Raising the ceiling of expectations
ME PoV Spring 2015 issue
Qatar’s real estate and construction era
Qatar is one of the world’s fastest growing economies. Once dependent on fishing and pearl hunting, the country has recently assumed a very advanced position among the leading international economies with the highest per capita in the world at over US$94,744. Also, Qatar has known one of the fastest demographic growths in the world with the population quadrupling in the last 13 years.
Projections show Qatar could easily increase from a population of 2.3 million in 2014 to 2.8 million by 2020. The drastic transition and expected development have cast certain needs to develop the real estate sector ushering in a new construction era.