Based on the 2022 World Cup in Qatar, the Qatari government plans to invest $208 billion in infrastructure development from 2013 to 2018. In 2014, the Qatari government is expected to spend nearly $50 billion on investment in construction projects, up 15% from the same period in 2013.
Qatar's annual cement demand is expected to double to 9.4 million tons by 2017 as the Qatari government increases spending on infrastructure.
In order to benefit from the soaring demand in the future, Qatar's cement companies are expanding their production capacity. Among them, Salem bin Butti Al Naimi, chairman and general manager of Qatar National Cement Company (QNCC), said that QNCC now has the ability to meet domestic cement demand. In addition, QNCC plans to increase its daily cement production capacity by 18000 tons and daily clinker production capacity by 16000 tons.
"Given Qatar's huge future demand for cement, Qatar plans to treat today's excess cement as a regulatory reserve and not export it," Al Naimi said.
In addition, if domestic production capacity can not meet the soaring demand, Qatar will also meet it through imports. Among them, Saudi Arabia and the United Arab Emirates are Qatar's preferred destination importers. Qatar will also import cement from India, China, Egypt and Yemen.
Dubai-based financial services firm Arqaam Capital said in its report: According to a recent survey released by Qatar's Ministry of Development Planning, Qatar's limestone demand is expected to increase by 131% in 2014 and 127% in 2015. Qatar's production capacity and demand will be balanced.
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