Qatar's Construction Sector Boosted By World Cup Preparations
News: During H113, real estate sector loans in Qatar reached QAR80bn (US$21.97bn), reports Zawya. In terms of contract financing, the Qatari loan book totalled QAR19bn (US$5.22bn) during the same period. Infrastructure projects in construction and transport accounted for the highest proportion of real estate spending, boosted particularly by the nation ' s preparations for hosting the FIFA World Cup in 2022.
BMI View: Qatar's commercial real estate and construction segments will be among the clear outperformers in the Middle East, bolstered by the Vision 2030 and World Cup projects. The country is also going to be buttressed by a business environment that has drawn all the major engineering, services, banking and real estate Gulf and Middle East players to the market. As such, we believe that fundamentals for growth in the sub-sector remain strong, but, as we have previously highlighted, development will likely be slower than previously expected.