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GCC Construction: Long-Term Opportunity Vs. Short-Term Challenges

GCC Construction

GCC Construction

A new independent 446-page research with title 'GCC Construction Outlook 2020 - Opportunities and Challenges in GCC Construction - MEED Insights' guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like North America, Europe or Asia. With n-number of tables and figures examining the GCC Construction Outlook 2020, the research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2026

Get customization & check discount for report @ https://www.htfmarketreport.com/request-discount/2909315-gcc-construction-outlook-2020-opportunities-and-challenges

Summary
GCC Construction Outlook 2020 - Opportunities and Challenges in GCC Construction - MEED Insights

Summary

With about $1tn of construction and transport projects planned or under construction, there is no shortage of potential opportunities in the GCC’s construction market. And with a further $1.2bn of developments promised through long-term transformational masterplans and megaprojects, such as Saudi Arabia’s $500bn Neom future city, the potential of the GCC construction market is not likely to disappear anytime soon.

But while there are abundant opportunities for construction companies in the GCC, there is no shortage of challenges. Over the past five years, contractors, consultants and manufacturers have faced considerable pain and uncertainty as a result of the fall in oil prices in 2014. Cuts to government spending and a growing oversupply in the key real estate markets such as Dubai reduced new project opportunities and increased competition for work, while delayed payments hit cash flow.

In terms of contract awards, 2019 was the worst year for the GCC construction industry since 2012 with only about $57.8bn worth of construction and transport project contracts awarded in the Gulf. The figure is 9.5 per cent down on award levels in 2018. And is far below the $107.5bn of contract awards seen in 2013, the best year on record.

By the end of 2019 however, construction companies were looking forward optimistically to a long-awaited rebound in construction activity, led by the giant Saudi Arabian market. The stabilisation of oil prices and the launch of the kingdom’s megaprojects promised a new dawn for GCC construction. By March however, the optimism was dashed as it became clear that the Covid-19 pandemic was not going to pass quickly, and companies shifted their focus to simply surviving the crisis.

While the Covid-19 lockdowns have disrupted supply chains and on-site delivery, a new slump in oil prices in March and April, has raised new doubts about future project opportunities. The problems of the past five years have accelerated in the first five months of 2020, and construction companies must rethink their processes and strategies in order to prepare for the new GCC construction market in a post-Covid-19 world.

Key to rethinking business development strategy is understanding where the future growth will come from, and who the key clients will be.

Written by MEED, the Middle East market experts within the GlobalData Group, "GCC Construction Outlook 2020" is the latest premium intelligence report from MEED Insight. It assesses the prospects for construction in the coming two years in the wake of Covid-19 outbreak, and analyses the opportunities and challenges for contractors, consultants and suppliers across the region’s six markets.

It is a powerful resource for anyone seeking to do business in the GCC construction and infrastructure sector at a key point in the development of the market.

Reasons to Buy

- Gain an immediate insight on the GCC construction market
- Identify new business development opportunities
- Discover the current and planned client activities across the region
- Identify top contractors, clients and competitors
- Asses specific challenges and drivers behind each sub-sector

Companies Mentioned in the Report

Request a sample report @ https://www.htfmarketreport.com/sample-report/2909315-gcc-construction-outlook-2020-opportunities-and-challenges

Table of Contents
1. Executive Summary
2. GCC
2.1 State of the market overview comment
2.2 Project Trends
2.3 Industry issues
2.4 Market snapshots
3. Construction Finance
3.1 Overview
3.2 Bahrain
3.3 Kuwait
3.4 Oman
3.5 Qatar
3.6 Saudi Arabia
3.7 UAE
4. Bahrain
4.1 Impact of COVID-19 on Bahrain construction market
4.2 Overview of Bahrain construction
4.3 Project Trends
4.4 Vision 2030
4.5 Gulf Development Fund
4.6 Budget 2020
4.7 Key trends
4.8 Sector analysis
5. Kuwait
5.1 Impact of COVID-19 on Kuwait construction
5.2 Overview of Kuwait construction market
5.3 Project Trends
5.4 The Kuwait Masterplan
5.5 Budget 2020
5.6 Privatisation Programme
5.7 Sector analysis
6. Oman
6.1 Impact of COVID-19 on Oman construction market
6.2 Overview of

....Continued

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2909315-gcc-construction-outlook-2020-opportunities-and-challenges

Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the GCC Construction Outlook 2020 - Opportunities and Challenges in GCC Construction - MEED Insights market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of GCC Construction Outlook 2020 - Opportunities and Challenges in GCC Construction - MEED Insights near future?
What is the impact analysis of various factors in the GCC Construction Outlook 2020 - Opportunities and Challenges in GCC Construction - MEED Insights market growth?
What are the recent trends in the regional market and how successful they are?

Place a Purchase Order for this Market Study (Single User License) at: https://www.htfmarketreport.com/buy-now?format=1&report=2909315

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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Phone: +1 (206) 317 1218
sales@htfmarketreport.com

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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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