Construction World - Gulf |
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The forecast for projects planned and underway in the GCC in 2015 is US$ 172 billion, the highest on record to date, as per MEED Projects. And, as a recent Deloitte report rightly points out, this is all against a backdrop of declining oil prices, continuing political unrest and International Monetary Fund (IMF) growth forecast across the GCC....
GCC, MEED Projects, International Monetary Fund, Kingdom Of Saudi Arabia, UAE, Kuwait, Infrastructure, GCC Powers Of Construction 2015, Ahmad Jassim Al Jolo, QSE, Central Planning Office, Rail, Road, Metro, Ministry Of Municipality And Urban Planning
As the Gulf gears up to host the two most iconic events on Earth '- World Expo in 2020 and FIFA World Cup in 2022, with a host of mega projects coming up, the infrastructure development is certainly set for a transformation in this prosperous part of the globe....
Gulf, World Expo, FIFA World Cup, Infrastructure Development, Gulf Cooperation Council, Crédit Agricole Private Banking, MENA, GDP, Purchasing Managers Indices, GCC, Kuwait, Dr Paul Wetterwald, International Monetary Fund