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MEED Webinar Presentation: MENA Construction and Infrastructure Projects Market 2024
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The MENA Construction and Infrastructure Projects Market presentation contains:
- Summary of historical civil construction and infrastructure sectors performance
- Summary of market performance 2024 year-to-date plus outlook for 2025 and beyond
- Evaluation of key awarded projects
- Breakdown of performance by subsector and country
- The main drivers
- The top clients and contractors
- Construction output long-term forecast
- Analysis of momentum index
- Market risk assessment
- Focus on key technologies: AI and Modular Construction
- Q&A session
Preview:
As of mid-March, there are more than $140bn worth of construction and infrastructure contracts tendered or under bid evaluation in the MENA region, which would indicate this year will surpass 2023.
Sustainability. ESG is the hot topic of the moment. Contractors are under pressure to increasingly deliver projects sustainably either in terms of the materials they use (i.e. green cement/steel) and/or the in terms of the sustainability credentials of the assets themselves.
According to IMF’s World Economic Outlook (April 2023), nearly 40 per cent of debt is still held by countries in Northern Africa. However, GCC countries are actively promoting foreign investment and streamlining regulations to attract capital for infrastructure projects.
In keeping with the theme of this presentation, Saudi is by far the largest projects market in terms of the total projects pipeline, with more than $1.28 trillion worth of known future construction and infrastructure projects. Mixed-use schemes dominate in terms of sectors, but every segment has a sizeable opportunity
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