A report by Al Asmakh Real Estate Projects stated that government spending is one of the key factors driving the growth of the real estate sector, highlighting the ongoing efforts to complete infrastructure projects, particularly the development of citizens’ land.

The report explained that the large package of contracts related to infrastructure programs, such as roads and sewage projects implemented by the relevant authorities, along with the development of citizens’ land, forms the core of real estate construction activities this year. Additionally, high-value building project contracts will contribute to boosting the construction and building sector.

The report added that these contracts will create opportunities for real estate activity by developing areas that will serve these projects, requiring various types of real estate facilities.

It also mentioned that the building materials sector and related services will benefit from the positive effects of awarded contracts, particularly those related to infrastructure and transportation. The report emphasized that this construction sector growth is expected to continue in the coming years, coinciding with developers and real estate investors expanding their investments.

It further highlighted that Qatar’s project market is being driven by two interconnected goals: national development and infrastructure building. The report noted that the level of spending on development projects in Qatar will enhance the growth of the building construction sector, which, in turn, will reflect positively on economic growth at both the sectoral and overall levels. Official and global reports indicate that the construction and building sector continues to expand

Source: Al Sharq website