Cement consumption in Qatar will grow at a compound annual growth rate (CAGR) of 12% up to 2015, according to a report by Commercialbank Capital.
Qatar's current production capacity stands at 6.2Mta, Commercialbank Capital said in its first report on Qatar's construction sector. The existing demand can be met by the current production.
However, Commercialbank Capital expects consumption will be not the peak? In 2013 and 2014 as majority of the projects that are planned or under construction will be completed by 2015.
Qatari companies are likely to match this demand? which means excess requirement for cement will have to be met through imports from Saudi Arabia and the UAE.
Cement producers in Qatar are planning to further expand their capacity in preparation for the massive investment?in the country's construction sector. Majority of construction activities will be in relation to infrastructure upgrade and real estate developments, the report said.
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