Gulf Cooperation Council (GCC) Construction Outlook 2021 – Trends, Opportunities and Challenges in GCC Construction in 2021 and 2022 – MEED Insights

After a six-year slowdown triggered by the crash in oil prices in 2014 and deepened by the impact of Covid-19, the GCC construction industry is set for a strong recovery in 2021 and 2022.

Boosted by government stimulus spending aimed at accelerating the post-Covid recovery, the region’s contractors, engineers and manufacturers can look to forward to a healthy increase in building and infrastructure projects in the coming two years.

And while the government support measures will boost construction activity in the coming year, the longer-term outlook is boosted by the region’s improving fiscal situation as oil prices recover and oil output caps are eased.

With a $1.9tn pipeline of future construction and transport infrastructure projects planned across the GCC, there is no shortage of potential project opportunities waiting to be unlocked.

Healthy Pipeline

While some of these planned projects are still many years away from becoming real projects, such as the majority of the Saudi Arabia’s $500bn Neom future city development, there is a significant backlog of work that has been delayed by the pandemic, but which can be brought quickly to the market.

According to projects tracking database MEED Projects, about $107bn of planned construction and transport projects in the GCC are already at some stage of tendering. If is fair to assume that the majority of these will be awarded within the coming 18 months.

Given that the average annual value of construction contracts awarded in the GCC since 2016 has been $61bn a year, with awards falling to a mere $43bn last year, this marks a significant increase in the pace of construction activity.

In addition, about $303bn of planned construction and transport projects in the GCC are at the design stage. While some will inevitably be delayed, these projects ensure that there is plenty of potential opportunities so long as the macro economic and fiscal conditions are favourable.

But the post-Covid GCC construction sector will have a different flavour to the market before 2015, which was driven by strong government spending on infrastructure, particularly rail projects, and an influx of money into GCC real estate from across the region following the disruption of the Arab Spring.

Saudi leads the way

In the coming years, Saudi Arabia will provide the biggest supply of new construction opportunities in the GCC.

With over $1tn of construction and transport projects planned, and about $58bn of construction contracts being tendered, Saudi Arabia is by far the region’s biggest construction market. On its own, the kingdom accounts for 54 per cent of all construction projects planned in the GCC, and 54 per cent of those being tendered.

Led by the Public Investments Fund’s programme of Vision 2030 gigaprojects, the a new wave of projects such as Neom, The Red Sea Project, Qiddiya entertainment city and Diriyah Gate, is being delivered by new generation of clients, whose focus is very centred on the development of local capacity, and on using digital technology to reduce waste and improve productivity. Companies seeking to win work in Saudi Arabia’s new programme of projects must be prepared to invest in local content, and be ready to innovate.

For many companies, the recovery of the UAE’s projects market will be welcome news. For so long, the driver of major real estate and infrastructure, the slowdown in the Dubai and Abu Dhabi markets has cast a particularly dark shadow over the region’s construction industry.

Some $505bn of construction and transport projects are planned in the UAE, but only about $17bn are being tendered, similar to the value of construction contracts being tendered in Qatar, a much smaller market. The lack of a visible pipeline of new projects in the UAE has been a major concern for the construction industry

Stimulus spending is not a new tactic for the UAE, and one federal project that is already being developed to stimulate future economic growth is Etihad Rail. In Abu Dhabi’s energy and petrochemicals sector is forging ahead with new projects, while housing and real estate is also expected to play a key role. Aldar is tendering work for projects on Abu Dhabi’s Saadiyat and Yas islands, while in Dubai rising property prices have accelerated a range of villa and waterfront apartment projects developed by the likes of Nakheel, Emaar and Meraas.

Across the region, increased use of public-private partnerships (PPPs) to deliver public services will see a new breed of private-sector clients for infrastructure projects. This will change the relationship between contractors and their clients and will add momentum to the need to innovate and reduce waste

Written by MEED, the Middle East market experts within the GlobalData Group, "GCC Construction Outlook 2021" provides a comprehensive analysis of the key trends, opportunities and challenges facing GCC construction.

The report provides construction companies, contractors, suppliers, manufacturers and consultants with a powerful resource that will help them to identify new opportunities, set strategy, and mitigate risk in the GCC.

