GCC Construction Market - November 2021

The GCC construction market is expected to bounce back in 2022 given the government stimulus spending aimed at economic recovery impacted by fluctuations in oil prices and Covid-19 pandemic. Housing, healthcare, infrastructure, and education projects are likely to keep the building construction sector busy with a robust pipeline of projects in design and tender stage in addition to active master development schemes. For the GCC construction industry, PPP contracts are anticipated to increase significantly as it is the most popular and lucrative model for economic growth and job creation given the current scenario. Oil & Gas and Power and Water sectors too have a healthy projects pipeline.

The 10-page GCC construction report covers analysis of the sectors such as the building, infrastructure, oil and gas, industrial, and power and water along with major projects.