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FINANCIAL NEWS
USD900 b projects in the GCC
29 Jul 2013
(MENAFN) There are USD900 billion worth of projects undergoing in the Gulf Cooperation Council (GCC). These projects are sill undergoing and in various fields, Times of Oman reported.
The real estate sector accounts for more than 50 percent with an estimated projects worth of USD516 billion.
GCC countries are increasingly investing in the infrastructure sector to be able to cope with the growing demand and shift the focus away from oil and gas.
Contracting in the GCC is still strong and is expected to remain so due to the many projects being planned and developed in its countries.
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