Scope

NA

Reasons to buy

Outlook assessment for the GCC construction market

Comprehensive review of construction market in all six GCC countries

Examination of projects planned and underway in GCC construction

Client analysis covering project plans and strategic objectives

Top 100 GCC construction clients

Overview of leading contractor activity

Top 100 GCC construction contractors

All the latest data and information of construction market trends

Analysis of the challenges facing GCC construction

Table of Contents

1. The outlook for GCC construction in 2021

1.1 Post-Covid recovery

1.2 Outlook for construction

1.3 Megaprojects driving the market

2. GCC construction trends

2.1 Construction activity slumps in 2020

2.2 Finance

2.2.1 Cash flow challenges increase for GCC contractors

2.3 Localisation

2.3.1 The balancing act of localisation

2.3.2 Localisation in the age of Covid-19

2.4 Country snapshots

2.4.1 Bahrain

2.4.2 Kuwait

2.4.3 Oman

2.4.4 Qatar

2.4.5 Saudi Arabia

2.4.6 UAE

3. Projects

3.1 Contract awards

3.2 Projects completed in 2020 versus project contracts awarded

3.3 Project Activity Monitor

3.4 Biggest construction contracts awarded in the GCC in 2020

3.5 Biggest construction projects completed in the GCC in 2020

3.6 Pipeline of planned projects

4. Top 100 GCC construction clients

4.1 Most active construction client

4.2 Top 100 construction clients

5. Top 100 contractors

5.1 Most active contractors

5.2 Top 100 contractors

6. Public Private Partnerships (PPP)

6.1 Public-private partnerships (PPP)

6.2 Financing infrastructure through Public-private partnerships (PPP)

6.3 PPP track record

6.4 PPP law in the GCC

7. Smart construction in the Middle East

7.1 Drivers of change

7.1.1 Covid-19

7.1.2 Climate change and decarbonisation

7.2 Enablers of change

7.2.1 Building information modelling (BIM)

7.2.2 Manufactured solutions

7.3 The extent of digitalisation in GCC construction

7.3.1 Momentum builds for the digital transformation of construction

7.3.2 Cloud drives the digitalisation

8. Post-Covid recovery

8.1 Project spending

8.2 Construction cash flow

8.3 The future of construction finance

8.4 Cashflow management

8.4.1 Preserve liquidity

8.4.2 Adopt operational excellence

8.4.3 Agile business model

8.4.4 Diversify

8.5 Financing projects

8.5.1 Project finance

8.5.2 PPP

8.5.3 Export credit

9. Bahrain

9.1 Market overview

9.1.1 Impact of Covid-19

9.1.2 Key trends

9.1.3 Vision 2030

9.1.4 Investment opportunities in Bahrain

9.2 Project trends and pipeline

9.2.1 Construction

9.2.2 Transport

9.3 Construction cash flow

9.3.1 Construction cash flow

9.3.2 Bahrain project activity monitor

9.3.3 Bahrain construction market sustainability

9.4 Finance

9.4.1 Bahrain budget 2021

9.4.2 Bahrain government finances

9.4.3 Gulf Development Fund

9.4.4 Bahrain banking sector

9.4.5 Bahrain bank exposure to construction sector

9.5 Sector analysis

9.5.1 Construction

9.5.2 Transport

9.6 Leading clients and contractors

9.6.1 Construction

9.6.2 Transport

10. Kuwait

10.1 Market overview

10.1.1 Kuwait construction in 2020

10.1.2 Impact of Covid-19 on Kuwait construction

10.1.3 Construction contract award trends

10.1.4 Outlook for Kuwait construction

10.2 Kuwait project trends and pipeline

10.2.1 Kuwait Construction

10.2.2 Kuwait transport

10.3 The Kuwait Masterplan

10.4 Privatisation Programme and PPP

10.4.1 Major projects planned by KAPP

10.5 Construction cash flow

10.5.1 Kuwait construction cash flow

10.5.2 Kuwait projects activity monitor

10.5.3 Kuwait construction market sustainability

10.6 Finance

10.6.1 Kuwait budget 2021/22

10.6.2 Kuwait government finances

10.6.3 Kuwait banking sector

10.6.4 Kuwait bank exposure to the construction sector

10.7 Sector analysis

10.7.1 Construction

10.7.2 Transport

10.8 Leading construction clients and contractors in Kuwait

10.8.1 Construction

10.8.2 Transport

11. Oman

11.1 Market overview

11.1.1 Oman construction in 2020

11.1.2 Contract awards

11.1.3 Biggest construction and transport contract awards 2020

11.1.4 Major ongoing construction and transport projects

11.1.5 Impact of Covid-19

11.1.6 Oman construction industry trends

11.1.7 Vision 2040 and the Tenth five-year plan

11.2 Construction cash flow

11.2.1 Oman construction cash flow

11.2.2 Oman projects activity monitor

