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FINANCIAL NEWS
GCC planned projects amounts to USD 2tr
29 May 2016
(MENAFN) The pipeline for the GCC planned projects valued USD 2tr, while Saudi Arabia leads the region in terms of the value of projects by 38.91 percent, followed by the UAE.
Moreover, Qatar is next with 8.57 percent share, trailed by Kuwait at 8.22 percent, whereas Oman follows by 6.48 percent with Bahrain having a 2.97 percent share.
However, due to the slump in oil price, the future growth of the projects sector will depend on many factors, involving the speed of enacting legislation and restructuring.
In addition, growing economies via the Gulf region will need improved infrastructure for cities in order to function and expand as planned.
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