Oman ranks third best GCC state in awarding projects

SourceTimes of Oman
SectorReal Estate

September 15, 2020 | 6:41 PM by ONA Kuwait: Oman has won third place at the level of GCC and Mena region in the field of awarding contracts of projects in August 2020, according to a report issued by MEED and published by Al Anba daily of Kuwait.The report states that the biggest contracts in the Gulf Cooperation Council (GCC) during that period went to Qatar, followed by the United Arab Emirates ($720 million and $617 million, respectively). Oman and Bahrain ranked 3rd and 4th by awarding contracts worth $428 million and $282 million, respectively. Saudi Arabia and Kuwait took 5th and 6th places by awarding contracts worth $158 million and $72 million, respectively.MEED pointed out that Middle East and North Africa (Mena) region saw the highest rate of contract awarding activities more...