123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Qatar Sees 36% Rise In Building Permits: What It Means For The Construction Industry

Profile Picture
By Author: Quest International
Total Articles: 1
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

As per current statistics, construction industry in Qatar is on the rise, especially, building permits for the construction industry for the July has been 36% higher than that of the previous month. This increase as observed by the NPC shows that the country has a major concentration in developing the urban sector through considerable participation from both the government and the private sectors.

It is now time to know the fact regarding trends of building permits and its consequence towards the construction companies and building materials wholesale suppliers in Qatar in the concern of National Vision 2030 of Qatar state.

The Role of Building Permits in Economic Development

Two kinds of permits that form an integral part of measuring the success of construction sector of Qatar include the building permits and the completion certificates. The current analysis also indicates that the new construction permit made up 36% of the total permits in July this year suggesting the industry is gaining more steam. This growth is important because construction industry is one of the key industries for Qatar country ...
... economy.

The equally gradual increase of the construction work reflects the country’s long-term development plan contained in the National Vision 2030 – which targets the diversification and sustainable development of the Qatari economy.

Types of Building Permits

The surge in building permits was spread across both residential and non-residential projects. Residential permits dominated, with villas making up 86% of all new residential permits issued. Apartment buildings followed, accounting for 13%, while other residential structures made up the remaining 1%.

In the non-residential category, industrial buildings led the way, comprising 39% of permits. Service infrastructure buildings followed at 28%, and mosques made up 16%.

Regional Distribution of Building Permits

Among Qatar’s municipalities, Al-Rayyan led the charge, issuing 26% of all building permits in July. Doha and Al-Da’ayen followed closely, accounting for 21% and 20% of the total permits, respectively. This regional distribution highlights varying levels of development across Qatar, with some municipalities experiencing more rapid growth than others.

Building Completion Certificates: A Mixed Picture

While building permits saw a significant rise, the issuance of building completion certificates presented a more nuanced picture. New building completion certifications that reflect both the residential and non-residential construction industry were 84% of all the certifications provided in July.

Villas were again the most dominant in the completions in the residential sector contributing to 94 percent of buildings that were complete in the same year. But it is revealed that there was a 4% overall decrease in the completion certificates as compared to the completion certificates of the previous month. This reduction was observed most strikingly with regard to certificates that reduced by 52% in Doha and 5 percent in Umm Salal.

On the other side, a significant increase was recorded in Al-Wakrah which included 102 percent, In Al-Khor 55 percent and in Al-Shamal 29 percent.

What's Up Next for the Building Sector in Qatar?

The construction industry in Qatar may be able to restore its pace after completing projects related to the FIFA World Cup 2022, according to a recent spike in building permits. Nevertheless the sector is due for a comeback because with increased public & private investments, this sector is poised for resurgence.

A Bright Future for Qatar’s Construction Sector

This increase in building permits shows that the construction business in Qatar is steadily growing, especially with extra emphasis on Infrastructure Projects and in line with Qatar visions 2030. Overall, as Qatar develops and expands its urban area, this is a positive increase for construction contractors working on residential or non-residential projects.

The opportunity to invest in one of the most active industries in the world is now, as the building industry gets ready for a boom in the next years. Ready to jump in and seeking for a reliable construction material supplier in Qatar? Visit Quest International and enrich your discoveries with the finest materials with us- your one-stop procurement provider in the country- Qatar.

Total Views: 49Word Count: 643See All articles From Author

Add Comment

Business Articles

1. Lucintel Forecasts The Glass Fiber In The Global Marine Market To Grow With A Cagr Of 3.7% From 2024 To 2030
Author: Lucintel LLC

2. Lucintel Forecasts The Glass Fiber In The Global E&e Market To Grow With A Cagr Of 3.9% From 2024 To 2030
Author: Lucintel LLC

3. Lucintel Forecasts The Global Frp Pole In Telecommunication Market To Grow With A Cagr Of 6.5% From 2024 To 2030
Author: Lucintel LLC

4. Lucintel Forecasts The Global Frp Pole In Power Transmission & Distribution Market To Grow With A Cagr Of 6% From 2024 To 2030
Author: Lucintel LLC

5. Lucintel Forecasts The Global Frp Pipe In Oil And Gas Market To Grow With A Cagr Of 5.1% From 2024 To 2030
Author: Lucintel LLC

6. Lucintel Forecasts The Global Frp Pipe In Chemical Market To Grow With A Cagr Of 3.6% From 2024 To 2030
Author: Lucintel LLC

7. Adopt A Modern Telecom Commission Management System To Fix Revenue Leakages
Author: Kevin

8. Quality Steel Pipes And Tubes With Commitment And Trusted Service
Author: CONTENT EDITOR FOR SAMPHIRE IT SOLUTIONS PVT LTD

9. Lucintel Forecasts The Global Foam Core For The Construction Market To Grow With A Cagr Of 3.7% From 2024 To 2030
Author: Lucintel LLC

10. How Important Is Mutual Fund?
Author: Sagar Shah

11. What Do You Need To Know About Customize Your Own Clothes
Author: Guangzhou Beianji Clothing

12. Detailed Tips To Choose Quality Cabinets And Joinery Melbourne
Author: William Harvey

13. Lucintel Forecasts The Global Foam Core For The Transportation Market To Grow With A Cagr Of 5.4% From 2024 To 2030
Author: Lucintel LLC

14. Silicone Sealing Foam Cord: The Valuable Option For You
Author: Dongguan Senma New Materials Technology Co., Ltd

15. How Investment Banking Companies And Credit Solutions Elevate Wealth Management
Author: Drishti Desai

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: