The sale of Construction Equipment in Qatar to Reach $7,929

2022-05-21 00:34:07 By : Ms. Joy Chen

May 17, 2022 17:05 ET | Source: Arizton Advisory and Intelligence Arizton Advisory and Intelligence

Chicago, May 17, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, the Qatar construction equipment market will grow at a CAGR of 4.63% during 2022-2028. Qatar is to host the FIFA WORLD CUP 2022 in the last quarter of 2022, which is boosting the investment in infrastructure developments across the country. Development projects have been in progress since 2018. Therefore, most projects, which are near completion in 2022, expect to boost the construction equipment market.

Qatar has an excellent opportunity to expand its presence among European countries in 2022 due to the ongoing political dispute between Russia and European countries. Currently, the country has a long-term contract to supply natural gas to Asian countries. However, the prevailing political situation expects to increase the gas export to European countries in short term. Hence, the growth in the oil & gas industry of Qatar will support the demand for construction equipment such as cranes and other construction equipment.

Qatar Construction Equipment Market Report Scope

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