Construction Reports

GCC Buildings & Infrastructure Construction – Nov 2017

Title: GCC Buildings & Infrastructure Construction – Nov 2017
Published on: 12-11-2017 Price: $1000.00
Excerpt:

A new World Bank report projects growth in the GCC countries will gradually recover from 1.3% in 2017 to 2.6% in 2019. With oil prices expected to stabilise at close to current levels, the pace of fiscal austerity slowing and with major reforms planned in the region, spending and sentiment in the non-oil sector are expected to slowly lift. This is evident in GCC economies retaining spending on key sectors such as hospitality to promote tourism, education, affordable housing, infrastructure and healthcare.

The outlook for the GCC building and infrastructure construction market remains relatively positive. The region has large needs due to a young and growing local population and a requisite requirement to continue a rapid diversification away from oil. Also, PPPs will ease fund strain for GCC infrastructure and building projects. For 2017 and 2018, the UAE is expected to be the bright point among the GCC countries.

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