MEED Insights: GCC Projects Outlook Report 2018

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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 by country and sector, the top contractors and clients, key trends and project drivers, and identifies the major future opportunities and challenges.

Written by MEED, the Middle East market experts within the GlobalData Group, this data-focused premium intelligence report is an indispensable guide for anyone involved in the GCC projects market.

The report will come with the graphical data* in Excel format so that the users can edit the graphs themselves.

Scope

– Longer term projects market forecast 2018-2022

– Summary and lists of future project opportunities

– Analysis of key trends, market drivers and opportunities by country and sector

– Top clients and contractors ranking

– Strategic insight from the foremost experts into the current and future size of projects market

Reasons to Buy

– Analysis of the GCC projects market performance in 2018 and over the next five years

– Current and future size of market by sector and country

– Top clients and contractors ranking

– Longer term forecast for 2018-2022

– Key project and sectors drivers

– Key challenges and opportunities

– Top current and future project lists

– Cashflow analysis

– Analysis on a city by city level

Table of Contents

Table of Contents

1 Preface 5

2 ExecutiveSummary 7

3 MacroeconomicContext 9

4 The Historical Context 19

5 Top Clients and Contractors 37

6 2017 in Review 44

7 FutureOutlook 54

Figures

List of Figures

Figure 1: USaverage annual crude oil prices 1971-2017 10

Figure 2: Cushing, OK WTI spotprice FOB, 2016-17 11

Figure 3: WorldBank and IMF oil price forecasts 12

Figure 4: GCC fiscal breakeven oil price 13

Figure 5: GCC government revenues 14

Figure 6: GCC nominalGDP 15

Figure 7: GCC government expenditure 16

Figure 8: GCC government lending/borrowing 17

Figure 9: GCC total contract awards, 2007-17 20

Figure 10: Number and average sizeof contracts 21

Figure 11: GCC contract awards vs. the oil price 22

Figure 12: GCC contract awards, 2012-17 23

Figure 13: Number andaverage size of GCC contracts by country, 2012-17 24

Figure 14: Contract awards by sector, 2012-17 25

Figure 15: Number and average value of contracts by sector, 2012-17 26

Figure 16: GCC countryand sector contract awards, 2012-17 27

Figure 17: GCC contracts by selected region, 2012-17 28

Figure 18: GCC civil construction sector contractsbreakdown, 2012-17 29

Figure 19: GCC utilities sector contract awards breakdown, 2012-17 30

Figure 20: GCC hydrocarbons contractawards by subsector, 2012-17 31

Figure 21: GCC contract awards by ownership type,2012-17 32

Figure 22: GCC contract awards by ownership typeand country, 2012-17 32

Figure 23: Value of GCCPPP projects awarded, 2012-17 33

Figure 24: Value of GCC PPP projects by sector, 2012-17 33

Figure 25: Number of build and design/build civil constructioncontracts, 2008-17 34

Figure 26: Actual GCC contract awards by quarter as a percentage of those planned to be awarded 35

Figure 27: Top awarded projects 2012-17 36

Figure 28: Top GCCcivil contractors by value of work under execution 38

Figure 29: Top GCC utilities contractors by value of work under execution 39

Figure 30: Top GCC hydrocarbons contractors by value of work under execution 40

Figure 31: Top GCC civil construction clients bywork under execution 41

Figure 32: Top GCC utilitiesclients bywork under execution 42

Figure 33: Top GCC hydrocarbonsclients bywork under execution 43

Figure 34: GCC contractawards 2016 vs. 2017 45

Figure 35: Value of GCC contract awards,2017 46

Figure 36: 2017 first half vs. 2017 second half comparison of GCC contract awards 48

Figure 37: Comparison of GCC awards by sector 2016-17 49

Figure 38: GCC contract cashflow values, 2008-20 50

Figure 39: GCC contractawards by selected urban area, 2017 51

Figure 40: Top awarded Dubai 2017 projects 55

Figure 41: Top awarded GCC projects2018 YTD 57

Figure 42: Selected new GCCprojects announced in 2018 58

Figure 43: Bahrain contract award forecast, 2018-22 60

Figure 44: Selected top Bahrain projects scheduled for award, 2018 61

Figure 45: Bahrain future project pipeline breakdown by sector 62

Figure 46: Kuwait contract award forecast, 2018-22 63

Figure 47: Selected top Kuwait projects scheduled for award, 2018 64

Figure 48: Kuwait future project pipeline breakdown by sector 65

Figure 49: Oman contract award forecast, 2018-22 66

Figure 50: Selected top Oman projects scheduled for award, 2018 67

Figure 51: Oman future project pipeline breakdown by sector 68

Figure 52: Qatar contract award forecast, 2018-22 69

Figure 53: Selected top Qatar projects scheduled for award, 2018 70

Figure 54: Qatar future project pipeline breakdown by sector 71

Figure 55: Saudi Arabia contract award forecast, 2018-22 72

Figure 56: Selected top Saudi Arabia projects scheduled for award, 2018 73

Figure 57: Saudi Arabia future project pipeline breakdown by sector 74

Figure 58: UAE contract award forecast, 2018-22 75

Figure 59: Selected top UAE projects scheduled for award, 2018 76

Figure 60: UAE future project pipeline breakdown by sector 77

Figure 61: GCC contract award forecast, 2018-22 78

Figure 62: Value of known planned and un-awarded GCC projects by country 79

Figure 63: Value of known planned and un-awarded GCC projects by sector 80

Figure 64: FutureGCC construction projects sector breakdown by subsector 81

Figure 65: FutureGCC utilities projects sector breakdown by subsector 82

Figure 66: FutureGCC hydrocarbons projects sector breakdown by subsector 83

Figure 67: Top future civil construction clients by project pipeline 84

Figure 68: Top future utilities clients by project pipeline 85

Figure 69: Top future hydrocarbons clients by project pipeline 86

Frequently asked questions

MEED Insights: GCC Projects Outlook Report 2018 standard reports
Currency USD
$3,000

Can be used by individual purchaser only

$9,000

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


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