Construction Industry Today
Analysis of the Construction industry in GCC countries: Major Construction enterprises along with the Production and Demand data and trends (2017-2022)
The construction sector in GCC countries is growing at a rapid pace and is projected to reach USD XX billion by 2021 at a CAGR of X%. Greater exposure to trade, attractive investment environment, competition, and diversification are factors affecting the growth of this market.
Published 22 January 2018
This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in Construction industry of GCC countries.
Despite the fluctuations and instability in oil prices, the GCC real estate market has registered growth at a slow pace, as all the GCC countries look to maintain a diversified and balanced economic base. Construction has been the major focus of regional governments as can be seen from a steady stream of investments into this sector over other major sectors. As of mid-2016, the net value of projects planned in the region amounted to about USD 2 trillion and about 50% of these were in the construction sector directly, while indirect involvement from other sectors takes this figure to more than 70%.
Request sample copy of this report at: http://www.orbisresearch.com/contacts/request-sample/227421
Drivers
As countries look for substitutes for the oil and gas sector in terms of revenue generation, major investments have been made in the construction sector as it shows immense potential. Some countries have focused more on other sectors like transport, tourism etc. as these sectors also have a direct impact on pushing growth in the construction industry.
The mega events that shall take place in the region over the coming years include Dubai Expo 2020 and Qatar FIFA World Cup 2022. These events have a direct impact on the construction industry. Huge government investments and competition amongst GCC countries support the growth of this sector.
Read more details of the report at: http://www.orbisresearch.com/reports/index/analysis-of-the-construction-industry-in-gcc-countries-major-construction-enterprises-along-with-the-production-and-demand-data-and-trends-2017-2022
Restraints and Challenges
Declining and fluctuating oil prices pose a challenge for the government as they directly impact the budgets allocated for other sectors. Though these countries are diversifying their economies, they are very much dependent on oil and gas as of now. Human resource shortages have led to delays in many projects and heavy demand for materials has led to cost overruns in the GCC region.
The projects also get delayed by the slow payment process in the GCC region as governments cope with reduced oil revenues and sometimes private contractors have to wait for long periods, leading to foreign companies reconsidering investments in the GCC region.
Opportunities
With a series of mega-events like the Dubai Expo 2020 and Qatar FIFA World Cup 2022, GCC will never be short of opportunities. Population in the region is constantly on the rise due to both high birth rates and expatriate arrivals.
Analysts in the real estate sector see this as an opportunity and predict that increased number of houses, apartments, and other residential places will be needed in the near future. Moreover, as the competition to excel in non-oil sector heats up amongst the GCC countries, all nations are relaxing their rules and regulations to attract foreign investors through incentives.
Read more details of the report at: http://www.orbisresearch.com/reports/index/analysis-of-the-construction-industry-in-gcc-countries-major-construction-enterprises-along-with-the-production-and-demand-data-and-trends-2017-2022
Key Deliverables in the Study
PESTLE analysis (overview): Macro market factors pertinent to this region.
Market definition: Main as well as associated/ancillary components constituting the market.
Key findings of the study: Top headlines about market trends & numbers.
Market dynamics:
Drivers: Key factors driving growth in the market.
Restraints: Most relevant threats and restraints hindering the growth of the market.
Opportunities: Sectors of high return or quick turnaround on investment.
Market concentration: Porter’s five forces analysis quantified by a comprehensive list of parameters.
Chain analysis.
Competition:
Market share analysis: Top players in the market (by value and volume)
Company profiles: Pertinent details about leading, high growth, and innovation-motivated stakeholders; with contact, operations, product/service offerings, financials, strategies, and insights.
Enquire more details of the report at: http://www.orbisresearch.com/contact/purchase/227421
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Information:
Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019
Despite the fluctuations and instability in oil prices, the GCC real estate market has registered growth at a slow pace, as all the GCC countries look to maintain a diversified and balanced economic base. Construction has been the major focus of regional governments as can be seen from a steady stream of investments into this sector over other major sectors. As of mid-2016, the net value of projects planned in the region amounted to about USD 2 trillion and about 50% of these were in the construction sector directly, while indirect involvement from other sectors takes this figure to more than 70%.
Request sample copy of this report at: http://www.orbisresearch.com/contacts/request-sample/227421
Drivers
As countries look for substitutes for the oil and gas sector in terms of revenue generation, major investments have been made in the construction sector as it shows immense potential. Some countries have focused more on other sectors like transport, tourism etc. as these sectors also have a direct impact on pushing growth in the construction industry.
The mega events that shall take place in the region over the coming years include Dubai Expo 2020 and Qatar FIFA World Cup 2022. These events have a direct impact on the construction industry. Huge government investments and competition amongst GCC countries support the growth of this sector.
Read more details of the report at: http://www.orbisresearch.com/reports/index/analysis-of-the-construction-industry-in-gcc-countries-major-construction-enterprises-along-with-the-production-and-demand-data-and-trends-2017-2022
Restraints and Challenges
Declining and fluctuating oil prices pose a challenge for the government as they directly impact the budgets allocated for other sectors. Though these countries are diversifying their economies, they are very much dependent on oil and gas as of now. Human resource shortages have led to delays in many projects and heavy demand for materials has led to cost overruns in the GCC region.
The projects also get delayed by the slow payment process in the GCC region as governments cope with reduced oil revenues and sometimes private contractors have to wait for long periods, leading to foreign companies reconsidering investments in the GCC region.
Opportunities
With a series of mega-events like the Dubai Expo 2020 and Qatar FIFA World Cup 2022, GCC will never be short of opportunities. Population in the region is constantly on the rise due to both high birth rates and expatriate arrivals.
Analysts in the real estate sector see this as an opportunity and predict that increased number of houses, apartments, and other residential places will be needed in the near future. Moreover, as the competition to excel in non-oil sector heats up amongst the GCC countries, all nations are relaxing their rules and regulations to attract foreign investors through incentives.
Read more details of the report at: http://www.orbisresearch.com/reports/index/analysis-of-the-construction-industry-in-gcc-countries-major-construction-enterprises-along-with-the-production-and-demand-data-and-trends-2017-2022
Key Deliverables in the Study
PESTLE analysis (overview): Macro market factors pertinent to this region.
Market definition: Main as well as associated/ancillary components constituting the market.
Key findings of the study: Top headlines about market trends & numbers.
Market dynamics:
Drivers: Key factors driving growth in the market.
Restraints: Most relevant threats and restraints hindering the growth of the market.
Opportunities: Sectors of high return or quick turnaround on investment.
Market concentration: Porter’s five forces analysis quantified by a comprehensive list of parameters.
Chain analysis.
Competition:
Market share analysis: Top players in the market (by value and volume)
Company profiles: Pertinent details about leading, high growth, and innovation-motivated stakeholders; with contact, operations, product/service offerings, financials, strategies, and insights.
Enquire more details of the report at: http://www.orbisresearch.com/contact/purchase/227421
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Information:
Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019
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