The Al -Asmakh Real Estate Projects report said: The real estate sector has benefited from the significant improvement in infrastructure, especially with regard to new transport facilities, and the development of infrastructure from roads and bridges.
The report indicated that in addition to this, the projects and facilities of the sustainable development transport sector, such as Hamad International Airport and its expansion, Hamad Port, and the old Doha port, and the development of roads, bridges and spending, accompanied with the integrated network of public transport that contains metro services, tram and buses, have become the primary engine for the growth of the real estate sector, and these projects contributed to the recovery of the retail and hospitality sector, and this was reflected positively on the recovery of operations Real estate construction, by taking advantage of expansion projects in the hotel sector to increase the capacity of the hospitality sector, in addition to benefiting from projects to establish commercial complexes.
The report said: The hospitality sector developers continue their plans to build facilities that are consistent with the Qatari interest in developing the tourism and hotels sector, amid the state’s endeavor to enhance tourism revenues and improve the quality of service provided in hotels, to attract increasing numbers of visitors and tourists coming from different countries of the world.
He added: These strategic projects have caused a major boom in the hospitality sector in Qatar and an excellent qualitative shift in it, and expectations indicate that the number of hotel rooms increased during the next year.
The report pointed out that the retail real estate market in Qatar has witnessed a significant growth in the areas during the past two years with approximately 20 percent with the opening of the huge commercial markets, such as the “Plus Vandum” mall in the city of Lusail, in addition to the completion of the “Doha Mall” work in the Musimir area, which contributed to the doubling of the leased total areas, along with the huge commercial centers in different regions of Qatar.
The report also explained: Qatar is currently working to diversify the sources of GDP through various sectors, including the construction and real estate sector, which will create great accompanying projects that help enhance the growth of the service sector and provide new opportunities from projects and work.
