Qatar: Third fastest growing construction market in the world

Qatar: Third fastest growing construction market in the world

Qatar will be among the top five fastest-growing construction markets globally over the next five years, according to BMI Research.

The Gulf country ranks third in the list which is topped by Myanmar with Ethiopia second and Pakistan and the Philippines in fourth and fifth respectively.

All five will record double-digit growth as their respective governments work to tackle significant infrastructure needs, BMI Research said in its outlook for the global construction industry.

The rapid expansion these markets will enjoy will be attractive to firms looking for new avenues of growth, offsetting the generally higher-than-average operational risk, the report says.

Read the full article on Construction Business News.