11.2.3 Oman construction market sustainability

11.3 Finance

11.3.1 Budget 2021

11.3.2 Oman government finances

11.3.3 Oman banking sector

11.3.4 Oman bank exposure to the construction sector

11.4 Project trends and pipeline

11.4.1 Oman construction projects

11.4.2 Oman transport projects

11.5 Sector analysis

11.5.1 Construction

11.5.2 Transport

11.6 Leading clients and contractors

11.6.1 Construction

11.6.2 Transport

12. Qatar

12.1 Market overview

12.1.1 Doha gears policy to maximise World Cup 2022 benefit

12.1.2 Crossroads for construction as focus shifts to next generation of projects

12.1.3 Contract awards

12.1.4 Qatar construction market shows resilience in 2020

12.1.5 Impact of Covid-19

12.1.6 Key trends

12.1.6.1 Qatar turns its attention to profile-raising reforms

12.1.6.2 Doha pushes private sector involvement

12.1.6.3 Qatar turns its attention to profile-raising reforms

12.1.6.4 Major megaprojects under execution or planned in Qatar

12.1.7 Vision 2030

12.2 Project trends and pipeline

12.2.1 Qatar construction

12.2.2 Qatar transport

12.3 World Cup 2022 progress report

12.3.1 Overview

12.3.2 Status of World Cup 2022 related projects

12.4 Construction cash flow

12.4.1 Qatar construction cash flow

12.4.2 Qatar projects activity monitor

12.4.3 Qatar construction market sustainability

12.5 Finance

12.5.1 2021 budget

12.5.2 Qatar government finances

12.5.3 Qatar banking sector

12.5.4 Qatar banks exposure to the construction sector

12.6 Sector analysis

12.6.1 Qatar construction

12.6.2 Qatar transport

12.7 Leading clients and contractors

12.7.1 Qatar construction

12.7.2 Transport

13. Saudi Arabia

13.1 Market overview

13.1.1 Impact of Covid-19

13.1.2 Key trends

13.1.2.1 The best of Vision 2030 is yet to come

13.1.3 Megaprojects in Saudi Arabia

13.2 Project trends and pipeline

13.2.1 Construction

13.2.2 Transport

13.3 Vision 2030

13.3.1 Targets

13.3.2 Progress report

13.3.3 Privatisation and PPPs

13.3.4 National Transformation Programme (NTP)

13.3 Construction cash flow

13.3.1 Saudi Arabia construction cash flow

13.3.2 Saudi Arabia project activity monitor

13.3.3 Saudi Arabia construction market sustainability

13.4 Finance

13.4.1 Saudi Arabia budget 2021

13.4.2 Saudi Arabia government finances

13.4.3 Public Investment Fund (PIF)

13.4.4 Saudi Arabia banking sector

13.4.5 Saudi Arabia bank exposure to the construction sector

13.5 Sector analysis

13.5.1 Construction

13.5.2 Transport

13.6 Leading clients and contractors

13.6.1 Construction

13.6.2 Transport

14. UAE

14.1 Market overview

14.1.1 Impact of Covid-19

14.1.2 Project trends

14.1.3 Project pipeline

14.1.4 Leading clients and contractors

14.2 Construction cash flow

14.2.1 UAE construction cash flow

14.2.2 UAE construction project activity monitor

14.2.3 UAE construction market sustainability

14.3 Finance

14.3.1 Federal Budget 2021

14.3.2 UAE government finances

14.3.3 UAE banking sector

14.3.4 UAE bank exposure to the construction market

14.4 Dubai

14.4.1 Market overview

14.4.2 Project trends and pipeline

14.4.3 Dubai Expo 2021

14.4.4 Budget 2021

14.4.6 Sector Analysis

14.4.7 Dubai leading construction clients and contractors

14.4.7.1 Dubai leading contractors

14.4.7.2 Dubai leading construction clients

14.5 Abu Dhabi

14.5.1 Market overview

14.5.2 Project trends and pipeline

14.5.3 Budget 2021

14.5.4 Sector analysis

14.5.5 Abu Dhabi leading construction clients and contractors

14.5.5.1 Abu Dhabi leading contractors

14.5.5.2 Abu Dhabi leading construction clients

14.6 Northern Emirates

14.6.1 Project trends and pipeline

14.6.2 Ajman construction and transport sector analysis

14.6.3 Fujairah construction and transport sector analysis

14.6.4 Ras Al-Khaimah construction and transport sector analysis

14.6.5 Sharjah construction and transport sector analysis

14.6.6 Umm al-Quwain construction and transport sector analysis

14.6.7 Northern Emirates construction contractors and clients

14.6.7.1 Northern Emirates leading contractors

14.6.7.2 Northern Emirates leading clients

Disclaimer

List of Tables

Table 1: Biggest construction and transport projects awarded in 2020

Table 2: Biggest projects completed in 2020

Table 3: Bahrain’s largest construction and transport contract awards in 2020

Table 4: Bahrain major pipeline construction project contract awards ($m), 2021–22

