DOHA: Construction works maintained its pace and was not affected by ramifications of the siege despite closure of sea, air, and land ports. It quickly overcame the crisis that threatened the flow of real estate sector imports, including raw materials and other related items.”
“Since the early days of the siege, the construction sector received greater attention from decision makers as part of the procedures, plans, and alternative strategies under taken by the government to avert the crisis,” the report continued.
SAK’s Market Watch Office also applauded concerned authorities in charge of Qatar’s real estate portfolio for their sustained policy in injecting liquidity to finance infrastructure investments.
“This boosted confidence in the real estate sector, enabling it to maintain its desirability by a large segment of local and foreign investors who are looking for promising investments opportunities,” the report said.
This, according to the report, was in parallel to the property market’s “traditional position for savers and small investors who see real estate investment as a safe haven protecting their assets and money, which justifies the increase in the percentage of building permits.”
Citing figures released by the Ministry of Development Planning and Statistics, the report said the number of building permits issued increased by 34% in January 2018 compared to the previous month.
QNB’s brand value rises nearly 20% year-on-year to $6.03 billion in 2020
QNB’s brand value has risen nearly 20% year-on-year to $6.03bn in 2020, putting it in a strong position to continue...
