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USD 12.9 billion worth of energy projects were awarded in the GCC in Q1 2020 registering a 53% QoQ hike

USD 12.9 billion worth of energy projects were awarded in the GCC in Q1 2020 registering a 53% QoQ hike

BNC Network 21-04-2020 09:20 am

Key Highlights Oil & gas projects worth USD 7.3 billion were awarded across the GCC in Q1 2020 USD 19.2 billion worth of urban construction projects were completed in the first quarter of 2020 UAE construction sector leads Q1 2020 with 12.4 billion worth of new project announcements, 9.4 billion worth of contract awards and 18.4 billion worth of project completions The GCC construction...

Business / economics Construction Economics Energy International Marketing Technology Working life

USD 12.9 billion worth of energy projects were awarded in the GCC in Q1 2020 registering a 53% QoQ hike

Saudi Arabia Ramp Up to Drive GCC construction

BNC Network 02-02-2020 11:00 am

Key Highlights The GCC Projects market grew by 5% YoY in 2019 YoY project announcement and completion in the GCC increased by 4% and 3% respectively UAE leads in projects awards across the GCC Saudi Arabia energy sector grew by 24% YoY, while Oman’s grew by 23% YoY The GCC construction market is estimated at USD 2.5 trillion, with over 25,000 active projects at the end of the...

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