Table 5: Bahrain, transport projects awarded in 2021 ($m)*

Table 6: Bahrain major pipeline transport project contract awards ($m), 2021–22

Table 7: Selected Construction Permits by Type in Bahrain

Table 8: Impaired loans in Bahraini banks, by type of bank and sector

Table 9: Aggregate balance sheet of banking system in Bahrain ($m)

Table 10: Largest ongoing real estate projects

Table 11: Planned real estate projects for 2021–22

Table 12: Most active real estate clients by value of work underway ($m)

Table 13: Future Ministry of Housing projects

Table 14: Major healthcare projects in Bahrain

Table 15: Top healthcare clients, Bahrain

Table 16: Top healthcare contractors, Bahrain

Table 17: Top hospitality clients in Bahrain ($m)

Table 18: Bahrain major road projects planned or underway

Table 19: Top road clients in Bahrain ($m)

Table 20: Bahrain Rail projects

Table 21: Bahrain major seaport projects planned or underway

Table 22: Kuwait major construction and transport contracts awarded in 2020

Table 23: Kuwait, construction projects awarded in 2021 ($m)*

Table 24: Kuwait top pipeline construction project contract awards ($m), 2021–22

Table 25: Kuwait, transport projects awarded in 2021 ($m)*

Table 26: Kuwait top transport project contract awards in pipeline ($m), 2021–22

Table 27: KAPP's construction projects

Table 28: Credit to construction and real estate sectors in Kuwait

Table 29: Selected PAHW contract awards

Table 30: PAHW townships under execution/completed

Table 31: PAHW planned cities

Table 32: Most active residential sector clients by value of work underway ($m)

Table 33: Kuwait University awarded projects

Table 34: Kuwait University projects yet to be awarded

Table 35: Main hospital projects under execution

Table 36: Planned hospital projects

Table 37: Value of road projects planned and underway

Table 38: Packages under the Southern Regional Road

Table 39: Packages under the North and East Regional Highway

Table 40: Ministry of Public Works' main road projects underway

Table 41: Planned road projects

Table 42: Kuwait top road sector clients ($m)

Table 43: Kuwait International Airport expansion projects

Table 44: Kuwait top airport clients ($m)

Table 45: Kuwait top airport contractors ($m)

Table 46: Kuwait rail projects

Table 47: Kuwait National Rail Road packages

Table 48: Kuwait Metropolitan Rapid Transit project: Original plan

Table 49: Prequalifiers for Mubarak al-Kabeer package 3A

Table 50: Mubarak al-Kabeer seaport active projects

Table 51: Planned KPA upgrades

Table 52: Largest construction and transport contracts awards in 2020

Table 53: Major construction and transport under execution in Oman

Table 54: Total number of expatriate workers in Oman from 2019–2021

Table 55: Bank credit to the construction sector in Oman

Table 56: Major construction projects due for award in 2021–22 ($m)

Table 57: Transport contracts awarded in Oman in 2021 ($m)*

Table 58: Major planned transport contract awards during 2021–22

Table 59: Upcoming residential projects in Oman

Table 60: Major mixed-use real estate projects planned, Oman

Table 61: Major tourism-related projects under execution ($m)

Table 62: Major unawarded tourism-related projects in Oman ($m)

Table 63: Major education projects planned or underway in Oman ($m)

Table 64: Major Hospital projects planned or underway in Oman ($m)

Table 65: Major road contracts under execution in Oman ($m)

Table 66: Batinah Expressway awarded contracts

Table 67: Major Road projects in the pre-execution phase in Oman ($m)

Table 68: Airport projects planned in Oman ($m)

Table 69: Oman National Railway Packages

Table 70: Major seaport projects planned or underway in Oman ($m)

Table 71: Qatar major construction and transport contract awards in 2020

Table 72: Largest megaprojects planned or underway in Qatar

Table 73: Qatar, construction projects awarded in 2021 ($m)*

Table 74: Qatar top pipeline construction project contract awards ($m), 2021–22

Table 75: Qatar, transport projects awarded in 2021 ($m)*

Table 76: Qatar top pipeline transport project contract awards ($m), 2021–22

Table 77: FIFA World Cup 2022 related projects underway

Table 78: Credit to the construction and real estate sectors in Qatar

Table 79: Select major contracts under execution at Lusail City

Table 80: Contracts due for award at Lusail City

Table 81: Major contracts under execution at the Pearl-Qatar

Table 82: Major real estate projects expected to be awarded in 2021

Table 83: Major tourism projects underway in Qatar

Table 84: 2033 Hospital services gap analysis

Table 85: Capital programme estimates (QRm)

