Qatar Logistics and Warehousing Market Driven by Expanding Industrial Activities and Growing E-commerce: Ken Research

Qatar Logistics and Warehousing Market Driven by Expanding Industrial Activities and Growing E-commerce: Ken Research

PR Newswire

GURUGRAM, India, April 2, 2019

•  There is fast paced development of infrastructure and construction sector owing to the FIFA cup that is to be held in Qatar in 2022

•  Qatar is planning to make itself a regional logistics hub in the Middle East. This will help achieve self-sufficiency, attract investors, and strengthen economic ties with rest of world

GURUGRAM, India, April 2, 2019 /PRNewswire/ --

Upgrading Infrastructure: The country is expected to focus on upgrading its logistics infrastructure especially in the seaports, constructing regional and international logistics service centers, improving the efficiency of connection between Qatar and other countries, thereby becoming a modern logistics hub in near future.

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Port Development: The ports authority is planning to convert available areas into additional container storage areas to cater to the growing demand.  They are also investing heavily in the development of ports and other logistic areas. The ports authority has also acquired additional lands to build special economic zones in the southern part of the country.

The Logistics Area Project: The logistics area project with an investment of USD 8.2 Billion is one of the largest projects undertaken by the Qatari Government to improve their infrastructure and to make Qatar a logistics hub. This project is strategically located close to the Hamad Port, Mesaieed Industrial Port and the Orbital highway thus having a positive impact on the overall logistics and warehousing market in the future.

Growth Drivers: The market will be driven by expanding industrial activities, growing E-commerce and automotive industry, upcoming infrastructure in the country & continuous investment by the government in development of logistics infrastructure.

Analysts at Ken Research in their latest publication titled "Qatar Logistics and Warehousing Market Outlook to 2023 – By Sea, Land, Air Freight Forwarding; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing; By Express Logistics and E-commerce Logistics" believe that increase in infrastructure coupled with the development and construction owing to the FIFA cup that is to be held in Qatar in 2022 will be the major drivers of growth in the market. The market is expected to register a positive CAGR of 16.4% in terms of revenue during the forecast period 2019E-2023E.

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For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/qatar-logistis-warehousing-market/189101-100.html

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