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Tribune News Network
Doha
Qatar's real estate market has been efficiently countering the unjust siege imposed on it by some Gulf Arab countries with further growth, creation of more opportunities and new projects, according to a new report.
In its monthly report Market Watch Bureau of SAK Holding Group said,"In less than a month, Qatar has been able to counter the blockade through plans and mechanisms that enabled it to ensure continuous flow of supplies to meet the needs of the local market of various consumer and basic goods and building materials."
The report belittled the repercussions of the ongoing blockade of Qatar on the local real estate market.
"The real estate sector has proved its ability to rearrange its conditions, especially in the light of the government determination to continue the process of urban development as per plans and set timetables," the report said. It added that infrastructure development projects across Qatar, and connecting them with one another by new road network would contribute to the development of different regions and create promising new real estate opportunities.
It said trading in the property market would gradually increase in the coming months because transactions of vacant lots of land will increase as investments from the blockading countries are expected to return.
Local investors' confidence in the real estate sector will rise, thus, uplifting the index of trust in the Real Estate Sector. The report said economic diversity has kept Qatar on the map of countries that attract strategic investments. Many initiatives launched to encourage industry have been creating opportunities in real estate sector.
The single-window initiative called"Own a factory within 72 hours in Qatar"offers about 250 investment opportunities to stakeholders interested in the industrial sector in Qatar.
