Construction Industry in GCC Countries Driven by Government Investments, Says M&M Report Available at MarketPublishers.com14 Apr 2016 • by Natalie Aster
LONDON – Tourism industry growth, favorable macroeconomic conditions and positive demographics are some of major trends driving growth of the construction industry in GCC countries.
Governments across GCC countries have been increasing public sector employments and their spending on health, infrastructure and education over the years. This has led to the raise of the standard of living and has provided support to activity of the private sector.
In the UAE, the government has made investment towards the local affordable housing segment. Several hectares of lands have been allocated and developers who will set up affordable housing units have been invited in the country.
Saudi Arabia is a leader in the GCC construction industry. A number of planned projects are scheduled to commence by 2020. Key factors igniting growth of the local construction industry comprise: growth in religious tourism, expanding population of young citizens and infrastructure demand coming from different sectors.
The construction industry in GCC countries also faces some challenges, with a shortage of skilled labor and uncertainty over prices for oil being amongst them.
New research report “Investment Analysis of Construction Industry in GCC Countries” prepared by M&M offers a comprehensive analysis of the construction industry across GCC countries. This study contains an insightful overview of the global industry and the industry under discussion. It casts light on key driving forces and explores challenges of this industry.
The report focuses on performance of the industry in each country. It investigates trends in the local industries, covers building costs and major construction projects and scrutinizes investment climate and challenges the industry faces. The raw materials market is also analyzed in the research study.
Investment Analysis of Construction Industry in GCC Countries
Published: April, 2016
Price: US$ 4,650.00
More new studies by our market research partner can be found at M&M page.