustainability has become the new buzzword, and Qatar plans to improve the proportion of renewable energy and decrease carbon emissions. Such initiatives are contributing to construction activities in the field of solar power plants and other eco friendly systems, also diversifying the construction market and making it compliant with international environmental standards