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Construction Special Report synopsis
In March 2011, the GCC announced a $10bn 10-year development fund for both Bahrain and Oman following unprecedented political disturbances in the countries
Nearly one year on from the announcement of a $10-bn development fund for Bahrain and Oman, MEED will look at whether the money has started to filter through and what this means for the construction sector. The special report will include features on the projects sectors in Bahrain and Oman.
Increasingly the Middle East construction markets are favouring local contractors as they look to lift the economies hit by the collapse of the real-estate bubble and more recently regional political instability. Local contractors won 53 per cent of the $106.6bn-worth of projects awarded in the GCC in 2011. The special report will analyse this trend and how international companies are responding by forming local partnerships.
During 2000s, the Gulf became the world capital for dredging as developers built huge real-estate projects on man-made islands. For dredging firms, the region became a priority area of focus. The special report will provide an update on this sector, looking at where activity is currently centred in the region and the projects that are due to come to market in the year ahead.
In April 2010, the Saudi Cabinet approved the country’s Ninth Five-Year Development Plan, which allocated $385bn (SR1.4 trillion) to projects across all sectors through 2014. The proposed schemes included construction of 117 hospitals, 750 primary healthcare centers, and 400 emergency centres in the health sector and 25 technology colleges, 28 technical institutes, and 50 industrial training institutes in the education sector. With the plan now half way through its timeline, the special report will look at the progress made to date and the projects due to be tendered in the year ahead.
Publication type:
Special Report
Publication date:
3 February 2012
Contact:
advertising@meed-dubai.com/ +971 (0) 4390 0698
Booking deadline:
25 January 2012
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