Doha, Qatar: Over the past ten years, Qatar has made significant economic progress and has established itself as a major participant on the world stage. Qatar will keep expanding its options for foreign direct investment and diversifying its economy. Qatar’s construction activity will continue to be driven by state-backed ambitions to diversify the traditionally oil-rich economy. Construction activity in Qatar has seen a period of slowdown of big projects compared to the major investment period in the lead-up to the World Cup, noted Qatar Market Intelligence Autumn Q3 report by Turner & Townsend. The fundamental market conditions nonetheless remain strong, and a new round of megaprojects is expected to be announced. As a result of major sporting events such as the 2022 FIFA World Cup and the upcoming 2023 FIFA Asian Cup, Qatar will remain in the public eye and become a key worldwide sporting destination for years to come. Aligned with Qatar National Vision 2030, Qatar has witnessed a notable surge in sustainable construction initiatives incorporating cutting-edge technologies designed to minimise environmental harm. The Public Works Authority ‘Ashghal’ has made significant efforts to incorporate sustainability in its strategic plan through implementing several initiatives on site. The initiatives aim […]
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