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MEED Insights: GCC Projects Outlook Report 2018

MEED Insights: GCC Projects Outlook Report 2018

  • May 2018
  • 88 pages
  • ID: 5436996
  • Format: PDF
  • GlobalData
Up to $1800 off Until May 31st 2020

Summary

Table of Contents

MEED Insights: GCC Projects Outlook Report 2018

Summary
After a very disappointing 2016 when GCC annual contract awards fell to their lowest levels in more than a decade, expectations were high that 2017 would herald a much-needed improvement.However, with the notable exception of Dubai, last year proved a disappointment, with contract awards at $120bn only marginally higher than the $118bn awarded in 2016.

It seems the market has yet to turn a corner.

That said, the upward trend in oil prices since the start of 2018 is expected to provide some much needed impetus to the market during the second half of the year.For most sectors and countries the link between the crude price and project activity is clear, and therefore higher prices can only be a good thing as governments find themselves with more cash to spend.

The overall future health of the market will thus depend on whether oil’s bull run can be maintained and whether governments overcome their reluctance to increase capital their spending programmes.

Based on the pipeline of projects in the region, oil price projections, and macroeconomic growth, our forecast for the GCC states predicts a small increase in spending this year.However, it is becoming increasingly clear that a return to previous levels of spending is now unlikely in the medium term.

The projects supply chain, which has already experienced two very leans years, will likely have to continue to wait for a significant improvement in the market’s fortunes.

GCC Projects Outlook 2018 report is aimed at providing clarity to firms preparing for the year ahead. Whether it is guidance on setting their budgets or strategies, or information on the value of projects to be awarded in the short and medium terms, the report provides the necessary quantitative data to enable companies to be better informed and prepared during these challenging times.

The report will come with the graphical data in Excel format so that the users can edit the graphs themselves.

Scope
- Longer term projects market forecast 2018-2022
- Summary and lists of future project opportunities
- Analysis of key trends, market drivers and opportunities by country and sector
- Top clients and contractors ranking
- Strategic insight from the foremost experts into the current and future size of projects market

Reasons to buy
- Analysis of the GCC projects market performance in 2018 and over the next five years
- Current and future size of market by sector and country
- Top clients and contractors ranking
- Longer term forecast for 2018-2022
- Key project and sectors drivers
- Key challenges and opportunities
- Top current and future project lists
- Cashflow analysis
- Analysis on a city by city level

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