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FINANCIAL NEWS
ME businesses to boost spending on big projects
21 Feb 2013
(MENAFN) PricewaterhouseCoopers’ (PwC) latest survey shows that more than half of businesses in the Middle East are projected to boost spending on huge infrastructure projects, reported Arabian Business.
According to the professional services firm, 72 percent of businesses covered in the survey expect higher spending, even though 64 percent are witnessing higher costs.
However, the ‘2012 Capital Projects and Infrastructure Survey’ also reveals that another 80 percent declared that their projects had experienced delays in 2012.
Moreover, the survey shows that businesses are spending money to invest in new projects, despite budget and schedule challenges.
It is worth noting that PwC survey covered 61 respondents from different industry sectors, all aim at handing over major projects.
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