More than $1.1 trillion worth of contracts have been awarded in the GCC alone over the past 10 years. In 2013, a record total of $156bn worth of deals were let, and 2014 is expected to perform just as well with almost $90bn worth of contracts awarded in the first six months of the year.
The latest report by MEED Insight, the Mena Projects Forecast & Review 2014, offers you an in-depth overview of the projects market in the region, focusing on quantitative data in particular. It also critically provides a forecast for contract awards by country and sector for full year 2014 and for 2015.
Key benefits and features:
Through this comprehensive report you will be able to:
- Quantify current and future market and sector sizes
- Understand key trends in the projects market
- Identify the key opportunities and challenges for each sector
- Access rankings of the top clients, consultants and contractors
Saudi Arabia is the leader in terms of future projects with a pipeline of more than $619bn followed by the UAE and Qatar with $225bn and $133bn respectively. The largest sector is construction, with 36 per cent of all contract awards in the last six years followed by oil and gas and power.
With more than $1.24 trillion worth of projects being planned in the GCC, this report is an essential and valuable tool for companies to be able to size markets and sectors as well as prepare the future strategy and identify new markets to enter.
In the wider MENA region outside the GCC, there are more than $750bn worth of planned and un-awarded projects driven mainly by oil and gas, construction and power investment. The largest market has been Iraq, with $104bn worth of the deals, followed by Algeria with $96bn and Iran with $94bn.
The Mena Projects Forecast & Review 2014 is an essential guide as it helps quantify and assess specific opportunities, which in turn aids firms with their business development strategy. Based on MEED Projects extensive database, MEED Insight is able to identify key trends, contractors, and clients and provide details on the size of individual markets and sectors.
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