Large infrastructure projects, particularly around social and transport infrastructure, offer tremendous opportunities for contractors, as will continuing upstream and downstream oil and gas related developments in the coming years.
Of the biggest investments currently underway is Qatar's plan to spend $100bn in preparation for hosting the 2022 World Cup and achieving its 2030 vision, and Saudi Arabia's capital spend program approaching $400bn over the next 10 years alone.
In view of mega-projects, such as the upcoming Expo 2020, and increased spending on social infrastructure, the UAE saw an estimated total value of $315bn in announced and planned projects in 2014 alone. New construction contracts worth $103 billion are expected to be awarded in 2015 as compared to $85bn in the previous year, an increase of over 21 per cent.
The Big 5 Hub selects ten of the best new construction products available on the MENA market in the month of September.