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QATAR 2014 MARKET REPORT First Qatar Real Estate Development

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QATAR 2014 MARKET REPORT First Qatar Real Estate Development QATAR 2014 MARKET REPORT First Qatar Real Estate Development Company May, 2014 CONTENTS 1) EXECUTIVE SUMMARY 2) THE ECONOMY 3) TOURISM GROWTH 4) QATAR AIRWAYS GROWTH 5) GROWTH OF PASSENGER MOVEMENTS 6) POPULATION 7) THE PROJECTS MARKET 8) PROJECT BY SECTOR – i. Transport ii. Construction iii. Infrastructure iv. Energy 9) SOURCE & REFERENCE EXECUTIVE SUMMARY THE ECONOMY - GDP Qatar GDP Growth % 30.00% 26.17% 25.00% 20.00% 17.72% 17.99% 17.66% 16.73% 12.96% 15.00% 11.96% 10.00% 7.49% 6.24% 5.15% 5.01% 5.00% 0.00% In the spam of 7years i.e., from 2004 to 2010 GDP over doubled THE ECONOMY - GDP GDP BREAKDOWN BY SECTORS THE ECONOMY - GDP Source: Ministry of Development Planning and Statistics, Qatar Government services are Hamad Medical Corporation, Qatar General Electricity and Water Corporation, Primary Health Care Operation, Qatar News Agency, United Media Center. TOURISM GROWTH TOURISM GROWTH Tourists Arrivals Growth: 3.00 2.59 2.80 30.0% 2.40 2.50 2.11 2.24 25.0% 1.92 2.01 2.00 1.78 20.0% 1.43 1.50 15.0% 1.00 10.0% (Millions) Growth % 0.50 5.0% Tourist Arrivals 0.00 0.0% Hotels Occupancy Level (%) 80% 70% 66% 63% 67% 58% 59% 60% 40% 20% 0% Tourists Arrivals will double from 2009(1.43m) to (2.8m) in 2017 QATAR AIRWAYS GROWTH QATAR AIRWAYS GROWTH Aircraft Type Current (Active) Future (on order) Total 122 6 GROWTH OF PASSENGER MOVEMENTS 30.0 20.0% 23.2 25.2 25.0 21.1 15.0% 18.1 20.0 15.7 14.0 15.0 10.0% 10.0 (Millions) 5.0% Growth % 5.0 No. ofPassengers 0.0 0.0% Passengers will be doubled in 2015 (25m) from 2009 (14m) No. of Passengers (Millions) Growth % POPULATION MAJOR CITIES IN QATAR BY POPULATION (2014): Rank City Population 2014(est.) POPULATION 2,155,446 Total 2,155,446 Source: Ministry of development Planning and Statistics. Qatar POPULATION GROWTH 2.50 20.0% 2.00 15.0% 1.50 10.0% 1.00 (Millions) % Change Population 5.0% 0.50 0.00 0.0% Source: IMF Double increase of the population from 2004 (700,000 persons) to 2008 (1,400,000 persons) - 5years doubling effect. THE PROJECTS MARKET The main projects currently under execution in Qatar: Qatar Rail Roads & Expressways Airports Lusail city Barwa city The Pearl Qatar The Stadiums Healthcare Education city and Barzan Gas project PROJECT BY SECTOR - TRANSPORTATION 1. Rail PROJECT BY SECTOR - TRANSPORTATION Metro / Lightrail 1.1 Doha Metro – Estimated value $21bn 1.2 Lusail Light Rail Transit - Estimated value $4bn. PROJECT BY SECTOR - TRANSPORTATION 2. Roads & Expressways 2.1.The expressway programme PROJECT BY SECTOR - TRANSPORTATION 2.2. The local roads and drainage programme (LRDP) The Sharq Crossing PROJECT BY SECTOR - TRANSPORTATION 3. Airports PROJECT BY SECTOR – CONSTRUCTION REAL ESTATE 1. Lusail City PROJECT BY SECTOR – CONSTRUCTION 2. BARWA Projects currently under execution: 2.1 Baraha Motor City :Estimated cost $550m 2.2 Barwa Al-Barha : Estimated cost $550m 2.3 Barwa Al-Doha : Estimated cost NA PROJECT BY SECTOR – CONSTRUCTION 3. The Pearl Qatar - Estimated value $9bn PROJECT BY SECTOR – CONSTRUCTION The Stadiums – Estimated Value $3.5bn Stadium Est. Cost ($) Lusail iconic Stadium $660m Doha Port Stadium $200m Umm Salal Stadium $251m Al-Khor Stadium $251m Education City Stadium $280m Al-Wakrah Stadium $286m Qatar University Stadium $300m Sports City Stadium $880m Al-Shamal Stadium $251m Khalifa International Stadium(major renovation) $71m Al-Rayyan Stadium(major renovation) $135m Al-Gharaffa Stadium(major renovation) $135m Total $3,449m PROJECT BY SECTOR – INFRASTRUCTURE 1. Healthcare 2. Education city PROJECT BY SECTOR – ENERGY Barzan Gas Project – Estimated value $10.4bn Source & Reference A MEED Insight report – Qatar Projects Market Report 2014 Qatar Rail Euromonitor International Qatar Tourism Authority Qatar Airways Airports Council International Infoqat.com Hydrocarbons technology.com – Kable Ministry of development planning & statistics IMF and HVS Report 2013 .
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