“CONSTRUCTION SECTOR UNAFFECTED BY BLOCKADE”
According to Qatari real estate company SAK Holding Group, the embargo imposed on Qatar by its GCC neighbours has been a failure.
In its monthly ‘Market Watch Bureau' report, SAK claimed that the key infrastructure, real estate, construction and industrial sectors were able to resist the blockade, adding that imports from the siege countries are less than 25% of Qatar's total demand.
“There were apprehensions that our trade and business may be affected by the closure of land borders and sea and air ports,” said SAK Holding Group Deputy CEO Abdulrahman Al Najjar.
He added: “This belief is wrong, because according to documented studies on the extent of our reliance on imports from neighbouring countries in the past, we found that they do not exceed 25% of the imports coming into Qatar through Doha Sea Port, which can be easily overcome.”