New spenders set to shake up oil sector
“The upward trend in regional spending is reflected in the number of megaprojects with a value above $10bn. ” Four years on from the precipitous decline in the oil price …
Ambitious projects surge amid uncertainty
“The upward trend in regional spending is reflected in the number of megaprojects with a value above $10bn. “After Neom, which remains in the study phase, the region’s largest upcoming …
MENA Oil and Gas 2018 – An Illustration
“The GCC accounts for the lion’s share of the project pipeline, with Saudi Arabia and the UAE holding about 29 per cent, but major opportunities exist in Iran, Iraq, Oman, …
Tourism shines in the gloom of the regional projects market
“The tourism and entertainment sector in the Gulf is booming, helping to support the region’s flagging construction industry” “While other construction sector segments in the region have declined amid the …
EPC industry majors cement project lead
“The Middle East’s top international contractors rack up big wins in their order books in 2018.” “A year-on-year, 12-month comparison of contract awards shows a strong improvement in regional investment …
GCC Construction Outlook 2018 – An Illustrated Overview
“The GCC construction industry is at an important turning point. With the outlook for oil prices improving, governments are restarting much-needed infrastructure projects. They are also seeking to build momentum …
Short-term outlook for GCC projects market deteriorates
“Heading into the final quarter of 2018, it seems that the regional market has yet to recover from the damage caused by low oil prices” “As we enter the final …
Chinese firms set to play a major role in oil and gas development
“Having long been prevalent in the Middle East’s civil construction space, contractors from China are now looking to new sectors.” “In mid-July, the UAE hosted an official state visit by …
GCC projects market slumps in the first half of this year
“The IMF’s prediction that economic growth will slow in the region in 2018 has been borne out by a further drop in project awards.” “Although the slowdown may be partially …