The project concept is based on establishing a factory that manufactures gypsum boards in various sizes, tailored to customer needs. Gypsum boards are easy to disassemble and install, highly durable, fire- and moisture-resistant, and reasonably priced; therefore, demand for them is increasing day by day. The gypsum board factory project targets the construction and contracting sectors, among others, and Mashroo3k Consulting expects the project to generate high profits and financial returns.
In 2021, the global gypsum board market size reached USD 37.42 billion and is expected to reach USD 88.44 billion by 2029, registering a CAGR of 11.35% during the forecast period.
Mashroo3k Consulting confirms that the gypsum board factory project will be highly successful, especially with the tremendous boom witnessed by the construction sector in Qatar and the massive infrastructure projects underway. Mashroo3k presents the most prominent indicators of the construction sector, according to official Qatari statistics:
The number of establishments operating in the sector is 5,599 establishments.
The number of workers in the sector is 712,621 workers.
_ Compensation for workers in the sector: 28.6 billion Qatari riyals.
The sector’s production value is 99.5 billion Qatari riyals.
The net added value of the sector is 49.8 billion Qatari riyals.
The sector’s net added value is increasing at an average annual growth rate of 14%.
The average annual growth rate of establishments operating in the sector is 10%.
