With oil prices remaining lower for longer, there is concern over the future outlook of the construction market as governments try to rein in spending.
MEED organised a roundtable in collaboration with AIG on the state of the construction market in the GCC. The discussion focused on the short and long term market outlook, taking into account the oil price, the geopolitical environment and the macroeconomic situation.
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How is the pipeline of project opportunities impacted by lower oil prices?
Financings and payment
Timely payment and the financing of projects have long been an issue for contractors in the region. How could the environment negatively impact these two issues further?
Technical and delivery challenges
The current situation could create technical and delivery challenges. How can contractors mitigate these risks?