28-29 Oct, 2014 - Dubai, U A E
Pullman Deira City Centre Dubai
Pullman Deira City Centre Dubai
The domestic demand for cement in Qatar is projected to double in the next three years with a large number of big ticket infrastructure projects lined up.
Dubai-based financial services firm Arqaam Capital has predicted that Qatar's domestic construction expenditure will reach 6.9% of real GDP in 2014 from its 6.5% in 2013.
The report says that there are a slew of construction projects in the pipeline that are reported to be worth QR182bn ($49bn). This marks a rise of 15% from the 2013 numbers.
The state's construction plans itself include QR757bn ($207.9bn) worth of investments on infrastructure developments in the 2013-2018 period, of which a majority of projects are for the 2022 World Cup.
Further, the projects that are already underway is said to be worth $70bn with an average churn rate of 3-4 years. This will drive cement demand to double in the next three years.
The report also predicts cement demand growth to accelerate, delivering 9.4mtpa in consumption by FY 17.
While QNCD holds the largest market share of 62% and continues to be Qatar's largest cement producer with a production capacity of 4.4mtpa, the report also predicts that the other big player - Al Khalij Cement (with 1.8mtpa clinker capacity and 2.7mta cement production) has begun to capture the market share of QNCD in FY13.
9th Middle East CemenTrade that opens on 28-29 October, 2014 in Dubai spotlights on the Qatar's cement market via sessions on 'Perspectives on Qatar's Construction Boom & New Entrants Strategy' by Mr. Andrew Jones, Partner at Dentons & Co. and 'Cement Outlook & Growth for Qatar, Kuwait & Bahrain' by Mr. Hettish Karmani, Senior Financial Analyst, Research & Publication at Global Investment House.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
