Thursday 30 July 2015
 
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GCC construction

Global firms eye $2.8trn GCC construction market

With $2.8 trillion worth of projects planned or ongoing in the GCC countries, international firms are increasingly eyeing the construction market in the region, according to industry experts. A select group of key Chinese construc

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GCC construction sector in major growth phase

The GCC construction industry foresees growth for the next three years, encouraged by factors such as favourable macroeconomics, positive demographics, and rising tourism activities, said an industry expert. “Higher budget a

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GCC construction sector in major growth phase

The GCC construction industry foresees growth for the next three years, encouraged by factors such as favourable macroeconomics, positive demographics, and rising tourism activities, said an industry expert. “Higher budget a

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GCC construction awards seen at record $172bn this year

The value of contract awards for projects planned and under way in the GCC in 2015 is expected to reach $172 billion, the highest on record to date as the region continues to invest in infrastructure and capital projects, a report said.

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GCC projects driving tiles market to 12pc growth

The GCC tiles market is expected to grow at a compound annual growth rate of more than 10-12 per cent until 2020, driven by over 10,000 projects under construction or in the design and planning stage, a report said. The tiles mark

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GCC projects to hit record $172bn in 2015

The value of contracts placed in the GCC will rise to $172 billion in 2015 despite lower oil prices, marking a value higher than in 2014 and a new record for the region, said an industry expert. This is good news for the market wh

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GCC construction sector sees drop in confidence

While the GCC construction industry remains positive about 2015 with 77 per cent of respondents to a survey stating they were optimistic, their confidence levels have fallen by 13 per cent from last year, a report said. The drop i

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Saudi, UAE lead $1.5trn GCC projects market

Saudi Arabia and the UAE are at the forefront of the $1.5 trillion GCC construction market with projects estimated at $629 billion and $494 billion respectively, a report said. To support every sector of the industry, The Big 5, t

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Big 5 to drive $195bn GCC building market

The Big 5, the largest event for the construction industry in the Middle East, will introduce new features to help drive the estimated $195 billion worth of construction projects expected to start in the GCC over the next two years. The 20

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GCC construction boom to hit $330bn

The civil construction boom across the Arabian Gulf will reach in excess of $330 billion by the end of 2008, more than ten times the annual investment being made in the region’s cash-rich oil and gas industries, according to a new research.

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