The international construction market output will reach just under US$ 13 trillion by 2022, according to research produced by GlobalData. The study predicts that output will increase by 3.6% per year for the next five years. The figure of $13 trillion represents an increase of almost 20% from the $10.8 trillion output produced in 2017. The report predicts that growth in emerging markets will remain in excess of that in advanced economies over the forecast period. The two regions expected to grow the fastest are the Middle East and Africa, with average growth of 6.4%. In the Middle East, large-scale investment in infrastructure projects, mostly related to transport, will be a key driving force. Qatar's construction industry will remain one of the fastest growing in the world, driven by a number of multi-billion dollar infrastructure development projects, as well as preparations for the FIFA 2022 World Cup.
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