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Explore the vast potential of the GCC construction industry with our GCC Construction Industry Reports. As a region known for its robust infrastructure projects and thriving construction markets, the GCC offers lucrative opportunities for investors and businesses alike.
These Micro Construction Reports, authored by industry experts, provide in-depth analysis of the construction markets across the GCC region, covering key sectors such as infrastructure, power and water, healthcare, oil and gas, and hotel and entertainment.
We provide evaluations of current market forecasts, empowering you with valuable insights to make informed decisions. Whether you’re an industry professional or an enthusiastic observer, our reports are your gateway to unlimited access to the latest trends, projections, and opportunities within the GCC construction industry. Take a step towards maximizing your potential and download our reports today.
The Kingdom of Saudi Arabia’s construction industry is pivotal to the Vision 2030 initiative, focusing on transforming the nation’s economic landscape.
With significant government investments and various high-profile projects, the sector is dynamic and competitive, involving major domestic and international players. This industry is crucial for economic growth, job creation, and local expertise development.
The International Monetary Fund (IMF) anticipates strong economic performance among the six Gulf Cooperation Council states in 2022, with Kuwait set to lead the pack at 8.2%. Other countries are expected to experience growth as well- Saudi Arabia and Oman 7.6% and 5.6%, respectively – though UAE, Qatar, and Bahrain’s numbers may not be quite so buoyant this year by comparison on 4.2%, 3.4%, and 3/3%. Many of these nations have suffered fiscal deficits over recent times; however through collective efforts they aim to reestablish their financial reserves going into next year.
The power and water sector continues to be the pillar of growth for the GCC economies, driven by an exponential population boom.
With the rapid urbanization, industrialization, and a growing population driving demand, the market is characterized by significant investments in renewable energy, innovative technologies, and efficient water management solutions.
The GCC nations have recognized the importance of expanding and diversifying their healthcare sector, shifting its focus from reactive to preventive care in response to COVID-19. To enhance access to necessary medical services, these countries are actively working with the private industry towards increasing available healthcare centers.
The GCC oil and gas market stands as a cornerstone of the global energy landscape, driven by the region’s significant reserves and strategic position in the industry.
With a pivotal role in global energy supply chains, the GCC oil and gas market not only influences regional economies but also plays a crucial role in shaping global energy policies and market dynamics.
Most GCC governments are taking action and are investing heavily in developing the hospitality and entertainment sector. The GCC countries’ ambitious plans for diversifying their economies away from oil and gas are gaining pace and tourism is a key focal point, due in part to recognition of its role as a vital industry for driving growth.
Active building projects in the MEA region
Projects tracked in the UAE
Worth of active building projects in the MEA region
