INDUSTRY REPORT: GCC Major Building Projects - July 2015

Nicole Dsouza |
August 24 , 2015

undefinedThe GCC construction industry continues to witness strong activity in the building and infrastructure sectors regardless of the predicted adverse economic impact of the consistent plunge in oil prices.

The total value of construction contract awards across the GCC is expected to reach $194 billion in 2015, of which the building and infrastructure sectors alone are estimated to hit $141 billion in 2015 (The figures are based on project schedules as of July 2015 taking into account buildings, infrastructure and energy sectors).

The numbers were at one stage looking to reach nearly $205 billion as per the estimates in Q1 2015, but recent news on the increasing speculation of whether or not Qatar will lose out on the FIFA World Cup 2022 have slowed down some projects in Qatar, which have impacted the numbers.

Qatar, UAE and KSA are expected to continue their leadership streak as the hottest building and infrastructure construction markets for the year. Some of the major projects awarded to contractors in the 1st half of 2015 include the following:

Project Name

Country

1

Metro Phase 1 Systems

Qatar

2

New Doha Port Buildings & Infrastructure packages

Qatar

3

Warner Brothers Entertainment Theme Park

UAE

4

Polo Residences in Meydan City

UAE

5

MMRT Phase – 1

Saudi Arabia

6

Riyadh Airport Terminal 3&4 Expansion

Saudi Arabia

7

Mohammed Bin Khalifa Specialist Cardiac Hospital in Awali

Bahrain

8

Ariva Tower in Amwaj Island

Bahrain

9

National Bank of Oman Headquarters

Oman

10

New Equate Headquarters

Kuwait

Ventures Onsite has released new report titled GCC Major Building Projects: July 2015, commissioned by dmg events for The Big 5 Dubai 2015. 

You can download the report direct: fill in the box on the right (below on mobile).