Qatar Infrastructure Report

Published 17 February 2015

  • 80 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Qatar Infrastructure Report

BMI View: Qatar's construction industry continues to perform strongly and with average real growth of 10.2% over our 10-year forecast period, we do not expect this strength to diminish. We do not expect lower oil prices to have a notable impact on growth , given the centrality of infrastructure spending to the government's well financed plans. The industry is navigating capacity constraints seemingly well, although we still belie ve price pressures will be felt over the medium term.

Qatar is the fastest growing construction and infrastructure market in the GCC and remains one of our favourite construction markets, buoyed by huge government investment, a stable business environment and growing consumer demand. BMI's Country Risk team believes Qatari economic activity will continue to expand at a strong pace throughout 2015, driven primarily by growth in the non-oil sector and therefore the dramatic fall in oil prices we have seen over recent quarters will have little impact on growth. Robust private consumption, on the back of a fast-growing population, large government spending commitments, and continued progress on infrastructure projects will lead the residential and non-residential sector, in particular, to outperform over the long-term.

Key Trends And Developments

  • Oil prices are a minimal downside risk to our forecast, given Qatar is the least exposed out of the six GCC economies to the drop in oil prices, and we do not expect government spending or consumer confidence to be impacted over the coming quarters. Qatar's fiscal breakeven price is estimated to be around USD58/bbl, and although BMI forecasts USD55/bbl in 2015, the long-term nature of the country's LNG contracts will delay the impact of lower hydrocarbon prices on government revenues.

  • In November 2014 the announcement that the 2015/16 budget will see a 16% increase in infrastructure spending to USD24bn, supporting our view that despite lower oil prices, which will affect the price...

Table of Contents

BMI View
7
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Table: Construction And Infrastructure Industry Data (Qatar 2012-2017)
11
Table: Construction And Infrastructure Industry Data (Qatar 2018-2023)
12
Transport Infrastructure - Outlook And Overview
17
Table: Transport Infrastructure Industry Data (Qatar 2012-2017)
17
Table: Transport Infrastructure Industry Data (Qatar 2018-2023)
18
Table: Major Construction Elements of Doha Port Project
26
Table: BMI Key Projects Database - Transport
29
Energy And Utilities Infrastructure - Outlook And Overview
33
Table: Energy And Utilities Infrastructure Data (Qatar 2012-2017)
33
Table: Energy And Utilities Infrastructure Data (Qatar 2018-2023)
34
Table: Major Projects Energy And Utilities
40
Residential/Non-Residential Building - Outlook And Overview
43
Table: Major Projects Residential And Non-Residential Construction And Social Infrastructure
48
Industry Risk Reward Ratings
51
Table: MENA Infrastructure Risk / Reward Ratings
56
Qatar - Infrastructure Risk/Reward Ratings
57
Rewards
57
Risks
58
Market Overview
59
Competitive Landscape
59
Table: Key Infrastructure Companies
59
Company Profile
62
Consolidated Contractors Company
62
Global Industry Overview
65
Global Infrastructure Overview
65
Methodology
71
Industry Forecast Methodology
71
Sector-Specific Methodology
72
Risk/Reward Rating Methodology
76
Sector-Specific Methodology
77
Table: Infrastructure Risk/Reward Rating Indicators
77
Table: Weighting Of Indicators
78

The Qatar Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Qatar Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Qatari infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Qatar to test other views - a key input for successful budgetary and planning in the Qatari infrastructure market.
  • Target business opportunities and risks in the Qatari infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Qatar.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc