New Market Report: Qatar Autos Report Q4 2014

This quarter, we maintain our forecast for nearly 100% growth in new vehicle sales over the 2015-2018 period, to reach more than 200,000 units sold. Our positive outlook on the Qatari market continues to be based on rising government expenditure, a growing population and increased spending on construction ahead of Qatar's hosting of the 2022 FIFA World Cup.

Qatari new vehicle sales increased 12% year-on-year (y-o-y) over H114, to 47,461 units, according to data from industry sources. Against this positive sales performance, BMI maintains its forecast of 14.8% growth in new vehicle sales for the year as a whole.

Full Report Details at
- http://www.fastmr.com/prod/872677_qatar_autos_report_q4_2014.aspx?afid=301

There remain several reasons behind our continued optimism towards the Qatari new vehicle sales market. For one, the domestic economy remains buoyant. Preliminary data released by the Qatar Statistics Authority (QSA) on June 30 show that the Qatari economy grew by 6.2% in real terms in the first quarter of 2014, marked by strong growth in construction activity and the services sector. This is in line with our view that rapid population growth and progress on the government's large-scale infrastructure programme will continue to make Qatar one of the economic outperformers of the Middle East and North Africa region over the coming years. Shortly before this data release, BMI had already revised up its 2014 GDP growth forecast, from 5.4% to 5.7%, with growth set to accelerate to 6.1% in 2015, as preparations continue for Qatar's controversial hosting of the FIFA World Cup in 2022. Looking forward, we continue to believe that the Qatari economy is set to remain a regional outperformer over the coming years, marked by strong and broad-based growth in the non-hydrocarbons sector. Both construction activity and the services sector will continue to expand at a rapid clip in the run-up to the FIFA 2022 World Cup, on the back of strong population growth and progress on the government's large-scale infrastructure programme. We caution,...

The Qatar Autos Report features the latest data and forecasts covering production, sales, imports and exports.

Business Monitor International (BMI)'s Qatar Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Qatar.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on Qatar to test other views - a key input for successful budgetary and planning in the Qatari automotives market.
* Target business opportunities and risks in the Qatari automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Qatar.
* Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.

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