Project Development Company offers a comprehensive feasibility study for a marble and granite factory project in Qatar, with the highest return on investment and the best payback period. The study is based on detailed market analysis in Qatar, competitor strategies (both local and foreign), and competitive pricing offers.
The marble and granite factory targets contracting companies, real estate investment, and various construction sectors. Marble and granite are popular commodities in the field of building equipment and finishes, expressing refined taste and an aesthetically pleasing appearance.
Mashroo3k Economic Consulting Company is keen to ensure that the marble and granite factory project has the latest production lines and advanced manufacturing technology, in addition to relying on a marketing team capable of innovating creative methods to open new markets.
Products of the highest quality standards
Implementation of recognized quality standards
Compliance with approved health and safety regulations
Utilization of the latest packaging and filling technologies
Innovative management of development and marketing strategies to enhance competitive advantages
Executive summary
Study project services/products
Market Size Analysis
Risk Assessment
Technical study
Financial study
Organizational and administrative study
Given the importance of the sector, “Mashroo3k” presents below the key performance indicators of the construction and building sector in the Gulf Cooperation Council (GCC) countries:
The Gross Domestic Product (GDP) of the construction and building sector: SAR 168.75 billion
Sector’s contribution to GDP: 4.66%
Number of companies operating in the sector: 148,026
Number of employees in the sector: 3,541,977
Value of projects implemented in the sector (according to the latest statistics): SAR 311.56 billion
Saudi Arabia ranks first in the region as the largest construction market, with an annual value exceeding USD 100 billion
GDP of the construction and building sector: AED 123.95 billion
Sector’s contribution to GDP: 8.3%
Number of companies operating in the sector: 42,428
Number of employees in the sector: 1,564,095
GDP of the construction and building sector: BHD 936.79 million
Sector’s contribution to GDP: 7.7%
In 2016, the sector’s value did not exceed BHD 857 million, but it has since increased over a few years to reach BHD 945.51 million
GDP of the construction sector: OMR 1.943 billion
Sector’s contribution to GDP: 6.7%
Number of employees in the sector: 548,999
The construction sector accounts for the highest percentage of Omani workers in both public and private sectors (22.4%), and 29.6% of the total expatriate workforce in the country
GDP of the construction and building sector: KWD 838.9 million
Sector’s contribution to GDP: 2.14%
Number of companies operating in the sector: 1,502
Number of employees in the sector: 187,705
GDP of the construction and building sector: QAR 81.22 billion
Sector’s contribution to GDP: 12.1%
Number of companies in the sector: 5,629
Number of employees: 840,999
The construction and building sector accounts for over 40% of Qatar’s economically active adult population
The construction and building sector is one of the most promising sectors in the region. There is no doubt that investing in its activities will be highly rewarding in the future. The increasing population and the ongoing improvement of infrastructure across the GCC will make this sector a prime destination for investors and entrepreneurs seeking high returns with minimal hassle.
Experts expect the market to grow at a rate of 4.2% over the next three years, with market value projected to reach USD 10.5 trillion by 2023.
In 2020, the global construction output was estimated at around USD 10.7 trillion, and it is expected to grow by 42% (an increase of USD 4.5 trillion) between 2020 and 2030, reaching USD 15.2 trillion by the end of the decade.
The construction and building sector contributes approximately 13% to the global Gross Domestic Product (GDP), and this share is expected to increase to 13.5% by 2030.
According to the available statistics, infrastructure is projected to top the list of the fastest-growing subsectors within the construction and building industry, with an estimated growth rate of 4% during the period from 2020 to 2030.
