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The Construction Industry in the Gulf Co-Operation Council (GCC) Includes Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, and Oman for Investment Analysis of Construction
The construction industry in the Gulf Co-operation Council (GCC) includes Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, and Oman. Factors such as the favorable macroeconomics, rising tourism activities, positive demographics, mega-events, new mortgage law in Saudi Arabia, and high bank liquidity largely contributed to the growth of the GCC construction industry. Key players are shifting focus from small and medium projects to large projects which involve infrastructure, complex civil work, and electromechanical systems.
The GCC construction industry is dominated by key market players driving the growth due to upcoming projects across the GCC region. The major players include companies such as Saudi Binladin Group (Saudi Arabia), China State Construction Engineering Corporation (China), El Seif Engineering Contracting Company (Saudi Arabia), Arabian Construction Company (Saudi Arabia), Arabtec Construction (Saudi Arabia), Emaar (UAE), Consolidated Contractors Company (Greece), Al Arrab Contracting Company (Saudi Arabia) , Al Jaber LEGT Engineering & Contracting LLC (UAE), and TAV Construction (Saudi Arabia). Key players need to emphasize on critical areas like customer expectations, project size and budget, suppliers, competition, supply chain, investors, and financing.
Saudi Binladin Group (SBG) (Saudi Arabia) held the leading position in the GCC construction industry. This group is widely present in Riyadh, Dammam, Beirut, Cairo, Amman, and Dubai. SBG has worked closely with Saudi Arabia’s government on high-profile projects such as Jeddah’s Royal Terminal and King Abdulaziz International Airport’s new Hajj Terminal. King Abdullah Economic City and Tower Abraj Kudai are the other major projects constructed by SBG. The company has also been involved in major international projects such as Blaise Diagne International Airport (Senegal) Kuala Lumpur International Airport (Malaysia), Sharjah International Airport Expansion & Development (UAE), and University of Sharjah (UAE).
China State Construction Engineering Corporation (China) overtook the construction market with its Palm Jumeirah villas project. Through optimum utilization of resources and long experience in the construction industry, CSCEC Middle East had completed projects worth USD 4.0 billion (AED 14.6 billion) in the region in 2013. The company deals in major infrastructure and construction project such as Al Amal Psychiatric Hospital, Shamkha South Infrastructure, and improvement of Emirates Road. It has established long-term relationship with property dealers, ministry of public work, and investment companies.
Investment Analysis of Construction Industry in GCC Countries (Contracts, Investments, Underway and Planned Projects (Major Construction Projects, Oil & Gas, Residential) , Raw Material Trade Information, Opportunity Analysis)
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