-
Sector Analysis
GCC Construction Outlook 2022 – Opportunities and Challenges in GCC Construction – MEED Insights
After six challenging years for the GCC construction industry, contractors, consultants and suppliers can at last look forward to a return to growth and the prospect of rising project opportunities in 2022. With some $1.4tn worth on construction and transport projects planned in the GCC that have yet to see their main contracts awarded, the pipeline of future project opportunities is vast, with Saudi Arabia (63 per cent) and the UAE (21.5 per cent) accounting for nearly 85 per cent...
-
Sector Analysis
Egypt Projects, H1 2022 – Outlook of Major Projects in Egypt – MEED Insights
Egypt Projects Market Report Overview The project market size in Egypt was valued at $18.4 billion in 2021. Egypt was the fourth largest projects market in the MENA region. The largest single sector has historically been construction followed by transport and power. Egypt's macroeconomic environment has remained resilient in the aftermath of the Covid-19 shock, although long-standing issues remain. In recent years, macroeconomic reforms have helped to stabilize the economy, allowing the government to enter the Covid-19 crisis and recovery...
-
Sector Analysis
Qatar Projects, H1 2022 – Outlook of Major Projects in Qatar – MEED Insights
Project market awards and Outlook The news is pretty much all positive in Qatar’s projects market, which is currently a rising regional star thanks to the country’s upswell in activity over the past 12 months. This was led by the $13bn award in early 2021 for the construction contract on the new LNG processing trains at the all-important North Field development to France’s Technip Energies and Japan’s Chiyoda. All in all, the value of projects under execution in Qatar grew...
-
Sector Analysis
Kuwait Projects, H1 2022 – Outlook of Major Projects in Kuwait – MEED Insights
Kuwait has more than $204bn in projects planned or underway and is the MENA region’s sixth-biggest projects market after Saudi Arabia, UAE, Egypt, Iraq, and Iran. It is one of the Middle East’s most creditworthy economies, presenting many opportunities for local, regional, and international businesses. It is a high-income and asset-rich economy with oil reserves for about 100 years and substantial gas assets. However, the largest proportion of the projects remains tied up in the study or design phase. The...
-
Sector Analysis
Oman Projects, H1 2022 – Outlook of Major Projects in Oman – MEED Insights
Oman Projects Market Report Overview Oman has $199.2 billion worth of projects planned or underway currently, making it the eighth largest in the MENA region. The performance of future projects will hinge more than ever on foreign investment in its major industrial hubs in Sohar, Duqm, and Salalah. Chinese investment in particular will be key as part of its Belt and Road Initiative to benefit from Oman’s position on the main East-West shipping axis. The Oman projects market research report...
-
Sector Analysis
Iraq Projects, H1 2022 – Outlook of Major Projects in Iraq – MEED Insights
Political and economic climate Iraq’s fifth national election since the US invasion in 2003 marked a shift in power for the country, with Shia cleric Muqtada al-Sadr’s Sairoon Alliance winning significantly more seats in October 2021 than any other party. The election results are unlikely to improve security or political situation, however. Low participation in the election reflected the disillusionment of many Iraqis in the existing political system and the political class that holds the power. Despite the uncertainty, Iraq’s...
-
Sector Analysis
Bahrain Projects, H1 2022 – Outlook of Major Projects in Bahrain – MEED Insights
Bahrain Projects Market Report Overview Bahrain has $54.3 billion worth of projects planned or underway, making it the 11th largest in the MENA region. The performance of future projects will grow with the improvement in economic activity, the strong performance of non-oil sectors, and increased investor confidence. The Bahrain projects market research report offers a comprehensive analysis of the projects from various sectors. The report also covers the insights on estimates pertaining to the revenue and expenditure incurred on various...
-
Sector Analysis
Saudi Arabia Projects, H1 2022 – Outlook of Major Projects in Saudi Arabia – MEED Insights
Private Sector participation (PSP) Law and Public-private partnership (PPP) Saudi Arabia’s privatisation drive is poised to advance further in 2022, driven by legislative support from Riyadh and its appetite to work more closely with the private sector. The kingdom’s push for PPPs in recent years forms part of its wider strategy to modernise state-owned assets and attract international investors in order to de-risk government spending. Riyadh expects its long-term growth ambitions will attract investors towards its PPP schemes, and has...
-
Sector Analysis
Maghreb (Algeria, Morocco and Tunisia) Projects, H1 2022 – Outlook of Major Projects in Maghreb – MEED Insights
Maghreb Projects Market Report Overview Maghreb has $237.5 billion worth of projects planned or underway currently. However, doing business in Maghreb comes with many challenges. Fiscal adjustment, reform policies, and cuts in project spending due to the ongoing Covid-19 are expected to limit the growth in contract awards in the short term. The Maghreb projects market research report offers a comprehensive analysis of the projects from various sectors. The report also covers the insights on estimates pertaining to the revenue...
-
Sector Analysis
United Arab Emirates (UAE) Projects, H1 2022 – Outlook of Major Projects in United Arab Emirates – MEED Insights
UAE Projects Market Report Overview UAE has $654.6 billion worth of projects planned or underway currently, making it the second largest in the MENA region. Though the Dubai expo also did some magic in giving a boost to the tourism sector, the overall market will depend on the resurgence of key sectors such as oil and gas, construction, and transport in 2022. The UAE projects market research report offers a comprehensive analysis of the projects from various sectors. The report...