Table 86: Planned hospital projects under Qatar Healthcare Facilities Masterplan 2013–33

Table 87: Major hospital projects planned and underway ($m)

Table 88: Major unawarded education projects

Table 89: Major unawarded packages on the Expressway Programme

Table 90: Local roads and drainage programme

Table 91: Major unawarded road projects

Table 92: Qatar Passenger & Freight Rail

Table 93: Status of various phases of the Doha Metro Project

Table 94: Hamad International Airport Expansion

Table 95: Hamad Port main contracts

Table 96: Other major port projects

Table 97: Largest construction and transport contract awards in 2020

Table 98: Major construction and transport projects on hold in Saudi Arabia

Table 99: Select construction projects awarded in Saudi Arabia in 2021 ($m)*

Table 100: Major construction projects due for award in 2021–22 ($m)

Table 101: Select transport projects awarded in Saudi Arabia in 2021 ($m)*

Table 102: Major transport projects due for award in 2021–22 ($m)

Table 103: Government budgets 2020–2021 (SRbn)

Table 104: Credit to the building & construction sector by Saudi banks

Table 105: Major real estate projects expected to be awarded in 2021

Table 106: The $68bn Saudi Housing Project – packages planned and underway

Table 107: Major tourism projects planned and underway in Saudi Arabia

Table 108: Major hospital projects planned and underway in Saudi Arabia

Table 109: Major unawarded education projects

Table 110: Major unawarded road projects

Table 111: North-South Railway projects planned and underway

Table 112: Major metro projects in Saudi Arabia

Table 113: Riyadh Metro projects planned and underway

Table 114: Mecca Metro packages

Table 115: Medina Metro Project

Table 116: Jeddah Metro phase 1

Table 117: Jeddah LRT and tramway: phase 1

Table 118: Jeddah Metro Project

Table 119: Major unawarded airport projects

Table 120: Port cargo throughput (tonnes), 2015–2020

Table 121: Container volume throughput (TEUs), 2015–2020

Table 122: Major port projects planned and underway

Table 123: Biggest contract awards in UAE in 2020 ($m)

Table 124: Biggest construction and transport contract awards in UAE in 2021*

Table 125: Major construction contracts due for award in 2021–2022

Table 126: Major transport contracts due for award in 2021–2022

Table 127: UAE bank credit to the construction & real estate

Table 128: Biggest construction and transport contract awards in Dubai in 2020 ($m)

Table 129: Biggest construction and transport contract awards in Dubai in 2021*

Table 130: Selected major construction and transport contracts due for award in 2021–22

Table 131: Dubai major construction project contracts in bidding stages by value ($m), 2021–22

Table 132: Dubai major planned real estate projects by value ($m), 2021–22

Table 133: Top Unawarded hospitality projects in Dubai ($m)

Table 134: Major Dubai Government housing schemes under construction by value ($m)

Table 135: Unawarded education projects in Dubai by value ($m)

Table 136: Largest transport projects under construction in Dubai by value ($m)

Table 137: Dubai major transport project contracts in bidding stages by value ($m), 2021–22

Table 138: Largest road projects under construction in Dubai by value ($m)

Table 139: Dubai planned aviation projects by value ($m)

Table 140: Dubai major planned rail projects by value ($m)

Table 141: Biggest construction and transport contract awards in Abu Dhabi in 2020 ($m)

Table 142: Biggest construction and transport contract awards in Abu Dhabi in 2021*

Table 143: Selected major construction and transport contracts due for award in 2021–2022

Table 144: Abu Dhabi major construction project contracts in bidding stages by value ($m), 2021–22

Table 145: Abu Dhabi major planned real estate projects by value ($m), 2021–22

Table 146: Unawarded cultural, leisure and hospitality projects in Dubai ($m)

Table 147: Unawarded education projects in Abu Dhabi by value ($m)

Table 148: Largest transport projects under construction in Abu Dhabi by value ($m)

Table 149: Abu Dhabi major transport project contracts in bidding stages by value ($m), 2021–22

Table 150: Largest road projects under construction in Abu Dhabi by value

Table 151: Top Aviation projects planned or underway in Abu Dhabi ($m)

