Governments in the GCC are currently undertaking safety measures to cope with oil price fluctuations and are continuously reviewing their spending priorities. Industry experts have forecast that GCC countries would need $560bn by 2019. Regional governments are now aggressively pursuing economic diversification programmes, and therefore capitalising on other revenue-generating sectors. This is evident in GCC economies retaining spending on key sectors such as hospitality to promote tourism, education, affordable housing and healthcare.
The GCC building construction market in this report is classified into the following sub-sectors:
Read the full report, created by Ventures ONSITE for The Big 5 Heavy, which will take place from 26-28 March 2018 at the Dubai World Trade Centre.