GCC construction sector rebounds strongly in Q1

GCC construction sector rebounds strongly in Q1

The GCC construction market bounced back in the first quarter of 2021 following a massive drop in 2020 due to the outbreak of the Covid-19 pandemic.According to BNC Projects Journal, the GCC disclosed $35.6 billion worth of new schemes in Q1 2021, which cover 55% the total announcements in 2020.The GCC construction market is estimated at $2.2 trillion, with over 22,000 active projects as of first quarter of 2021, it said.Comments Read Next8 hours agoKuwait suspends all flights from India10 hours agoBahrain records 1,053 new Covid-19 cases, 3 deaths1 day agoWorldwide coronavirus cases cross 144 million1 day agoUAE provides over 10 million COVID-19 vaccine doses2 days agoOman: Eight arrested for violating Covid-19 measures2 days agoKuwait: No appointment needed for vaccine in ages above 652 days agoGlobal Covid-19 caseload crosses 143.22 million2 days agoSaudi records 1,055 new Covid-19 cases, 11 deaths2 days agoUAE to suspend flights from India for 10 days2 days agoOman reports 1,508 new Covid-19 cases, 16 deaths