Table 152: Top Railway projects planned or underway in Abu Dhabi ($m)

Table 153: Top Seaport projects planned or underway in Abu Dhabi ($m)

Table 154: Biggest construction and transport contract awards in Northern Emirates in 2020 ($m)

Table 155: Selected major construction and transport contracts due for award in 2021–22 ($m)

Table 156: Top real estate projects planned or underway in Ajman ($m)

Table 157: Road projects under construction in Ajman by value ($m)

Table 158: Top real estate projects underway in Fujairah ($m)

Table 159: Road projects under construction in Fujairah by value ($m)

Table 160: Selected real estate projects due for award in Ras Al-Khaimah ($m)

Table 161: Unawarded hospitality projects in Ras Al-Khaimah by value ($m)

Table 162: Unawarded large road projects in Ras Al-Khaimah by value ($m)

Table 163: Sharjah major planned real estate projects by value ($m)

Table 164: Unawarded hospitality projects in Sharjah

Table 165: Unawarded road projects in Sharjah by value

Table 166: Unawarded hospitality projects due for award ($m)

List of Figures

Figure 1: GCC construction & transport awards by country, 2011-2020 ($bn)

Figure 2: GCC total project awards by country and sector, 2020 ($bn)

Figure 3: Construction and transport projects completed vs contracts awarded in 2020 ($bn)

Figure 4: GCC construction & transport cash flow, 2013-2020 ($bn)

Figure 5: Bahrain construction and transport awards, 2011–2020 ($m)

Figure 6: Bahrain construction and transport awards 2011–2020 by subsector (%)

Figure 7: Bahrain construction contract awards by sector ($m), 2011–2020

Figure 8: Bahrain construction contracts in pipeline by status (%)

Figure 9: Bahrain construction contracts in pipeline by segment (%)

Figure 10: Bahrain transport contract awards by sector ($m), 2011–2020

Figure 11: Bahrain transport contracts in pipeline by status (%)

Figure 12: Bahrain transport contracts in pipeline by segment (%)

Figure 13: Bahrain construction & transport cash flow, 2013-2020 ($bn)

Figure 14: Bahrain construction & transport project activity monitor, 2011-2020 ($bn)

Figure 15: Bahrain construction & transport market sustainability assessment

Figure 16: Outstanding loans & advances to construction & real estate in Bahrain (BD m)

Figure 17: Bahrain bank loan portfolios by sector (% share)

Figure 18: Leading real estate contractors by value of contracts under construction ($m)

Figure 19: Monthly change in number of inbound travellers 2019 vs. 2020

Figure 20: Top hospitality contractors in Bahrain ($m)

Figure 21: Top road contractors in Bahrain ($m)

Figure 22: Bahrain Metro proposed route

Figure 23: Bahrain planned rail networks

Figure 24: Leading construction clients by value of work underway ($m)

Figure 25: Main construction contractors by value of contracts under construction ($m)

Figure 26: Leading transport clients by value of work underway ($m)

Figure 27: Main transport contractors by value of contracts under construction ($m)

Figure 28: Kuwait construction and transport contracts, awarded and completed, 2011–2020 ($bn)

Figure 29: Kuwait construction and transport contracts, 2011–2020 ($m)

Figure 30: Kuwait construction and transport awards 2011–2020 by subsector (%)

Figure 31: Kuwait construction contract awards by sector ($m), 2011–2020

Figure 32: Kuwait construction contracts in pipeline by status (%)

Figure 33: Kuwait construction contracts in pipeline by segment (%)

Figure 34: Kuwait transport contract awards by sector ($m), 2011–2020

Figure 35: Kuwait transport contracts in pipeline by status (%)

Figure 36: Kuwait transport contracts in pipeline by segment (%)

Figure 37: The Third Kuwait Masterplan Review, 2005

Figure 38: Kuwait construction and transport cash flow, 2013-2020 ($bn)

Figure 39: Kuwait construction and transport project activity monitor, 2011-2020 ($bn)

Figure 40: Kuwait construction and transport market sustainability

Figure 41: Kuwait budget deficit

Figure 42: Location of PAHW’s new cities

Figure 43: Neighbourhoods in South Al-Mutlaa City

Figure 44: Top residential sector contractors by value of work underway ($m)

Figure 45: Sabah Al-Salem University Campus masterplan, 2010

Figure 46: Kuwait top contractors in the road sector ($m)

Figure 47: Kuwait International airport expansion

Figure 48: Kuwait city metro network

Figure 49: Most active construction clients by value of work underway ($m)

