The total value of contracts awarded in the kingdom hit $66bn in 2011, a 6 percent increase on the previous year. The steep slowdown in activity in the UAE means that Saudi Arabia is now by far the largest projects market in the region, worth almost as much as the other five GCC states combined. With more than $300bn worth of projects planned and un-awarded, the kingdom has also by far the largest future projects market.
These project opportunities are highlighted in the Saudi Arabia Projects Market 2012, the latest report to be published by MEED Insight, the research and analysis arm of MEED. Comprising more than 100 pages, the report provides a comprehensive overview of all key project sectors, and is an invaluable tool for any company wishing to do business in the kingdom.
There are several key factors driving project growth in the kingdom. The most obvious is record high oil prices which enable the government to increase its capital projects outlay. Demographic growth is also critical as a larger population and a booming economy result in the need to invest in utilities and transportation infrastructure. The Arab Spring too has acted as an impetus for Riyadh to accelerate spending on social infrastructure schemes.
For most companies and professionals involved in the regional projects market the sheer size and potential of the Saudi Arabia projects market makes it the number one opportunity in the region,” says Ed James, Head of MEED Insight. “With the UAE projects market declining, and Qatar yet to really get going with its project plans, Saudi Arabia is the only GCC projects market to offer immediate opportunities for many companies.”
“What’s equally important is that the Saudi projects market is based on a fundamental need for investment rather than speculation. The combination of this need and the ability to pay to meet this need will ensure that market can only go from strength to strength, as such, MEED Insight forecasts that the Saudi Arabia projects market will grow 10 per cent to $72bn worth of contract awards in 2012 spurred by increased investments in the construction, petrochemicals and power sectors.
Project opportunities in the region’s largest projects market
• Gaining a thorough understanding of the different dynamics driving the projects market
• Key data on sector size and historical growth
• Identification of the key current and future projects
• The top contractors and clients
• Sector forecasts
Major points covered in Table of Contents of this report include:
1Preface
2 Executive summary
3 Economy & Finance
4 Projects overview
5 Oil & Gas
6 Petrochemicals
7 Manufacturing & Industry
8 Power
9 Renewables
10 Desalination
11 Wastewater and water supply
12 Construction
13 Transport
14 Doing business in Saudi Arabia
15 Political overview
List of Tables
Explore Comprehensive list of Tables available in the report @ http://www.reportsnreports.com/reports/148903-saudi-arabia-projects-market-2012.html
These project opportunities are highlighted in the Saudi Arabia Projects Market 2012, the latest report to be published by MEED Insight, the research and analysis arm of MEED. Comprising more than 100 pages, the report provides a comprehensive overview of all key project sectors, and is an invaluable tool for any company wishing to do business in the kingdom.
There are several key factors driving project growth in the kingdom. The most obvious is record high oil prices which enable the government to increase its capital projects outlay. Demographic growth is also critical as a larger population and a booming economy result in the need to invest in utilities and transportation infrastructure. The Arab Spring too has acted as an impetus for Riyadh to accelerate spending on social infrastructure schemes.
For most companies and professionals involved in the regional projects market the sheer size and potential of the Saudi Arabia projects market makes it the number one opportunity in the region,” says Ed James, Head of MEED Insight. “With the UAE projects market declining, and Qatar yet to really get going with its project plans, Saudi Arabia is the only GCC projects market to offer immediate opportunities for many companies.”
“What’s equally important is that the Saudi projects market is based on a fundamental need for investment rather than speculation. The combination of this need and the ability to pay to meet this need will ensure that market can only go from strength to strength, as such, MEED Insight forecasts that the Saudi Arabia projects market will grow 10 per cent to $72bn worth of contract awards in 2012 spurred by increased investments in the construction, petrochemicals and power sectors.
Saudi Arabia Projects Market
Published: January 2012
No. of Pages: 122
Price: US$5012
• Gaining a thorough understanding of the different dynamics driving the projects market
• Key data on sector size and historical growth
• Identification of the key current and future projects
• The top contractors and clients
• Sector forecasts
Major points covered in Table of Contents of this report include:
1Preface
2 Executive summary
3 Economy & Finance
4 Projects overview
5 Oil & Gas
6 Petrochemicals
7 Manufacturing & Industry
8 Power
9 Renewables
10 Desalination
11 Wastewater and water supply
12 Construction
13 Transport
14 Doing business in Saudi Arabia
15 Political overview
List of Tables
Explore Comprehensive list of Tables available in the report @ http://www.reportsnreports.com/reports/148903-saudi-arabia-projects-market-2012.html
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