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