The Deloitte Middle East Powers of Construction report published today forecasts that the value of new contract awards in the GCC will fall by 17 per cent to $170bn in 2017 due to the public spending squeeze in the region. Project…
Tag: construction
Construction industry hopes for Saudiisation policy change
Construction industry leaders at the Saudi Talent in Construction Conference organised in association with the Human Resources Development Fund (HRDF) say they are hoping for a relaxation in the Ministry of Labour’s Nitaqat Saudiisation targets which they claim have seriously weakened…
MEED conference told Saudi construction labour initiative to be launched
The Saudi Talent Conference organised in association with the Human Resources Development Fund (HRDF) was told this morning that a construction sector council is to be launched to promote the employment of Saudi Arabians in the industry. This will the…
AWCS told that GCC needs a new approach to delivering megaprojects
The annual MEED Arabian World Construction Summit (AWCS) was told today that the GCC needs to develop a new approach to delivering megaprojects and establish institutions that can capture information about them. “Building roads is demanding but not complex,” said co-founder…
AWCS told Jeddah Economy Company investment will be up to SR20bn by 2020
The annual Arabian World Construction Summit (AWCS) was told this morning that first-phase investment in the Jeddah Kingdom Tower and residential and commercial development will be SR18bn-20bn. The project’s first phase is scheduled to be completed 2020, Jeddah Economic Company…
AWCS told construction contracts worth $60bn already awarded in the GCC so far in 2014
MEED Insight head Ed James told the annual Arabian World Construction Summit (AWCS) in Dubai this morning that the value of new contract awards in the GCC so far this year had already reached $60bn. The largest market for new…
AWCS chairman calls for GCC collaboration in delivering $1tn of megaprojects
The GCC should act now to develop a regional megaproject information and excellence centre to support more than 100 megaprojects with an aggregate value of almost $1n that are due to be delivered in the region by 2025, Arabian World…