Figure 50: Most active construction contractors by value of work underway ($m)

Figure 51: Most active transport clients by value of work underway ($m)

Figure 52: Most active transport contractors by value of work underway ($m)

Figure 53: Oman construction and transport contract awards, 2011–2020 ($m)

Figure 54: Oman construction and transport contract awards 2011–2020 by subsector ($m)

Figure 55: Oman construction and transport awards 2011–2020 by subsector (%)

Figure 56: Oman construction & transport cash flow, 2013-2020 ($bn)

Figure 57: Oman construction & transport project activity monitor, 2011-2020 ($bn)

Figure 58: Oman construction & transport market sustainability assessment

Figure 59: Oman construction contract awards by sector ($m), 2011-2020

Figure 60: Oman construction contracts in pipeline by status (%)

Figure 61: Oman construction contracts in pipeline by segment (%)

Figure 62: Oman transport awards, 2011–2020 ($m)

Figure 63: Oman transport contracts in pipeline by status (%)

Figure 64: Oman transport contracts in pipeline by segment (%)

Figure 65: Leading clients in the residential sector by value of work under execution ($m)

Figure 66: Leading contractors in the residential sector by value of work under execution ($m)

Figure 67: Top tourism clients in Oman ($m)

Figure 68: Top tourism contractors in Oman ($m)

Figure 69: Leading clients in roads sector by value of work under execution ($m)

Figure 70: Leading contractors in roads sector by value of work under execution ($m)

Figure 71: Airport developments

Figure 72: Planned rail network

Figure 73: Oman planned rail network, Segment One

Figure 74: Oman Ports, Airport, Free Zones and Industrial Areas

Figure 75: Leading construction clients in Oman by value of work under execution ($m)

Figure 76: Leading construction contractors in Oman by value of work under execution ($m)

Figure 77: Leading transport clients in Oman by value of work under execution ($m)

Figure 78: Leading transport contractors in Oman by value of work under execution ($m)

Figure 79: Qatar construction and transport contract awards, 2011-2020 ($m)

Figure 80: Qatar construction and transport awards 2011–2020 by subsector (%)

Figure 81: Qatar construction contract awards by sector ($m), 2011–2020

Figure 82: Qatar construction contracts in pipeline by status (%)

Figure 83: Qatar construction contracts in pipeline by segment (%)

Figure 84: Qatar transport contract awards by sector ($m), 2011-2020

Figure 85: Qatar transport contracts in pipeline by status (%)

Figure 86: Qatar transport contracts in pipeline by segment (%)

Figure 87: Qatar construction & transport cash flow, 2013-2020 ($bn)

Figure 88: Qatar construction & transport project activity monitor, 2011-2020 ($bn)

Figure 89: Qatar construction & transport market sustainability assessment

Figure 90: Lusail land-use masterplan

Figure 91: Leading clients in real estate sector by value of work under execution ($m)

Figure 92: Leading contractors in real estate sector by value of work under execution ($m)

Figure 93: Road projects by status ($m)

Figure 94: Leading clients in roads sector by value of work under execution ($m)

Figure 95: Leading contractors in roads sector by value of work under execution ($m)

Figure 96: The proposed QIRP delivery schedule

Figure 97: Doha Metro map

Figure 98: Lusail LRT network

Figure 99: Leading clients in aviation sector by value of work under execution ($m)

Figure 100: Leading contractors in aviation sector by value of work under execution ($m)

Figure 101: Hamad Port

Figure 102: Leading clients in ports sector by value of work under execution ($m)

Figure 103: Leading contractors in ports sector by value of work under execution ($m)

Figure 104: Leading clients in construction sector by value of work under execution ($m)

Figure 105: Leading contractors in construction sector by value of work under execution ($m)

Figure 106: Leading clients in transport sector by value of work under execution ($m)

Figure 107: Leading contractors in transport sector by value of work under execution ($m)

Figure 108: Saudi Arabia construction and transport contract awards ($m), 2011-2020

Figure 109: Saudi Arabia construction and transport awards 2011–2020 by subsector (%)

Figure 110: Planned but unawarded construction and transport projects in Saudi Arabia ($m)

Figure 111: Saudi Arabia construction contract awards by sector ($m), 2011-2020

Figure 112: Saudi construction contracts in pipeline by status (%)

Figure 113: Saudi construction contracts in pipeline by segment (%)

Figure 114: Saudi Arabia transport contract awards by sector ($m), 2011-2020

Figure 115: Saudi transport contracts in pipeline by status (%)

Figure 116: Saudi transport contracts in pipeline by segment (%)

