Qatar`s Transportation market size reaches USD 9.9 Billion


Qatar Chamber announced the governments substantial transport sector investment has led the country to second position in the region for logistics efficiency.

Qatar's strategic location in the heart of the Middle East grants it access to key markets which, in turn values its market share at QAR 36 billion (USD 9.9 billion). Significantly, the global logistics market was valued at QAR 29.1 trillion (USD 8 trillion) in 2022 and is expected to reach around QAR 65.5 trillion (USD 18 trillion) by 2030. These figures indicate a Compound Annual Growth Rate (CAGR) of 10.7% from 2023 to 2030.

With over 2 billion residents living within the 3,000 kilometres of Qatar, the country benefits from easy access to Hamad International Airport and the globally acclaimed Hamad Port, strategically located near free zones which cater to various industries.

Moreover, Hamad Port boasts the world's deepest artificial basin and has established over 15 direct shipping lines, connecting it to 40 ports across three continents. Additionally, with an annual capacity of 7 million tonnes, the versatile facility handles 1 million tonnes of grain, substantial livestock and accommodates the shipment of 500,000 cars. As a result of its many attributes, Hamad Port attracts the world's largest shipping companies owing to its modern fleet and advanced technological systems that provide high-quality maritime services to all vessels.

In addition and also hugely contributing to Qatars transportation sector is aviation. Hamad International Airport handles more than 220 thousand flights annually, facilitating the carriage of over 35 million passengers and 2 million tons of cargo to 54 destinations worldwide. Such figures highlight Qatar's key initiatives, which fully align with the GCC regions logistics and warehousing market. As a result, when considering these incredibly promising statistics there are many potential investment opportunities for foreign investors.

Business Start Up Qatar offers a network of experts and specialists within the lifecycle of a business. We can offer expertise in Market Research and Assessment Qatar, Qatar Business Case, Qatar Business Model Development, Feasibility Study and Business Plan Qatar, Organizational and Operational Structuring Qatar, Qatar Sponsorship and Partnership, Company Formation Qatar among others.

Please click on the link to learn more about opportunities and possibilities in the State of Qatar as well as the initiatives of Business Start Up Qatar.

Other News

BSUQ News 42 - Thumb

Qatar’s population hits 3 million as imports and exports rise

Qatars population reached the three million mark in January 2024, according to information released by the country`s Planning and Statistics Authority (PSA).

The exact population was recorded as 3,118,000,...

Read more
BSUQ News 41 - Thumb

Moody’s upgrades Qatar’s credit rating to AA2

Qatar`s credit rating has been upgraded to AA2 by Moody’s, who also revised the States outlook to stable based on Qatar’s positive financial metrics from 2021 to 2023.

Additionally, [the trusted...

Read more
BSUQ News 40 - Thumb

Qatar committed to protecting personal data in age of AI

Qatar Financial Centre (QFC) recently organised a seminar entitled “Data Protection in the Age of AI” which coincided with International Data Privacy Day.

The event was held in collaboration with...

Read more
BSUQ News 39 - Thumb

Qatar launches 2024 - 2030 National Development Strategy

Qatar`s cabinet recently approved the draft third National Development Strategy (NDS3) for 2024 -2030. The strategy, which closely aligns with the goals of the Qatar National Vision 2030, aims to to transform...

Read more
BSUQ News 38 - Thumb

Qatar’s tech sector boosts dynamic digital economy

Qatar is positioning itself as a central technological hub by connecting global stakeholders in advanced technology, artificial intelligence, entrepreneurship and innovation.

In a recent panel discussion...

Read more
BSUQ News 37  - Thumb

Invest Qatar launches Ai.SHA an AI GPT powered chatbot

Qatar`s Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered assistant harnessing GPT capabilities.

This groundbreaking initiative...

Read more
BSUQ News 35 - Thumb

Qatar Tourism lines up events alongside Asian Football Cup

Qatar is ready to welcome the world again as host of the AFC Asian Cup 2023. The much awaited event will be held from January 12 - February 10, 2024. Kick-Off coincides with various festivals and events...

Read more
BSUQ News 34 - Thumb

Qatar announces 2024 budget based on lower oil price assumption

Qatar recently approved its 2024 budget with revenue estimated to decrease 11.4% due to lower oil prices. The new budget aligns with the States plans to achieve economic diversification within the framework...

Read more

Page Break