SECOND CITY DRIVES QATAR'S CONSTRUCTION INDUSTRY
WITH A WAVE OF NEW PROJECTS MOVING FROM THE DRAWING BOARD TO THE ROLL-OUT STAGE IN QATAR'S LUSAIL CITY DEVELOPMENT, ACTIVITY IN THE CONSTRUCTION SECTOR LOOKS SET TO SHIFT UP A GEAR.
Substantial spending on infrastructure, bolstered by a broad range of private sector initiatives, is expected to keep the industry working at full capacity in the coming years, though supply shortages and increasing input costs may arise as demand accelerates.
Lusail in the spotlight
Located to the north of Doha and covering an area of 38 sq km, Lusail City stands as Qatar's largest development project. The fully integrated city is expected to be home to 200,000 residents and provide employment for some 170,000 workers once completed. Developers also expect Lusail to become a new cluster for entertainment, hospitality and retail over the course of the next decade thanks to a series of leisure-focused projects, ranging from golf courses to marinas.
Much of the city's infrastructure is already in place, with integrated services provider Marafeq currently installing the utilities. This is expected to pave the way for developers to make further progress on construction work across the office, residential and retail segments.
Essa Mohammed Ali Kaldari, CEO of Lusail Real Estate Development Company, the firm carrying out the work, is confident that the construction itself will help