GCC project sector stands at a combined value of $3.1tn

GCC project sector stands at a combined value of $3.1tn

In light of planned mega projects and major infrastructure development plans as part of the region's economic visions - such as Dubai's Expo 2020 and Saudi Arabia's Neom future city - outlook for the GCC's construction sector is promising.. According to the GCC Construction Outlook 2019 report by MEED, the Middle East's leading business information service, there are an estimated 6,722 active projects with a combined value of more than $3.1tn planned or underway in the GCC, making it one of the most dynamic project markets in the world.. The MEED Projects Awards 2020, carried out in association with Mashreq, invites project companies across the GCC to nominate the best projects completed in the region in 2018 and 2019..