Qatar commits QAR 210 billion to infrastructure projects
05/01/25
Qatar has recently unveiled its 2025 budget, allocating a total of QAR 210.2 billion (USD 57.75 billion) in expenditures, marking a 4.6% increase compared to the previous year.
Most importantly, the extensive development of strategic key sectors is being targeted, particularly construction and infrastructure, public services and tourism. These industries are expected to witness accelerated growth as well as significant positive impact according to experts from the Verified Market Research group.
Furthermore, the Qatar government's robust financial position, bolstered by substantial reserves and budget surpluses, enables direct funding of large-scale projects, reducing reliance on public-private partnerships. As a result the economy as a whole is expected to develop significantly in the upcoming fiscal year.
Current investments are directed toward enhancing Qatar’s road networks, upgrading state-of-the-art facilities and supporting major construction initiatives that are designed to attract both tourists and international investors. As highlighted by Verified Market Research, the Qatar construction market was valued at QAR 212.4 billion (USD 58.4 billion) in 2024, with projections estimating it will reach QAR 439 billion (USD120.6 billion) by 2031. Accordingly this reflects an impressive compound annual growth rate (CAGR) of 9.50%.
Moreover, industry experts suggest that the outlook for Qatar's construction sector remains highly favourable throughout the forecast period. Importantly, this growth is further supported by the government’s ongoing commitment to improving public services, including healthcare and education, alongside expanding the tourism industry, all of which present significant opportunities for new construction projects. As a result, these developments span multiple segments, including commercial, residential, industrial, transportation infrastructure and energy utilities.
Notably, Qatar's construction market continues to show resilience, with major infrastructure and tourism projects playing a crucial role in driving the country’s GDP growth. Most importantly, the expanding population and increasing employment opportunities further contribute to the sector's positive momentum.
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