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News Uploaded On : Thursday, August 07, 2014 2:28:00 PM IND Back  |  Latest Projects  |  Latest Tenders
 
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Project awards in GCC to top $86bn in 2014.
Infrastructure project awards across the GCC are forecast to exceed $86bn in 2014, an increase of 77.8% over 2013.

New figures released by construction intelligence firm Ventures Onsite show a dramatic increase in contract awards across the region, in every country except Saudi Arabia.

Qatar will award projects worth $26.2bn compared with just $9.4bn last year while Kuwait is expected to award $3.45bn, almost 10 times the previous year.

In the UAE, $15.18bn will be awarded, almost five times the 2013 contracts, while in Oman infrastructure awards are expected to reach $7.4bn - up $5.5bn on 2013. Meanwhile Bahrain, which awarded $382mn last year, is expected to award $3.4bn.

constructionweekonline.com

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