Qatar continues to be the fastest-growing construction market in the Arab Gulf region, with the market expected to make up 45 percent of the country's investments in between 2015 and 2018. Gross domestic product (GDP) growth in the non-hydrocarbon industry hit 5.6 per cent in 2016 with the construction industry as the biggest contributor. In accordance with Qatar Vision 2030, the nation has allocated QAR 46 billion in investments for 2017 and industry experts anticipate the market to come to a head within the first half of the year.
Under the auspices of H.E. Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, Prime Minister and Minister of the Interior of Qatar, Project Qatar is set to welcome exhibitors from several countries at the 14th International Trade Exhibition for Construction Innovation, Building Products, Devices and Environmental Technology, which will be held at the Doha Event and Convention Facility (DECC) from May 8 to 11, 2017.
The country is seen heading in the direction of a significant construction boom as mega-infrastructure tasks get in progress such as below ground railways and several stadiums, along with a considerable variety of commercial and exclusive structures for the upcoming FIFA 2022 World Cup.
Project Qatar 2017, considered as the country's biggest exhibition for building, environmental technology and products, gives the perfect platform for exhibitors to showcase the most up to date construction devices and solutions, deepen their market visibility, and construct brand-new business relationships with firms of all dimensions. Qatar's rewarding construction market draws in the world's greatest gamers and offers unrivaled opportunities for aspiring companies to safeguard take care of the industry's top choice manufacturers.
George Ayache, General Manager, at IFP Qatar, said: "The amazing development of Project Qatar time after time is testament to the scale of framework development that has actually been taking place in the country because 2004. Project Qatar remains to draw in a lot of business from virtually 40 nations looking for to make the most of the huge growth in the nation's construction industry. The high quality of bargains and networking opportunities have additionally raised and have had a favorable overall effect on the industry. We are certain the 14th edition will certainly bring in more top-level offers for firms seeking to develop landmark jobs in Qatar, Belgium, France, Pakistan, Italy, China, Korea, Egypt, UK, Germany, Kuwait, KSA, Turkey, Spain, Bulgaria, India and the USA."
Project Qatar consistently sustains Qatar Vision 2030, which works as the country's roadmap to the future and intends to push its lasting development, standing for a well balanced financial development with human and natural resources. It offers a comprehensive model of the nation's economic, social, human and environmental growth to improve the lives of citizens and residents.