GCC powers of construction
Industry themes and trends
The GCC Powers of Construction report is produced annually based on data gathered from surveys and internal data, supported by interviews with some of the most prominent industry leaders from the region.
The report is the sixth in its series, produced based on information gathered from surveys, internal data, and supported by interviews conducted with prominent industry leaders from the region.
This year’s edition defines the construction sector as an economic barometer for the GCC region, showcasing the interconnection between the construction industry and the wellbeing of the GCC economies.
Moreover, the publication dwells on various topics and issues facing the construction industry in a region where demand for construction and its allied services is currently at its greatest.
This issue focuses on the positive sentiment in the construction industry and positive developments in awarding some mega and social infrastructure projects across key markets in the Middle East. The industry seems to be out of the recession and into recovery mode. So the big question remains: “Are you ready for the construction recovery?”
In addition, the 2014 issue includes interviews with four major GCC construction companies on the different trends that are facing the industry, as well the key role they are playing in realizing their corresponding countries’ visions and aspirations.
In the ever complex and dynamic industry of construction, it is imperative that communication amongst our peers informs us on what decisions we all make on a daily basis. Herein you will find a collection of views from across our Middle East team drawn from our experiences and lessons learnt, together with our predictions for 2013 and beyond. This is the fourth publication and the only one of its kind amongst the Financial Services industry in the Middle East. With 2013 forecasted to be a year of optimism and opportunity, all eyes are back on regional governments and how they propose to manage their spending. In a region where there is an acute deficit in terms of infrastructure, the ingredients for capital projects could not be better.
The report is produced based on data gathered from surveys, supported by interviews with some of the most prominent industry leaders from the region, to understand how they have progressed their businesses through these difficult times and how they have managed to create a stable foundation to move forward. Other major themes that are covered within the publication are: government spending, public infrastructure, going green, urban regeneration, transport infrastructure, affordable housing, IPO readiness in the construction sector, regional restructuring, and capitalizing on Build Operate Transfer (BOT) contracts.
The GCC Powers of Construction 2010 contains a plethora of articles tackling numerous imminent issues pertaining to the construction industry in the Gulf Cooperation Council. The publication provides a positive outlook on the construction industry, while including expert views on the opportunities in the region, how to set up in set up in Saudi Arabia, which is seen to be a key market, as well as expert views on where lessons have been learnt and how we see the market responding to the challenges encountered and the role that PPP’s will play in the future.
The GCC Powers of Construction contains a range of articles on industry themes and trends. With the publication coming at a time of a global economic downturn, it would be impossible not to include an analysis of the effect of the downturn on construction in the GCC. We begin by looking at how the sector shifted from one a boom era throughout most of 2008 to an era of project cancellations and decline in available financing for this industry by the end of the year. Although Dubai’s fortunes, especially in terms of residential developments, were hard hit by events, other places in the region – such as Abu Dhabi, Qatar and Saudi Arabia - continue to show promise, while public spending on infrastructure and commercial projects represent opportunities in times ahead.