Business

Qatar’s Elevators and Escalators Market Set for Significant Growth

Qatar is set to experience significant growth in its elevators and escalators market, with a projected CAGR of 4.29% from 2023 to 2029. The number of units is expected to increase from 1.09 thousand units in 2023 to 1.4 thousand units in 2029. This growth is attributed to the country’s focus on infrastructure development, particularly in preparation for major sporting events like the FIFA World Cup in 2022 and the AFC Asian Cup 2023.

With the aim of becoming a prominent sports destination, Qatar has been actively investing in infrastructure to accommodate the influx of tourists and effectively manage large crowds. Projects aligned with the Qatar National Vision 2030, such as the Qatar Integrated Rail, the New Port Project, and the expansion of the Hamad International Airport, are key contributors to the growth of the elevator and escalator market in the country.

Furthermore, strategic partnerships in the technology sector are also shaping Qatar’s development. Mannai – Microsoft Solutions, in collaboration with Wizard Cyber, has introduced enhanced cybersecurity services and solutions to businesses and organizations in Qatar, Oman, Bahrain, and Kuwait. This partnership aims to provide modern SOC services through the unique Sentinel CyberShield platform, powered by Microsoft Sentinel, in Qatar’s Microsoft data center.

In line with efforts to improve accessibility, the Accessible Qatar initiative by Sasol seeks to provide accurate and instant information about the accessibility levels of public and tourist places in the State of Qatar. This initiative, accessible through a smartphone app and a website, offers reliable data curated by experts and user reviews and ratings. The goal is to empower individuals with disabilities and tourists to confidently explore and enjoy Qatar while encouraging establishments to make necessary adjustments for inclusivity.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *