MIDDLE East construction markets present a mixed picture this summer. The most promising markets are those with large energy projects in development, either to enhance oil and gas production or to expand downstream operations, most notably petrochemical projects.
In the Gulf, the UAE continues to present an exceptional volume and variety of opportunities for local and international firms, ranging from luxury hotels to general infrastructure, as well as major oil and petrochemical schemes. The dynamism of Abu Dhabi and Dubai is in strong contrast to the relative inactivity in some other markets.
Activity is almost at a standstill in Algeria due to the security problems, and in Libya and Iran on account of US or UN sanctions, or both.
In this mid-year MEED survey, writers review construction activity in 19 regional markets, and identify the main bidding opportunities that will become available in the coming months: