Qatar’s contract awards rise 76.1% to $5.2bn in Q3
<p>Doha, Qatar: Qatar’s total value of awarded contracts surged 76.1 percent quarter-on-quarter to $5.2bn in the third quarter (Q3) of 2026, signalling a recovery in project-awarding activity.</p> <p>Meanwhile the value of contracts awarded remained 62.6 percent lower year-on-year compared with $13.9bn in the third quarter of 2025, according to a report by Kamco Invest Research, citing data from…
Doha, Qatar: Contract awards in Qatar increased by 76.1% to $5.2bn in Q3 2026, indicating a rebound in project-awarding activity, according to Kamco Invest Research. Despite this rise, the value of contracts awarded fell 62.6% year-on-year, with the total amount in the third quarter of 2025 standing at $13.9bn, as reported by MEED Projects.
The quarterly growth suggests a revival in contract-awarding activity following the previous quarter, though the annual comparison underscores the disparity between present activity and the levels observed in 2025. The decline in year-on-year contract awards was largely due to a lack of awards in four out of eight sectors tracked during the period, namely chemicals, gas, industrial, and power.
The oil sector led contract-awarding activity in Q3 2026, with projects valued at about $5bn, while the construction sector was the second-largest, with an aggregate award value of $137M. The concentration of project awards in the oil sector resulted in its substantial contribution to the total contract value. Meanwhile, the water sector experienced significant growth during the quarter, with contract values rising 220% year-on-year to $32m, compared to $10m in Q3 2025.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
