GCC Infrastructure & Construction Market Analysed & Forecast by BrikStats Consulting in Its New Report Available at MarketPublishers.com10 Aug 2016 • by Natalie Aster
LONDON – The GCC infrastructure market is currently going through a number of remarkable changes, especially in the Government investment plans after a sharp oil prices fall. Pressure on the oil-based economies has increased, at the same time, creating huge fiscal pressures.
For instance, in Saudi Arabia (which ranks the largest construction market in terms of contract awards) the fiscal deficit reached USD 98 billion in the past year, compared to USD 15 billion in 2014. This country has already begun to consolidate its investments in the need based sectors from a range of luxurious project investments.
Despite the fact that GCC infrastructure has a robust project pipeline (worth around USD 2 trillion) to be awarded between 2016 and 2020, there are also numerous market growth hinders and project level risks, including the constantly increasing complexity of projects, declining projects performance, extreme consolidation of the owners landscape with a strong preference for the local contractors, conservative approach to PPP projects, tightening financial sourcing, hue dependence on equity, among others.
Topical reports “GCC Construction Outlook to 2020 – Track USD 2 Trillion of Infrastructure Opportunities with Sector Deep Dives and Project Risks and Returns” worked out by BrikStats Consulting gives a granular analysis of the GCC infrastructure and construction industry with a detailed overview of sub-segments performance. It points out the emerging lucrative opportunities as well as informs about the key challenges. The research study sheds light on the existing and emerging projects, offers info on key market players, presents comprehensive country-wide markets analyses and also identifies future prospects through 2020.
More reports by this publisher can be found at the BrikStats Consulting page.