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MENA’s infrastructure projects suffer from oil crisis

11 May 2016

(MENAFN) Capital projects and infrastructure sector in the MENA region has been critically impacted by plummets and deferrals of government spending as a result of prolonged low oil prices.

Lower for longer oil prices are creating a squeeze on government funding, and the latest reports suggest that new methods of financing and delivery will be required in order to deal with these changes.

Basically, after the frantic pace of spending in the past few years, a slowdown in activity will give organizations the opportunity to prioritize projects and address internal issues.

However, the reports are optimistic that spending associated with Mega Events, like the Dubai Expo 2020 and the Qatar 2022 World Cup, will go ahead, with its related expenditure rising in 2017.

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