In the State of Qatar, it’s mainly the industrial production rate which is the criteria for analyzing the outcome of businesses embedded in the industrial sector. Along with crude petroleum and natural gas, mining is the topmost industry which holds 83.6 of total production. Manufacturing holds for 15.2 percent within chemicals and chemical products account for 10.4 percent, refined petroleum products for 2.1 percent while basic metals for 1.6 percent.
Natural Gas and Petroleum are the main assets contributing to the country's economy; more than 70 percent of government revenue comes from these two, with over 60 percent of GDP, and approximately 85 percent of export earnings. Qatar is 2nd largest exporter of natural gas and the third-largest proven natural gas reserve and now becoming the real estate heaven for the buyers.
Qatar is considered to be a project base country if you recall your memories of 2006 when the stage was set for the Asian games. That period was known as the revolutionary period of Qatar’s real estate market where the industrial property value was increased by more than 100% to 150%, wasn’t that an amazing fact check? Indeed! It was a great era that opened new horizons for potential investors.
Now that FIFA is about to take place, the industrial property starts escalating and the same growth rate can be seen in the market. Qatar’s industrial market is getting a good response from foreign investors as compared to their neighboring countries.
The Government is planning hard to save the property market from a dramatic drop, the major industrial infrastructure has been formed and some developments are going on. The investors know the fact that the government is adopting alternative solutions and resources to maneuver the market up by keeping the wheeling rolls.
Legal Enhancements
The industrial infrastructure is backed by a string of legal facilities and awareness campaigns are there to lure potential investors. Qatar is forecasting a major trend in industrial property investment in the upcoming years.Invitation for All
The Qatari government has been calling the investors from around the globe to build industries like:- Pharmaceuticals
- Hotels & Resorts
- Beach Resorts
- Automotive Industries
- Food & Packaging industry
- Aviation industry
The ministry of industries has also urged the investors to invest in the new economic zones of Qatar; the cargo terminal port is one of the attractions for investors where they can set up industrial & residential facilities.
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