OPTIMISTIC FUTURE PROSPECTS
Possibilities of further developing Qatar’s construction sector to be spotlighted at major events.
Qatar’s future ambitions in the construction and design space will be highlighted and discussed at the upcoming INDEX Design Qatar and The Big 5 Construct Qatar events to be held in Doha later this year.
Both the events aim to connect essential suppliers, contractors and government officials within Qatar’s infrastructure development space, and will offer them face-to-face business and networking opportunities, as well as a platform for thought leadership, knowledge exchange, and discourse from some of the region’s foremost experts. The events will take place from October 23 to 25 at the Doha Exhibition and Convention Center (DECC) and will be held under the patronage of His Excellency Shaikh Khalid bin Khalifa bin Abdulaziz Al Thani, Prime Minister and Minister of Interior of Qatar.
The patronage comes off the back of a recent partnership between world-leading international exhibitions company dmg events and Qatar-based NeXTfairs to co-locate its two internationally recognised flagship shows, INDEX Design Qatar and The Big 5 Construct Qatar at the DECC.
Rawad Sleem, Co-Founder and General Manager of NeXTfairs, said: “The Arab peninsula is already setting the wheels in motion for its construction, infrastructure, design, hospitality and green building sectors post-FIFA World Cup and, together with the support from the Prime Minister’s office, we’re looking forward to highlighting the country’s plans and progress at both events in 2023.”
According to Qatar’s Construction Industry Databook Series, the construction industry in Qatar is expected to grow by 7.3% to reach over QR92 million this year alone. While between 2022 to 2026 experts forecast a compound annual growth rate (CAGR) of 7.9%.
Real estate consultant Knight Frank recently revealed that looking to 2030 the construction sector is expected to increase post-FIFA World Cup with a USD7 billion hospitality plan underway. And the market is expected to grow by 12% to reach USD54.6 billion over the next eight years as part of the country’s National Tourism Sector Strategy 2030.
Additionally, earlier this year, NeXTfairs released Qatar’s Hospitality and Tourism Report which disclosed that post-2022 the country would be launching eight new hotels and 11,000 keys.
Matt Denton, President at dmg events, said: “The focus now is to look ahead to 2030 and continue to drive the country’s ambitious construction and design plans under its economic blueprint, the Qatar National Vision 2030. “With Qatar showcasing its construction and design credentials on the world stage this year, we believe that our aim at both INDEX Design Qatar and The Big 5 Construct Qatar 2023 will be to continue in the same vein and shine a light on the advancements of these sectors, all while creating an essential space for debate and discourse.” ✤
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