Qatar’s construction sector is experiencing a period of rapid growth, partially due to the government's efforts towards achieving economic diversification. Post 2022 FIFA World Cup, public funding will be allocated toward several new projects in tourism and leisure development. Qatar's National Vision 2030 is expected to bring impressive economic development, with an estimated $16 billion in construction contractor awards by 2023. This growth will be driven primarily by expanding transport infrastructure and a booming tourism and real estate sector.
Qatar is investing heavily in its infrastructure for a prosperous future. Through the construction industry, work being done to prepare for both the 2022 FIFA World Cup and 2030 Asian Games will result not just in new stadiums but also facilities designed with potential use beyond those events. This ensures that these investments benefit current residents as well as generations down the road through improved social services and investment into their cultural heritage.
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Awarded Contracts last year
Qatar is leading the world in low-carbon energy solutions with its plan to build an unprecedented facility for producing blue ammonia - one of today's most promising sources of clean, renewable power. The large-scale venture signifies a notably ambitious step toward sustainability, having been awarded an EPC contract valued at US$1 billion and slated for construction by 2023.
In early Sept 2022, Ashghal sealed a historic PPP agreement to develop a Sewage Treatment Works (STW) project for Al Wakra and Al Wukair - estimated at over US$1.4 billion in total costs! This marks the first sewage treatment initiative developed through such an innovative partnership in Qatar, as well as one of the biggest projects ever handed off to the private sector outside of energy initiatives. Construction on this milestone venture is slated to commence 2023 onwards.
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