Doha: The construction sector is poised to witness positive growth across all sectors, including renewable energy, industrial, and oil and gas, which are expected to drive the market.

The latest report from Global Data indicates an average annual growth rate (CAGR) of over 4% in the coming years until 2028.

Market experts note that the various upcoming megaprojects are aimed at the initial stages, participants and the list of major projects in progress. The report also focuses on critical sectors of the construction market and their growth drivers.

The researchers also highlighted several emerging trends while assessing the key risks and opportunities that will influence the growth of the Qatar construction market in the coming years. Analysts also note that key construction sectors include commercial, industrial, infrastructure, energy and utilities, institutional and residential.

In the commercial sector, projects in leisure, hotels, office buildings, outdoor recreation facilities and retail are booming as investments continue to drive market growth over the the period 2025-2028, according to the data.

On the other hand, ongoing chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste treatment plant projects are increasing the demand in industrial constructions.

Regarding Qatar’s cutting-edge infrastructure projects, the report highlights that “government spending on the country’s road and rail transport projects will support infrastructure sector output over the 2025-2028 period.”

Industry leaders also highlight investments in the energy sector, renewable energy and oil and gas, power and electricity, telecommunications, sewerage infrastructure and water infrastructure. water, ensuring a solid impact for Qatari businesses in the near future. Additionally, global events and forums hosted by the country attract many foreign investors to explore opportunities.

However, the data highlights that the implementation of public investments in the country’s educational and healthcare institutions is expected to fuel the growth of the institutional construction sector during the forecast period.

Experts also expressed optimism about residential construction activity, as single-family and multi-family housing projects have seen an increase in recent quarters.

“The increase in permits issued for residential buildings, coupled with the government’s goal of distributing affordable housing to a certain percentage of the population by 2030, will support the growth of the residential sector,” the report said.