MEED Premium Report: GCC 2023 Planned Project Awards Report – MEED
- Date: 26-Jan-2023
- Source: MEED
- Sector:Real Estate
- Country:Saudi Arabia
MEED Premium Report: GCC 2023 Planned Project Awards Report – MEED
The GCC is one of the world’s most active projects markets. With high oil prices, governments have been able to spend more on their capital projects spending programs, which makes it one of the few markets growing globally.
The Saudi giga projects market alone has more than $750bn worth of contracts in the pipeline, while there are major investments planned in Qatar following the World Cup and a substantial oil and gas investment program in Abu Dhabi to name just a few examples.
In total there is more than $1.4 trillion worth of projects in the pipeline, much of which will be awarded in 2023.
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