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FINANCIAL NEWS
GCC construction contracts to drop to USD194b in 2015
29 Aug 2015
(MENAFN) Construction in the GCC will increase in value despite a slight dip in the overall contract awards this year caused in part by cheap oil, according to an industry expert.
The man behind the region’s biggest construction event said the value of contract awards this year in the GCC could reach over USD194 billion, USD2 billion down on last year.
Vice president of dmg events ME, said lower oil prices will mean building materials and transport costs will fall and that will filter down to contract values.
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