2nd PPP MENA Forum discusses region’s $3.2trln worth construction opportunities

  • Date: 24-Feb-2022
  • Source: GCC Business…
  • Sector:Real Estate
  • Country:UAE
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2nd PPP MENA Forum discusses region’s $3.2trln worth construction opportunities

Reports reveal that, by mid-2021, the total value of infrastructure and construction projects in the Gulf Cooperation Council (GCC) region was close to $3.2 trillion.

A considerable portion of this volume is expected to be executed through the Public-Private Partnerships, creating a tremendous opportunity for large players.

A forecast by global accounting firm PriceWaterhouseCoopers (PwC) expects worldwide infrastructure spending to touch $9 trillion in 2025.

These massive economic opportunities are the key discussion points among government officials, business leaders and experts at the 2-day PPP MENA Forum 2022 which has just concluded its proceedings for Day 1. The event, organized at Movenpick Grand Al Bustan, Dubai, on the 23rd and 24th of February 2022, is expected to host 300+ government officials, project owners, experts, business leaders, regulatory officials who will engage on key subjects in the development sector.

Highlighting the social and sustainable nature of Public-Private Partnerships, Mr. Nasser Massoud, Chairman of the 2nd MENA PPP Conference and Specialist in Social Sector PPP, remarked that, “For every $1 billion spent in projects, 168,000 jobs are created with a 0.48 percent growth in GDP that in turn creates 442,000 jobs indirectly.”

“According to the World Bank, MENA Countries have been spending less than 3 percent of