CW’s Top 50 GCC Developers of 2017 revealed
Welcome to Construction Week’s Top 50 GCC Developers 2017, our annual ranking of the region’s most active real estate developers.
Welcome to Construction Week’s Top 50 GCC Developers 2017 list, our annual ranking of the region’s most active real estate developers. This list is designed to recognise the people who are driving construction activities in the Gulf, delivering projects and planning communities for future generations.
To compile this list, CW’s editorial team has contacted developers from across the region to find out about the projects on which they’re currently working, and their long-term growth strategies. In deciding the final rankings, we also considered publicly available information about project launches and deliveries from the past 12 months.
After three years of reduced national revenues stemming from the lacklustre oil price, few would suggest that times are easy for the Gulf’s construction and development segments. On the contrary, the challenges facing our sector are significant. Nevertheless, the region appears to be gradually adapting to the ‘new norm’, identifying novel methods of project finance and value engineering with the potential to realise GCC countries’ ambitious development visions in spite of wider market challenges.
As such, this year’s Top 50 GCC Developers list is populated by individuals who have found ways to push ahead with existing projects, and launch new ones, within a difficult economic climate.
The final rankings of the 2017 list are based on the best available information and our collective assessment of the region’s most active developers from the past 12 months. As with any compilation of this nature, some individuals will climb, some will fall, and others won’t make the cut. With this in mind, if you feel that a deserving figure from the Gulf’s real estate development community has been overlooked, please feel free to get in touch.
After all, it won’t be long before we start to consider prospective candidates for next year’s issue.
Click on the links below to find out whether your colleagues have made the cut this year.