QATAR 2014 MARKET REPORT

First 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