Doha: The organiser of IQ Exhibition, the first Qatar interior design exhibition taking place in Doha in February 2015, yesterday announced the findings from the latest Ventures Middle East Report on Qatar Building Construction and Interiors Update.
“As the country gears up for the World Cup 2022 event, the current focus is on building up the necessary infrastructure including roads, rail and metro works, ports and airports, but there is a spillover effect on the building construction sector too”, said Ashley Roberts, Event Director, IQ exhibition. “This is also likely to translate into large opportunities for the Qatar interiors and fit outs market encompassing internal wood works, soft and hard furnishings, lighting, partitions, flooring, kitchens and bathroom fittings which constitutes approximately 10 to 20 percent of the average construction project value. The IQ exhibition will bring all these sectors together for three days and industry professionals looking for products and solutions for their projects will — for the first time in Qatar — be able to find everything they need within the same exhibition space”.
Commenting on the findings of the study, John Mibu, Research Director, Ventures Middle East, said: “Qatar building contractor awards for 2014 is expected to hit $14bn, an increase of over 20 percent compared to 2013 building contractor awards. The percentage is expected to increase even higher in 2015 as per the current projects schedule. All these will translate to higher interior spending in the next couple of years”. The Peninsula
