Qatar has allocated a budget of nearly USD 56 bln for 2025, a 4.6pct increase from the previous year, aiming to boost economic growth and activities. Analysts at Verified Market Research expect this to drive growth in the construction and infrastructure sectors, The Peninsula reported.
According to the latest report by Verified Market Research, Qatar’s construction market was valued at USD 58.36 bln in 2024 and is projected to reach USD 120.63 bln by 2031, with a compound annual growth rate (CAGR) of 9.5pct.
Experts predict a favorable outlook for Qatar’s construction market, supported by government initiatives to enhance healthcare, education, and tourism sectors. The growing demand spans commercial, residential, industrial, transportation infrastructure, and energy projects.
Key market players include Bilfinger Berger Qatar WLL, QDVC Q.S.C, HBK Contracting Company WLL, Medgulf Construction Company WLL, Ammico Contracting Co WLL, MIDMAC Contracting Co WLL, Redco International WLL, and Gulf Contracting Co WLL.
