- UrbaCon is preparing for a slowdown in Qatars construction sector
- It is focusing on sectors that it believes will remain active after the 2022 World Cup
- These include facility management and hospitality
Qatars construction sector will see a slowdown in the wake of the planned 2022 Fifa World Cup, according to CEO of one of the countrys biggest contractors, Urbacon (UCC).
Qatars construction market is very good and over the next seven or eight years there will be plenty of opportunities, said UCC CEO Moutaz al-Khayyat in an interview with MEED.
We know that in the future the construction sector will not be as it is today and we have planned for that.
Moutaz said that his companies are currently focusing on sectors in Qatar that he believed would remain active after the 2022 World Cup.
These include facility management and hospitality.
He also said that he was looking at construction projects outside Qatar in markets that include Morocco, Oman and Saudi Arabia.
UCC was founded in Qatar in 2010 and rapidly grew into one of the largest construction and trading companies in the country.
As well as being the CEO of UrbaCon, Moutaz al-Khayyat is also the chairman of its sister company Al-Khayyat Contracting and Trading (KCT).