Qatari Businessmen Association (QBA) is pleased to launch Qatar Construction Guide as the first integrated version in Qatar. This Guide, which is added to the Association publications, is a true reflection of the recovery experienced by the real estate and construction sector, especially after the announcement of Qatar hosting the 2022 FIFA World Cup. Qatar plans to establish major projects in all aspects of infrastructure worth up to USD 150 bn during the next six years.
The real estate sector in Qatar still holds a strategic nature in the framework of efforts aimed at achieving the aspirations of the Qatar National Vision 2030. Moreover, this sector is a key driver for the diversification of the country's economy.
Not only we would like to confirm that the FIFA World Cup has emerged as a stressing force to ensure timely implementation and high quality of these projects, but we also would like to point out that the market expectations are quite feasible in the short and long terms in the context of hosting the World Cup in 2022. This has contributed to raising the level of optimism in the local and regional business sector, not to mention the positive perceptions about the positive performance of the real estate market in Qatar.
It is worth noting that this optimism is not arbitrary, but it is significantly boosted by the Qatari economy which has achieved phenomenal growth in recent years and is expected to achieve more growth during upcoming years as long as Qatar continues to develop its economy and institutions. However, the real estate sector in Qatar has proven its stability during and after the global financial crisis unlike what happened to the real estate sector both regionally and globally. Therefore, QBA has sought to issue this construction guide to deliver to local and foreign investors information on the major projects launched in the country, in addition to the laws, legislations and investment climate in Qatar.