Qatar Infrastructure, Construction & Real Estate January 2019 Qatar: Infrastructure, Construction & Real Estate TABLE OF CONTENTS Map of Qatar......................................................................................................................4 Executive Summary.........................................................................................................5 Industry Structure............................................................................................................6 Market Overview..............................................................................................................7 Figure: Planned Infrastructure Spending............................................................................................................................................7 Figure: Construction Share of Output..................................................................................................................................................8 Figure: Construction Contribution to GDP Growth..........................................................................................................................8 Energy Infrastructure .............................................................................................................................................................................10 Maritime Infrastructure .........................................................................................................................................................................11 Transport Infrastructure ........................................................................................................................................................................11 Commercial and Industrial Infrastructure ......................................................................................................................................12 Water and Sanitation Infrastructure..................................................................................................................................................12 Scientifc, Technological, and Cultural Projects ............................................................................................................................13 Residential Real Estate............................................................................................................................................................................13 Figure: Residential Apartment Supply...............................................................................................................................................13 Ofce Space .............................................................................................................................................................................................14 Figure: Ofce Demand by Business Sector .......................................................................................................................................14 Retail ............................................................................................................................................................................................................14 Figure: Distribution of Retail Space....................................................................................................................................................15 Hospitality...................................................................................................................................................................................................15 Figure: Hotel Room Supply by Type....................................................................................................................................................16 Key Players........................................................................................................................17 Qatari Diar Real Estate Investment Company................................................................................................................................17 Consolidated Contractors Company (CCC).....................................................................................................................................17 United Development Company PSC.................................................................................................................................................17 Ezdan Real Estate Company ................................................................................................................................................................17 Al Madar Group.........................................................................................................................................................................................17 Midmac Contracting Company (MIDMAC) .....................................................................................................................................18 Gulf Contracting Company...................................................................................................................................................................18 Marriott International ............................................................................................................................................................................18 Starwood Hotels and Resorts .............................................................................................................................................................18 Barwa Brokerage and Investment Holding Company................................................................................................................18 Qatar Sport and Environment Council .............................................................................................................................................18 Economic Overview ......................................................................................................19 Figure: Economics Forecasts................................................................................................................................................................19 Figure: GDP Growth ...............................................................................................................................................................................20 Figure: GDP Per Capita .........................................................................................................................................................................21 Figure: Infation.......................................................................................................................................................................................22 2 Qatar: Infrastructure, Construction & Real Estate Figure: Government Net Lending........................................................................................................................................................23 Figure: Current Account Balance ........................................................................................................................................................24 Figure: Unemployment ........................................................................................................................................................................25 Figure: Doing Business in Qatar..........................................................................................................................................................26 Challenges to Industry.................................................................................................27 SWOT Chart ......................................................................................................................28 Projections........................................................................................................................29 Figure: Economic Projections...............................................................................................................................................................29 Figure: Industry Projections..................................................................................................................................................................29 Needs Assessment.........................................................................................................30 MENA-Wide Overview..................................................................................................31 Figure: MENA Construction Backlog Market Share........................................................................................................................31 Figure: MENA Projects by Location.....................................................................................................................................................32 Figure: MENA Projects by Segment ....................................................................................................................................................32 Figure: Shortage of Afordable Housing in MENA .........................................................................................................................33 Figure: Retail Supply ..............................................................................................................................................................................34