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Sector Analysis
MEED Insights: MENA Power Sector Outlook 2018 – Understanding the region’s new energy sector
With $772bn worth of power generation and transmission projects planned or underway across the Mena region, the power sector is one of the region’s most active areas of capital investment. Of this, about $409bn of power projects have been announced but not yet awarded, presenting abundant opportunities for companies with the right products and services. MEED’s Middle East & North Africa Power Sector Outlook 2018 provides a detailed assessment of the market, examining investment plans, emerging project opportunities and reviewing...
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Sector Analysis
MEED Insights: Kuwait Projects 2018 – Project spending in the low oil price era
Faced with a low-oil-price environment, Kuwait is prioritising a diversified economy through the launch of an ambitious capital spending programme exceeding $100bn. With increased private sector participation, KAPP, which has been tasked with overseeing the PPP programme, has more than $27bn-worth of projects in pipeline. Currently, Kuwait has more than $90bn projects under execution, with a further $59.9bn-worth in the study phase, and $61bn at various stages of pre-execution and due for award in the next couple of years. Track...
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Sector Analysis
MEED Insights: GCC Projects Outlook Report 2018
The market has been in freefall for more than two years. It’s never been more important for companies to have concise, accurate and comprehensive market intelligence than today. GCC Projects Outlook 2018 evaluates this new market and highlights the markets, sectors and projects presenting the best growth opportunity. It provides critical data to help you make key business decisions and inform your strategy. Using data from more than 15,000 live projects, this data-focused report assess the current and future outlook...
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Sector Analysis
MEED Insights: Bahrain Projects, H2 2018
Bahrain was the only projects market in the GCC to grow in 2017. With about $81bn worth of projects planned or underway, Bahrain is the GCC’s smallest projects market. But thanks to the ongoing Bahrain International Airport, Bapco refinery and Aluminium Bahrain (Alba) expansions, it is enjoying a strong upswing. Written by MEED, the Middle East market experts within the GlobalData Group, Bahrain is one of the region’s most creditworthy economies due to its liberal business environment, easy access to...
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Sector Analysis
MEED Insights: Egypt Projects, H2 2018
In the political turmoil that followed the 2011 revolution, Egypt’s economy struggled to regain lost momentum as investors retreated from the market and revenues from tourism and the Suez Canal fell sharply. But the launch in 2015 of the country’s new economic development plan, which included the promise of economic reforms to improve the country’s financial health and a roadmap for megaprojects aimed at stimulating growth and jobs, launched a turnaround that is now in full swing. And, with IMF...
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Sector Analysis
MEED Insights: Iran Projects, H2 2018
With more than 81 million people and some of the world’s most abundant natural resources, Iran has the potential to be an economic super power. It holds 10 percent of the world’s proven oil reserves and 15 percent of its gas reserves, and has the fifth biggest quantity of natural resources, valued in 2016 at an estimated $27.3 trillion. With about $331bn of projects planned or underway, Iran currently is the fourth biggest projects market in the Middle East and...
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Sector Analysis
MEED Insights: Iraq Projects, H2 2018
With vast oil and gas reserves, a large well-educated workforce, and about $375bn of major projects planned or underway, there is no doubting the huge potential of the Iraq market for anybody looking for new project opportunities in the Middle East. The reality however is that the country’s vast potential has been undermined for decades by war, insurrection and sanctions, leaving it facing major political, economic and capacity challenges. But an improvement in Iraq’s security situation following its “liberation” from...
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Sector Analysis
MEED Insights: Kuwait Projects, H2 2018
Kuwait is one of the Middle East’s most promising projects markets, presenting a wide range of opportunities in the projects sector and in other areas for local, regional and international businesses. It is a high-income, asset-rich economy with oil reserves that can last about 100 years at present production rates and substantial gas assets. The government has practically no debt and official savings are worth at least $592bn. The private sector has abundant savings and the banking system is profitable,...
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Sector Analysis
MEED Insights: Oman Projects, H2 2018
Over the past 18 months, the Sultanate of Oman has emerged as one of the most interesting projects markets in the region, offering good business opportunities for contractors, consultants and investors across a range of industries. With about $177bn worth of projects planned or underway, the sultanate has a substantial pipeline of projects needed to support Muscat’s aims at diversification into logistics, tourism and manufacturing, as well as improving public services and infrastructure. Muscat’s diversification drive was boosted in 2017...
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Sector Analysis
MEED Insights: Saudi Arabia Projects, H2 2018
With more than $1.4tn worth of major projects planned or underway, Saudi Arabia is the biggest projects market in the region, accounting for almost half of the entire GCC projects market. Driven by rapid population growth and surging demand for all kinds of goods and services, ranging from consumer products, to electricity and healthcare services, to infrastructure, the kingdom’s projects sector is nearly double the size of the region’s next biggest projects market, the UAE. Despite its size however, Saudi...