GCC INDUSTRY REPORT

Market Insights on GCC Industry Themes and Trends

GCC Construction Market

GCC Construction Market

Will the GCC construction market bounce back in 2022? Governments have been spending to help 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.

*Please note this is a sample report

GCC Healthcare Market

GCC Healthcare Market

The healthcare sector is emerging quickly as a priority for GCC countries who are working hard to diversify their economies away from a reliance on oil production. The healthcare sector has undergone a radical shift from curative to preventive care in the wake of the Covid-19 pandemic and this has resulted in the GCC countries encouraging the private sector to share the load in boosting the number of healthcare centres.

*Please note this is a sample report

GCC Hotel And Entertainment Market

GCC Hotel And Entertainment Market

Billions of dollars are also being spent across the entire GCC as the countries, and the pipeline of new hotels in the GCC shows no sign of slowing down. The race continues in setting up tourism infrastructure such as hotels and resorts, entertainment parks or new adventure activities. New hotel developments in prime tourism destinations in many parts of the GCC countries, notably KSA, Qatar, Oman and the UAE, remains substantial even by global standards.

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GCC Macroeconomic Indicators

GCC Macroeconomic Indicators

The International Monetary Fund (IMF), in its World Economic Outlook for April 2022, projected that among the six GCC countries; Kuwait is predicted to have the highest GDP growth in 2022, at 8.2%, followed by Saudi Arabia (KSA) (7.6%). Oman at 5.6% is third, and is above the UAE (4.2%), Qatar (3.4%) and Bahrain (3.3%). Following several years of having fiscal deficits, the GCC countries will rebuild their buffers in 2022.

*Please note this is a sample report

GCC Oil & Gas Market

GCC Oil And Gas Market

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 and 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.

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GCC Power And Water Market

GCC Power And Water Market

The power and water sector continues to be the pillar of growth for the GCC economies as their demand continues to grow at a fast pace due to a rise in population. Currently, as the pandemic eases with the introduction of the vaccine, and mobility increases, there is a rebound in economic activity. As the GCC governments attend to huge financing needs due to the Covid-19 pandemic, the private sector is expected to play a heightened role in meeting the increased demand in power and water.

*Please note this is a sample report

Real time market insights and leading GCC Powers of Construction

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