DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "GCC Construction Outlook to 2020 - Track USD 2 Trillion of Infrastructure Opportunities with Sector Deep Dives and Project Risks and Returns" report to their offering.
GCC infrastructure market is witnessing many changes, particularly in the Government investment plans after the oil prices slashed half from 2010 numbers (down from -USD 110 a barrel in 2010 to -USD 50 in 2015). Pressure has increased on these oil based economies creating huge fiscal pressure. In Saudi Arabia - the biggest construction market on basis of contract awards, the fiscal deficit soared to USD 98 billion in 2015 from -USD 15 billion in 2014. The country has already initiated to consolidate its investment in the need based sectors from any luxurious project investments.
GCC Construction Opportunities till 2020
1. UAE: Post the announcement of Dubai 2020 expo event, the Emirate is a wave of opportunity with Government setting aside DH 17 billion in 2016 budget for infrastructure development till 2020. The investment will a spread over different asset classes broadly covering housing, roads, railways, schools, health facilities and public buildings. Abu Dhabi is the next destination for investors eyeing long term growth. The emirate has earmarked USD 100 billion to be invested till 2030 and majority of it will be ploughed in real estate and transportation sector. However, the country is also speculated to be under financial constraints which could impact the execution of the big plans
2. Saudi Arabia has huge pipeline of megaprojects (i.e. projects worth USD 1 billion and above) with more than 80% of the investment flowing through these multi-billion dollar projects. Of the megaprojects pool, the top 3 ones includes the most talked about projects: KA CARE Renew*able Energy Program worth USD 150 billion alone, Saudi Arabia Rail expansion program worth USD 97 billion and KACARE Nuclear Power Reactor worth USD 70 billion. However, Saudi Arabia has many projects undergoing overruns especially time overruns. Most of these megaprojects are facing overruns during the construction period
3. As the host country of FIFA 2022, Qatar has invested a huge sum over the last few years in the development of the required infrastructure. The country has devised plans to draw USD 222 billion of amount by 2022 for the infrastructure projects including stadiums, hotels and other transport related facilities. In the year 2013 when Qatar won the FIFA 2022 bid, it had awarded projects worth more than USD 50 billion. The country still has many infrastructure opportunities with a huge pipeline of projects planned to be awarded between 2016 and 2020
4. In the future, Kuwait and Oman have a huge pipeline of multi-billion dollar projects planned and are the next hot spots in the GCC infrastructure market
Key Topics Covered:
1. GCC Construction and Infrastructure Market Overview, 2005-2020
2. GCC Construction and Infrastructure Market - Country Overview, 2010-2020
3. GCC Construction and Infrastructure Market - Sector Overview, 2010-2020
4. GCC Construction Outlook for Energy, Utilities and Industry, 2010-2020
5. GCC Construction Outlook for Power Sector, 2010-2020
6. GCC Construction Outlook for Oil & Gas Sector, 2010-2020
7. GCC Construction Outlook for Industrial Sector, 2010-2020
8. GCC Construction Outlook for Waste & Water Sector, 2010-2020
9. GCC Construction Outlook for Real estate Sector, 2010-2020
10. GCC Construction Outlook for Mixed Use Development, 2010-2020
11. GCC Transport Sector Overview, 2010-2020
12. GCC Airport Construction and Infrastructure Overview, 2010-2020
13. GCC Railway Construction and Infrastructure Overview, 2010-2020
14. GCC Road Construction and Infrastructure Overview, 2010-2020
15. GCC Infrastructure - Greenfield And Brownfield Share Of Investment
16. GCC Construction and Infrastructure Trends: Contract Size
17. GCC Construction and Infrastructure Trends: PPP Project Spend (Public Private Partnership)
18. GCC Construction and Infrastructure Trends: Ownership Type
19. GCC Infrastructure Project Finance
20. GCC Infrastructure Project Cost Overrun (Budget Overrun)
21. GCC Infrastructure Project Time Overrun (Schedule Overrun)
22. GCC Infrastructure Project Returns (IRR)
Companies Mentioned
- Abu Dhabi National Oil Company
- Dubai Municipality
- Eastern Province Municipality
- Jurhom Urban Development
- KACARE
- King Abdullah City for Atomic & Renewable Energy
- New Doha International Airport
- Oman Ministry of Transport and Communications
- Royal Dutch Shell
- SCTH
- SIREI
- Saudi Railway Organization
For more information about this report visit http://www.researchandmarkets.com/research/rqgvgf/gcc_construction
Related Topics: Infrastructure Construction
