Signs of Strong Growth in Qatar's Construction

I chanced upon this news article below which shared that Qatar's construction industry is set to grow strongly in the first quarter of 2011, based on newly released figures from Qatar's Statistics Authority(QSA).

Signs of the Strong Growth in Qatar's Construction

DUBAI, UAE, August 7, 2011 /PRNewswire/ --

Qatar's construction market is set to continue to grow throughout 2011 - reports new figures from Qatar's Statistics Authority (QSA).

Recently published figures from the authority revealed Qatar's construction market has made steady growth quarter-on-quarter in the first half with the rising from QR5.3bn in the third quarter of 2010 to QR6.1bn 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% 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.

The announcement of Qatar as the hosts of the 2022 World Cup has placed an immoveable deadline on many of Qatar's development projects - with experts revealing that planned infrastructure projects that make up part of Qatar's World Cup bid will need to be ready earlier - in time for a FIFA inspection.

IQPC Divisional Director, Chris Corander says, "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 realise its World Cup dream in time for 2022.

"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.

Sponsors include Populous, Al Jaber, Hochtief Vicon, OutoKumpu, Drake and Scull, Herzog, Sepam, Apave, Unibeton Ready Mix, Almisned Trading, Almisned Ready Mix, Orimix and Qatar Concrete Ltd.

For more information about the event visit http://www.qatarconstructionsummit.com or email Olivia.modisakeng@iqpc.com or call +971-4-364-2975

SOURCE IQPC Middle East