Construction industry poised for growth supported by investments in residential, renewable energy sectors

DOHA: The construction industry in Qatar is poised for growth with a projected expansion of 3.4% in real terms in this year. This follows a 1.4% growt...

DOHA: The construction industry in Qatar is poised for growth with a projected expansion of 3.4% in real terms in this year. This follows a 1.4% growth in last year and is underpinned by investments across residential, renewable energy, and transportation infrastructure sectors.

Despite these positive indicators, challenges persist, particularly in the commercial construction sector. However, the industry is expected to recover, with an average annual growth rate of 4.7% forecasted from 2026 to 2029. This growth will be fueled by both public and private investments in key areas such as renewable energy, water infrastructure, and liquefied natural gas (LNG) projects, according to a report by Research And Markets, one of the world’s largest market research stores.

Qatar's construction market size is estimated at $68.70bn in 2025 and is expected to reach $106.33bn by 2030, at a CAGR of 9.13% during the forecast period (2025-2030).

The construction sector is a vital part of Qatar’s sustainable development, aligning with the Qatar National Vision 2030. It focuses on sustainable construction practices, reducing environmental impact, conserving resources, and enhancing quality of life, while also driving economic growth and job creation.

Qatar’s commitment to sustainability is evident in its goal to increase renewable energy’s share in the power mix to 18% by 2030, from 5% in April 2024. The country also aims to reduce carbon dioxide emissions by 25% by 2030 from the Business as usual (BAU) level and achieve a carbon zero footprint by 2050. These targets are part of the National Renewable Energy Strategy, initiated by the Qatar General Electricity and Water Corporation (Kahramaa).