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 …
Influence of Chinese power firms continue
“When it comes to winning work in the Middle East and North Africa (Mena) region, however, CGGC, in partnership with local contractors, has so far been awarded only a few …
Signs of trouble ahead for Dubai’s construction market
“Key indicators point to a potential crash looming in Dubai’s projects sector, with significant consequences for the regional market” “Taken in isolation, anecdotal evidence of a market slowdown should be …
GCC contracting sees signs of a shake-up
“Regional governments need to find investors to help fund their projects as well as contractors to build them” “Expenditure cuts have led to delayed payments, vigorously contested claims and – …
Dubai’s Expo 2020 pavilions offer opportunities for contractors
“While focus is on key infrastructure for the event, the 170-plus international participants present both opportunities and challenges” “Visitors to the UAE would be hard pressed to find anyone who …
Revival in Saudi Arabia’s projects market critical to entire region
“All eyes are on the kingdom’s projects market as it seeks to improve on a challenging couple of years” “Over the past two years, there is no regional projects market …
North Africa is a challenging market with huge potential
“The combined value of all projects planned or under way in the five North African countries is about $739bn” “Without the advantages of widespread, low-cost hydrocarbons reserves to underpin public …
Dubai market sets example for the rest of the region
“After a subdued 2017, the supply chain is hoping that rising oil prices will allow the backlog of regional projects to be delivered” “The final figures for GCC contract awards …