Qatar MEP Services Market Future Prospects
The Qatar MEP Services Market will generate USD 1,715.3 million revenue in 2024, and it is projected to witness a CAGR of 9.9% during 2024–2030, reaching USD 3,019.9 million by 2030. This is due to the significant investment in infrastructure and construction projects, which promotes the travel and hospitality sectors. Electro-Mechanical Co.W.L. L-QATAR has received a contract for mechanical, electrical, and plumbing work for an 800.75-MW solar plant, which reflects the commitment of Qatar toward renewable energy and sustainable infrastructure.
An oil-rich country that is rapidly urbanizing, Qatar is attracting a large population of migrants from around the world. This is necessitating the construction of all kinds of residential, commercial and institutional infrastructure, which, in turn, propels the demand for regular MEP services.