Qatar positions itself as regional hub for commerce, innovation

Doha, Qatar: The commercial real estate market in the country is experiencing reverberating growth with driving factors such as economic diversificati...

Doha, Qatar: The commercial real estate market in the country is experiencing reverberating growth with driving factors such as economic diversification efforts, infrastructure developments and the positive impacts of hosting major tournaments in the recent past, including the AFC Asia Cup, World Aquatic Championship and the FIFA World Cup, which was held in 2022.

According to recent data by Statista, the sector is estimated to reach a total value of $221bn in 2024. Market explorers told The Peninsula that this surging demand places Qatar as a regional hub for resilient commerce and trade activities.

Serban Spirea, Chief Executive Officer of FG Realty, said: “As we progress towards Qatar National Vision 2030, we anticipate continued expansion and modernisation in the commercial sector, with increased investments in sustainable and technologically advanced buildings.”

“This boom is likely to attract more international businesses and enhance Qatar’s position as a regional hub for commerce and innovation.”

Statista’s data noted that the sector is expected to obtain a compound annual growth rate of 1.75 percent in the next four years, estimated to reach approximately $237bn in its market volume.