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Qatar Construction Market Outlook for 2025
According to the International Monetary Fund (IMF), Qatar’s real GDP is expected to grow by 1.9% in 2025, up from 1.5% in 2024. The Qatari government has demonstrated fiscal prudence, reporting a budget surplus of $700 million (QAR 2.6 billion) for Q2 2024. The country’s continued efforts to reduce public debt and strategic allocation of funds will directly impact construction spending and infrastructure development.
Additionally, S&P reaffirmed Qatar’s ‘AA/A-1+’ ratings in November 2024, citing strong fiscal health, hydrocarbon reserves, and a leadership position in the LNG sector. However, geopolitical risks remain, particularly concerning Qatar’s reliance on the Strait of Hormuz for exports.
Qatar’s construction industry: A post-world cup era
Following the FIFA World Cup 2022, Qatar’s construction industry has undergone a shift. The government has launched the Third National Development Strategy (2024-2030) to align with Qatar National Vision 2030, focusing on diversifying the economy and reducing dependence on hydrocarbons.
This initiative has fueled investments in infrastructure, industrial projects, and sustainable development.
Qatar Construction Industry Report
Qatar’s construction sector is poised for steady growth, driven by LNG expansion, infrastructure investments, and sustainability initiatives. With multi-billion-dollar projects in energy, power, and real estate, the industry is evolving beyond the post-World Cup era.
Ventures Onsite has compiled an in-depth report on Qatar’s construction industry, analyzing key trends, major projects, and future outlook.
Major Construction Projects Shaping Qatar’s Future
Some of the major projects expected to drive Qatar’s construction industry in 2025 include:
North Field Production Sustainability (NFPS) – Phase 2
This $4 billion project is a crucial step in Qatar’s efforts to maintain and expand its LNG output. The compression facilities installed by Saipem S.P.A. will enhance gas flow efficiency, ensuring sustained production levels. As part of the broader North Field Expansion, this initiative strengthens Qatar’s dominance in the global LNG market.
Qatar Power Transmission Expansion
With Qatar’s growing energy demands, Kahramaa’s expansion of the power transmission system is vital for supporting industrial and urban development. The project involves building new substations and high-voltage cable networks, ensuring a more stable and resilient electricity grid..
Ras Laffan Common Cooling Seawater System – Phase 4
Ras Laffan’s cooling system is a key infrastructure component for Qatar’s LNG processing plants. Medgulf Construction will enhance the system’s capacity, ensuring efficient cooling for LNG liquefaction. This expansion is essential for boosting LNG production efficiency while maintaining environmental and operational safety standards.
Sanitary Engineered Landfill
This project aligns with Qatar’s sustainability goals, aiming to improve waste treatment and landfill management. Developed by HBK Contracting and Boom Waste Treatment, the engineered landfill will use advanced waste disposal and recycling technologies to minimize environmental impact. It plays a crucial role in Qatar’s long-term waste reduction and green infrastructure initiatives
Marina Twin Towers COM-53
A high-profile commercial and residential project, the Marina Twin Towers will contribute to Qatar’s urban expansion, particularly in its luxury real estate sector. Developed by Bin Abad Trading & Contracting, this project will offer premium office spaces, apartments, and retail facilities, enhancing the country’s modern skyline and attracting business and tourism investments.
Future Outlook: What to Expect in 2025
The construction industry in Qatar is set to remain resilient and forward-looking, with nearly $274 billion worth of projects in planning and construction phases. The government’s push for sustainable construction, digital transformation, and green building initiatives will shape the industry’s future.
UAE Building Industry: Major Players to Watch
As the sector expands, leading developers and contractors continue to shape the future of UAE’s skyline. Some of the major players driving large-scale projects include:
Ventures Onsite is tracking these major projects and many more, if you would like to find out more on how you can subscribe to receive access to project data, please contact us.
