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Construction Industry in Doha Qatar
Qatar successfully bid to host the 2022 FIFA World Cup. This has proven Qatar’s ability to focus and succeed in its huge ambition to host the 2022 FIFA World Cup. This is a turning point for Qatar as it should lead to rapid growth and development of Qatar in terms of infrastructure and economy.
The 2022 FIFA World Cup has generated a lot of interest among various investors in various industries and especially the construction industry. This achievement has opened the door of opportunity for the real estate and construction industry in the country. This starts with the need to improve its infrastructure urgently. In short, you need more companies, experts, manpower to realize the required projects. Infrastructure projects are being developed in the form of construction of roads, overpasses, bridges, etc. and others are planned for the future. This is important to facilitate construction activities and other projects taking place in different parts of the country. Some of the important projects going on in Qatar include airport project, railway project, Lusail project, Pearl Qatar etc. The country also has other ongoing projects such as the construction of hotels and apartments. Qatar wants world-class stadiums to support World Cup events and stadium projects are also on the cards.
This has created many opportunities for locals and foreigners for employment and business expansion. The city of Doha has a large number of hotel projects underway and more are expected to follow in the coming years. The FIFA World Cup has boosted the construction industry in Doha, Qatar. Qatar has become one of the hot spots and favorites in the field of real estate and construction in the Middle East since today. Qatar’s building and construction industry is experiencing its greatest boom period.
This has led many construction companies from GCC countries such as UAE, Saudi Arabia, Bahrain and Oman etc. to look at large projects and start their operations in Qatar. Due to the entry of international players in this market there will be fierce and healthy competition among construction companies to procure important projects. Looking at the size of the market and the future opportunities, it seems that all construction contracting companies that are established will have their fair share in this lucrative market. The market is supposed to gain momentum perhaps early next year, until then it’s a wait and see situation.
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