Forecast Period: 2025–2033
Market Size (2024): USD 63.32 Billion
Projected Market Size (2033): USD 138.66 Billion
CAGR: 10.70% (2025–2033)
The Qatar construction market reached USD 63.32 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 10.70% to surpass USD 138.66 billion by 2033, according to IMARC Group.
This sustained expansion is driven by Qatar’s strategic push for economic diversification, resulting in large-scale investments in infrastructure, urban development, and real estate. Key initiatives include transport mega-projects, smart city frameworks, and hospitality-driven developments. The sector is also witnessing a notable shift toward sustainable practices, with green building certifications becoming increasingly common.
Technological integration is accelerating, with tools like Building Information Modeling (BIM), modular construction, and automation improving efficiency and reducing delivery times. Rising demand for residential and commercial spaces—spurred by population growth and expatriate influx—is further boosting construction activity.
The market is also benefiting from regulatory reforms, investor-friendly policies, and increased collaboration between international and local firms, which are enhancing execution capacity and global know-how. As digitalization and smart infrastructure planning take hold, Qatar’s construction sector is positioning itself as a regional leader in modern, resilient, and sustainable development.
Overall, the outlook for the industry remains highly positive, supported by favorable demographics, visionary government planning, and a strong pipeline of projects across residential, commercial, industrial, and tourism-related segments.
Source: IMARC Group
