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MEED Webinar Presentation: The GCC Projects Market Outlook - Latest Updates 2025 Webinar
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The GCC Projects Market Outlook – Latest Updates 2025 presentation contains:
- Introduction and overview of the GCC Projects Market
- Data-driven historical and current performance
- Top clients and contractors
- Assessment of main market drivers
- Summary of the Saudi Giga Projects Programme
- Market overview by country and sector
- Market pipeline and outlook for 2025 and beyond
- Key trends, opportunities and challenges
- Selected major projects to watch
Preview:
The market historically has tracked the fortunes of the oil price. After oil prices fell in 2015, the market entered a slump. However, in the last two years, there has been a record level of contract awards spurred by high oil and gas investment, the Dubai real estate boom, and the Saudi giga projects programme.
Saudi Arabia and the UAE are the two largest project markets, with the former larger than the other five GCC states combined in 2024. Saudi capital spending is driven by the need to diversify the economy and develop new sectors through the construction of giga projects that will transform the kingdom.
Construction (towers, villas, hospitals, hotels, schools etc.) is the largest market sector. Oil and gas spending is cyclical, while recent years have been marked by strong growth in the power and water sectors.
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To find more free resources about GCC region, download our GCC Rail & Metro Projects Market 2025 webinar.