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Gulf states shed $27bn as project completions outpace awards

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Gulf states shed $27bn as project completions outpace awards

“There has been an $11bn drop in activity in Kuwait while the UAE has experienced a $9bn reduction in activity so far this year”

“The GCC has shed $27bn-worth of project work across all sectors as contracts are com-pleted and new awards slow as the region struggles with the impact of the Covid-19 pandemic. According to data from regional pro-ject’s tracker MEED Projects, there were $57bn-worth of contracts completed this year until…”

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