Video: Construction Week In Focus | S02E29: How to earn trillions
The GCC's infra sector is worth trillions of dollars, but how can firms cash in on this growth?
How does the GCC's project pipeline stand at the moment across sectors such as infrastructure, oil and gas, and urban projects – and how can you earn trillions of dollars by building it?
The region has made no secret of its plans to boost its infrastructure capability, particularly in Saudi Arabia – exemplified most famously by the Riyadh Metro mega infrastructure project.
But, using data from intelligence platform ProTenders, what does the GCC construction sector look like now and what does this mean for developers, investors, contractors, and consultants looking ahead?
ProTenders defines the infrastructure sector as being made up of aviation, energy, transport, and other heavy-engineering projects. Excluding projects on hold the sector is valued at $1.14tn, 42% of the GCC’s $2.72bn total project value figure.
Saudi Arabia leads the GCC’s infrastructure development sector, with $585.3bn worth of projects across the planning, design, tender, and construction stages. In terms of value, that’s 51% of the GCC’s infrastructure sector – excluding projects on hold.
In this episode of Construction Week In Focus, Neha Bhatia and Jack Ball, editor and senior reporter of Construction Week, provide a progress report on the GCC's trillion-dollar development pipeline.
Construction Week In Focus is a weekly bulletin of the Middle East's top news from the real estate development, contracting, MEP, facilities management, and equipment sectors.
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Construction Week In Focus episodes are published each Tuesday at 9am.