Qatar’s construction sector is forecast to expand significantly, reaching QAR 158.05 billion (USD 43.4 billion) by 2029, up from QAR 127.88 billion (USD 35.1 billion) in 2025, according to Research and Markets. The market is projected to grow at a steady pace, supported by large-scale investments in infrastructure, housing, energy, and urban development.
The growth outlook builds on a 2.5% CAGR recorded between 2020 and 2024, underpinned by a pipeline of strategic projects. Much of the momentum is tied to the Third National Development Strategy, which seeks to reinforce Qatar’s global energy leadership while diversifying the economy through extensive infrastructure and industrial development.
Key drivers include:
Ashghal’s QAR 81 billion (USD 22.2 billion) five-year programme (2025–2029), the largest in its history, focusing on water networks, transport, urban expansion, and government facilities.
The North Field Expansion, which will boost LNG output by more than 63% and add 48 million tonnes per annum to global supply in partnership with leading international energy firms.
The Transportation Master Plan 2050, covering 86 highway schemes and the continued expansion of the Doha Metro.
Parallel research also projects the construction equipment market to grow from 4,039 units in 2024 to over 5,000 by 2030, supported by economic recovery and government investment in industrial capacity.
Tourism development and rising foreign capital inflows are expected to further strengthen the sector’s trajectory, positioning Qatar as a key hub for infrastructure and energy-linked construction in the region.
Source: Research and Markets
