SEC­OND CITY DRIVES QATAR'S CON­STRUC­TION IN­DUS­TRY

Qatar Today - - BUSINESS > VIEWPOINT -

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.

Progress re­port

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

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