<!–

Data snapshot: Top five projects in execution
Project Owner Value ($m)
Baraka Nuclear Power Plant Emirates Nuclear Energy Corporation 11,600
Al-Shamiyah Development in Mecca Al-Shamiyah Urban Development Company 9,300
South Pars Gas Field Development: Phases 19 to 21 Pars Oil & Gas Company 9,000
Tehran to Mashhad Electrification Project Iranian Islamic Republic Railways 8,500
Haramain High-Speed Rail Network: Phase 2 Saudi Railways Organisation 7,733
Source: MEED Projects; data compiled January 2013

The Middle East projects market in 2012 experienced a mixed year, which portrayed confidence overall and showed signs of recovery.

The values among the most valuable projects in the Middle East rose significantly, with many countries launching new projects and restarting a number of those that were on hold.

In this report

–>

top 100 screenshot4

Executive summary

  • The Middle East’s major projects market is gaining momentum with the region’s 100 biggest schemes currently under construction accounting for more than $304bn of capital spending
  • Activity in 2013 and beyond is set to increase with the top 50 projects planned or under way across the region valued at $1.56 trillion, a 42 per cent increase on the previous year
  • Government-funded infrastructure and energy projects in the leading oil and gas exporting states are driving growth
  • Transport schemes are the biggest single segment in the top 100 projects currently under construction
  • Saudi Arabia, Iran and the UAE are the three most active markets
  • The announcement of several new or relaunched real estate projects in Dubai suggests that the emirate’s construction market is poised to rebound

MEED has expanded its Top 100 Projects Report to provide a comprehensive and valuable assessment of current activity in the Middle East’s major projects market and three-year forecast.