Construction Opportunities in the GCC
Type
E-journal
Date
30 May 2012
Jurisdiction
Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, UK
Taxonomy
General Construction Law, Development Finance, Building Contracts
Copyright
LexisNexis
Analysis
Deloitte Middle East has published its annual construction report: “GCC Powers of Construction: Five Lessons to Learn From”. The report concludes major construction opportunities remain in Saudi Arabia, Qatar and Abu Dhabi, despite challenges and difficulties in delivering current projects. Large infrastructure projects, particularly social and transport infrastructure, will offer contractors tremendous opportunities, as will continuing upstream and downstream oil and gas related developments. However although there are massive opportunities associated with huge construction spending, the report highlights how many project sponsors still have to deal with illiquid projects and debt.
Background
The Deloitte report is produced based on data gathered from surveys and internal data, supported by interviews with some of the most prominent industry leaders from the region.