Construction sector rebounds on increased economic activity
Qatar’s construction sector recorded healthy growth in the first quarter of this year as the economy prepares to host this year’s biggest sporting event. The country recorded the issuance of 2,444 construction permits during the first quarter of this year, which represents an increase of about 13% compared to the fourth quarter of 2021. During the fourth quarter of last year, which includes October, November and December, 2,159 building permits were issued according to the Planning and Statistics Authority.
Building permit data is important for measuring the economic expansion of an economy. The number of construction permits issued in the country is one of the important indicators of economic activity as it signals an expansion or contraction in the construction sector. Industry experts are watching developments in building permits closely, as any increase in emissions signals a recovery in the construction sector.
In the first quarter, March saw the highest number of building permit issuances in the first quarter. The number of building permits issued in March by municipalities in Qatar reached 988, according to data released by the Planning and Statistics Authority. February witnessed a decline as 697 building permits were issued during that month, the lowest value of the quarter. The number of construction permits issued in January by municipalities in Qatar increased by 13% to 759, compared to the previous month.
Data on building permits and construction completion certificates are considered an indicator of the performance of the construction sector which, in turn, occupies an important place in the national economy.
Despite several headwinds due to the coronavirus pandemic outbreak, Qatar’s construction sector has seen a strong rebound in 2021. No less than 9,500 building permits have been issued over the past