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MEED Report: Top GCC Oil & Gas Projects

Top GCC Oil & Gas Projects

In 2025, the GCC awarded more than $48.5bn in oil and gas contracts, down 26% from the 2024 record of $66bn. This decline largely reflects geopolitical uncertainty and oil price volatility, which have tempered near-term spending, even as long-term investment plans remain strong.

GCC Oil & Gas Projects Pipeline – 2026

The GCC outlook remains highly promising, with more than $234.3bn in oil & gas projects in the pipeline, reinforcing its position as a key engine of energy-sector growth and a hub for investment and technical expertise.

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MEED is the world’s leading source of Middle East business intelligence. Established in 1957, MEED has been integral to delivering business information and news, intelligence and analysis on the Middle East economies and activities ever since.

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