With huge construction needs in preparation for the 2022 FIFA World Cup, Qatar is expected to emerge as a key growing power rental market in the Middle East, according to a report from 6Wresearch. The report adds that with Qatar’s rising transportation network, surging investments, rising hospitality sector and changing economic reforms, the power rental market in Qatar will grow at a compound annual growth rate of 23.3 percent between 2014 and 2020.
With more than $200 billion to be invested across various applications for the upcoming World Cup, there is tremendous potential for equipment rental in Qatar, especially generators. Key developments will include the building of nine new stadiums, the renovation of three existing stadiums, the Doha Metro Rail, establishment of Lusail City, expressways, hotels and other facilities.
In Qatar’s power rental market, diesel gensets account for the majority of the market share, while gas-based genset have a share as well. As a natural gas-rich country, there is much potential for natural gas-powered units.
RSS, JTC, Byrne Investments, Hertz, Aggreko, Qatar Building Co., Al Reyami and Qatar Industrial Equipment are key players in the Qatar power rental market, the report said.