ablcc_newsletter-December 2022

28 57 Qatar Economic & Commercial Activities Guide Theboomin theconstructionsector in recent years was reflected in many aspects of modernization that we see throughout the country, and this prosperity is also supported by the surpluses in the State budget that financed public spending for four years. We see, for example, the rail project, new metro lines, the rapid expansion of the airport and the development of the road network, in addition to allocating more than 3 billion dollars to building new highways. Preparing for World Cup Of course, we cannot ignore the boom created by Qatar’s hosting of the 2022 World Cup, since it has been awarded the honor of organizing this football festival in 2012. Since then, Qatar has witnessed an acceleration in the growth of the construction sector, and within years the construction sector became the largest non-oil sector in Qatar. The construction sector contributes about 15% to the GDP. We are now witnessing the final stages of the construction movement related to stadiums and infrastructure facilities. Large and medium projects are continuing after the World Cup, such as finishing works on the projects that have been completed or adding accessories that constitute an added value to those projects, which creates opportunities for medium companies and helps to sustain the boom in the construction and contracting sector in Qatar. As a result, the construction business will continue to thrive even after World Cup. Investors will continue to be open to investment opportunities and make the most of them by working in Qatar for the next several years. $ 71.65 billion Qr 17.8 billion QR 20 billion $ 14.41 trillion QR 74 billion The value of the global construction sector by 2030 Cost of completing public projects in 2022 Qatar construction market estimates by 2025 Spending on the education sector projects for the year 2022 Spending on the health sector projects in 2022 Investment Sectors | Construction

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