Under the patronage of His Excellency Sheikh Mohammed bin Abdulrahman Al-Thani, Prime Minister and Minister of Foreign Affairs
Under the patronage of His Excellency Sheikh Mohammed bin Abdulrahman Al-Thani, Prime Minister and Minister of Foreign Affairs
Qatar’s construction market is projected to grow to QAR 158.05 billion by 2029, driven by major infrastructure, energy, and urban development projects.
Qatar’s construction market is expected to maintain its robust expansion, driven by major infrastructure projects in transportation, housing, and energy, according to new market research.
A report by Research and Markets forecasts the sector could be worth up to QAR 158.05 billion ($43.4 billion) by 2029, up from QAR 127.88 billion ($35.1 billion) in 2025. This follows a compound annual growth rate of 2.5 percent from 2020 to 2024, supported by a steady pipeline of large-scale developments.
The firm’s separate analysis of Qatar’s construction equipment market projects an increase of almost 1,000 units by 2030, from 4,039 units in 2024, citing economic recovery and significant government investment in industrial facilities.
Much of the sector’s momentum is tied to the Third National Development Strategy, which aims to cement Qatar’s leadership in energy while diversifying its economy.
This strategy relies heavily on new infrastructure, from urban expansion to industrial capacity building.
In May, the Public Works Authority (Ashghal) announced its largest-ever programme – a QAR 81 billion ($22.2 billion) five-year plan running from 2025 to 2029.
It aims to “transform national infrastructure” with major investments in water systems, urban development, transportation, and government facilities.
Parallel to this, Qatar is advancing its North Field expansion to boost liquefied natural gas (LNG) output by more than 63 percent, adding 48 million tonnes per annum to global supply through agreements with companies including TotalEnergies, Eni, ConocoPhillips, Shell, and ExxonMobil.
The Transportation Master Plan 2050, featuring 86 highway schemes and the Doha Metro expansion, is also expected to contribute significantly to construction growth.
Rising investment linked to tourism and increased foreign capital inflows are further strengthening the market outlook.
Source: Doha News
