Deloitte: Are you ready for the GCC Construction recovery in 2014?
Type
E-journal
Date
13 May 2014
Jurisdiction
Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates
Taxonomy
Building Inspectors & Regulations, Government Construction Strategy, Infrastructure Projects, General Transport Law
Copyright
LexisNexis
Relevant company
Deloitte & Touche (M.E.)
Analysis
Deloitte Middle East has published its annual “GCC Powers of Construction: Are you ready for the recovery?” report, looking at sectorial opportunities for 2014 and further ahead. The report suggests it seems like government-led initiatives will continue to drive growth in the region's construction sector as regional governments continue to focus on social infrastructure projects. The rail industry alone in the GCC could create 50,000 jobs with most nations creating or upgrading their rail networks. These consist of the multi-nation interconnected railway network along with metro and tram projects of which there are many, including the Riyadh Metro project, Etihad Rail, Qatar Rail and the Dubai metro upgrades.