Figure 117: Saudi Arabia construction & transport cash flow, 2013-2020 ($bn)

Figure 118: Saudi Arabia construction & transport project activity monitor, 2011-2020 ($bn)

Figure 119: Saudi Arabia construction & transport market sustainability assessment

Figure 120: Saudi bank credit by sector, 2020 (SRbn)

Figure 121: Leading clients in real estate sector by value of work under execution ($m)

Figure 122: Leading contractors in real estate sector by value of work under execution ($m)

Figure 123: Leading clients in roads sector by value of work under execution ($m)

Figure 124: Leading contractors in roads sector by value of work under execution ($m)

Figure 125: Planned rail networks in Saudi Arabia to 2040

Figure 126: Riyadh Metro network

Figure 127: Mecca Metro

Figure 128: Jeddah transport masterplan

Figure 129: Leading clients in rail sector by value of work under execution ($m)

Figure 130: Leading contractors in rail sector by value of work under execution ($m)

Figure 131: Airport passenger numbers (millions), 2010–2020

Figure 132: Leading clients in aviation sector by value of work under execution ($m)

Figure 133: Leading contractors in aviation sector by value of work under execution ($m)

Figure 134: Leading clients in ports sector by value of work under execution ($m)

Figure 135: Leading contractors in ports sector by value of work under execution ($m)

Figure 136: Leading clients in the construction sector by value of work under execution ($m)

Figure 137: Leading contractors in the construction sector by value of work under execution ($m)

Figure 138: Leading clients in transport sector by value of work under execution ($m)

Figure 139: Leading contractors in transport sector by value of work under execution ($m)

Figure 140: UAE construction and transport contract awards, 2011-2020 ($m)

Figure 141: UAE construction and transport awards 2011–2020 by sector ($m)

Figure 142: Contract awards Dubai and Abu Dhabi, 2011-2020 ($bn)

Figure 143: UAE contract awards by emirate, 2020 ($m)

Figure 144: UAE contract awards by emirate in 2019 and 2020 ($bn)

Figure 145: UAE construction contracts in pipeline by status (%)

Figure 146: UAE construction contracts in pipeline by segment (%)

Figure 147: UAE transport contracts in pipeline by status (%)

Figure 148: UAE transport contracts in pipeline by segment (%)

Figure 149: UAE leading construction clients ($m)

Figure 150: UAE leading construction contractors ($m)

Figure 151: UAE leading transport clients ($m)

Figure 152: UAE leading transport contractors ($m)

Figure 153: UAE construction & transport cash flow, 2013-2020 ($bn)

Figure 154: UAE construction & transport project activity monitor, 2011-2020 ($bn)

Figure 155: UAE construction & transport market sustainability assessment

Figure 156: Dubai construction and transport contract awards, 2011-2020 ($m)

Figure 157: Dubai construction and transport contracts in pipeline by segment (%)

Figure 158: Dubai construction contract awards by sector ($m), 2011-2020

Figure 159: Dubai transport contract awards by sector ($m), 2011–2020

Figure 160: Dubai transport projects under construction by sector (per cent)

Figure 161: Dubai transport projects planned but unawarded by status ($m)

Figure 162: Dubai metro with planned expansions

Figure 163: Dubai leading contractors by value of contracts under execution ($m)

Figure 164: Dubai leading clients by value of contracts under execution ($m)

Figure 165: Abu Dhabi construction and transport contract awards, 2011-2020 ($m)

Figure 166: Abu Dhabi construction and transport contracts in pipeline by segment (%)

Figure 167: Abu Dhabi construction contract awards by sector ($m), 2011-2020

Figure 168: Education projects planned and underway by emirate

Figure 169: Abu Dhabi transport contract awards by sector ($m), 2011–2020

Figure 170: Abu Dhabi transport projects under construction by sector (per cent)

Figure 171: Abu Dhabi transport projects planned but unawarded by status ($m)

Figure 172: Etihad Rail

Figure 173: Abu leading contractors by value of contracts under execution ($m)

Figure 174: Abu Dhabi leading clients by value of contracts under execution ($m)

Figure 175: Northern Emirates construction and transport contract awards by Emirate, 2011-2020 ($m)

Figure 176: Northern Emirates construction and transport contracts in pipeline by segment (%)

Figure 177: Northern Emirates construction contract awards by sector ($m), 2011-2020

Figure 178: Northern Emirates transport contract awards by sector ($m), 2011-2020

Figure 179: Northern Emirates contractors by value of contracts under execution ($m)

Figure 180: Northern Emirates leading clients by value of contracts under execution ($m)

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