Construction Reports

GCC Oil & Gas Overview - April 2022

Title: GCC Oil & Gas Overview - April 2022
Published on: 18-05-2022 Price: $1000.00
Excerpt:

In spite of efforts towards economic diversification by the GCC countries, the oil and gas sector will continue to remain an important and significant part of each of the GCC country’s agenda as it is central to the supply of energy in the coming decades. The GCC oil and gas construction market is expected to fare much better in 2022 and 2023. The GCC countries will also continue to increase their oil production capacity in a bid to secure a bigger share of a shrinking oil market post-2050. Currently, gas is likely to remain a high priority in the GCC, but one that will have to adjust to shifting internal and external conditions. The GCC oil and gas market is anticipated to witness massive growth led by KSA, the UAE and Qatar.

The Ventures Onsite report provides insights on the contractor awards, construction spend, opportunity matrix and major projects for the oil and gas construction market for each GCC country in 2022.

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