Construction activity maintained its momentum into 2021, with $156 billion worth of projects awarded over the year across MENA.
16 February 2022
Insight
16 February 2022
MENA Construction Economic and Cost Insight
Categories:
Authors
Ben Jackson
Gary Tracey MRICS
Louise Collins
Mohamed Tawfik
Laura Morgan MRICS
Steven Blandford
Albinas Kontrimas
Maroun Deeb
James Esau MRICS
Ian Hawkes
Mohamed Nabil
Construction activity maintained its momentum into 2021, with $156 billion worth of projects awarded over the year across MENA.
Announcements by Egypt, KSA and UAE of their planned 2022 government spending, the ‘race to Net-Zero’ commitments and enhancements to the construction sector such as digital transformation are expected to continue to drive growth in the region. Furthermore, market sentiment is anticipated to improve as commodity prices stabilise over the course of the year. It is also envisaged that new trends observed over the past two years and a shift in societal behaviours could lead to future developments.
Read our MENA Construction Economic and Cost Insight Review to find out more.