Qatar continues to grow

11th Jun 2008

Qatar’s construction sector is set to reach QAR 33billion (USD 9.06 billion) by 2012, according to studies conducted by Business Monitor. And with over 800 new towers slated to go up in Doha over the next 10 years, the market has been identified as one of the busiest construction areas in the world.Qatar’s massive oil and gas reserves act as a catalyst that drives the growth of its most important industries such as the real estate sector. As the country continues to witness outstanding growth in its gross domestic product, which is expected to reach 13.5 per cent in 2009; massive cash flow is being channeled to large-scale investments in high profile real estate developments creating high demand. To leverage the massive demand for residential and commercial projects, local and foreign developers are looking for solutions that will enhance architects’ and structural engineers’ efficiency and productivity. 


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