Next Event Dates - Register Today
9th December, 2012 - Radisson Blu Hotel, Dubai Media City,
Record oil revenues, Qatar 2022 FIFA World Cup preparations, Investments in energy, infrastructure, real estate and oil & gas, there is a lot happening in GCC’s US$ 500bn projects market for 2012 and beyond.
MENA Region’s attractiveness has fuelled the growth in population, which is projected to increase from 340 million to 600 million by 2030 and the MENA region’s GDP will grow from $2.4 Trillion to $3.6 Trillion providing a boom for the construction related industries to meet the demands of projects in the next 5 to 10 years.
Countries such as Saudi Arabia are investing mainly in transportation (roads & railway) and also upgrading their downstream petrochemical industry. Leading the way are projects from Saudi Aramco, Saudi Electricity Company, Saudi Railway Company and Ministry of Finance focusing fully on the kingdom’s plan to diversify and modernize their infrastructure.
Qatar also is increasing spending on major projects in preparations for the 2022 FIFA World Cup; again a big focus for 2011 is on their railway programme. UAE particularly Abu Dhabi, is refocusing its attention to its long term infrastructure by proceeding its delayed programs of 2011.
Like Saudi Arabia, Kuwait also is investing in improving it downstream refining operations and their Public-Private Partnership (PPP) activity should pick-up as a result. Iraq’s political stability and a gradual increase in oil production are seeing considerable interest by contractors to develop their infrastructure as a result of excess income from oil exports.
While it may be too soon to see a visible uplift in activity, many contractors are also looking closely at the Egyptian and Libyan projects markets for new opportunities. The hope is that new governments in both countries will act as a catalyst for new development and increased investment.
Another notable trend will be whether Korean contractors can continue their dominance of the projects market. Having won the majority of major energy schemes over the past three years, all eyes will on whether they can maintain their position or whether Chinese and Indian contractors will come to the fore.
With so much activity, it is important for you to understand what is really going on, a meaning, an indepth analysis into the region's project market.
The Expert Series
by MEED Insight is the only platform where you get a chance to seek answers, ask questions directly from the writers of MEED Insight's premium research reports.
Why should you attend The Expert Series?
Who are the Experts?
- You get unique insight into the region’s Macro Economic factors
- First-hand information on key developments with data from MEED Projects
- Outlook on sectors such as Power, Construction, Oil & Gas, Petrochemicals, Infrastructure and Transport
- Discussions on Industry trends in markets such as Qatar, Iraq and Libya
- Future prospects and opportunities in the regions projects market
Edmund O’ Sullivan, Chairman,
Ed James, Head,
Jennifer M. Aguinaldo, Senior Analyst,
Angus Hindley, Research Editor,
Colin Foreman, News Editor,
Mathew Martin, Banking & Finance Editor,
‘Great & engaging seminar’ Stuart Wilkinson, Strategy Manager – Habtoor Leighton Group
‘Perfect, compact seminar for someone unfamiliar with the market to give him/her an overview’ Asuka Tatebayashi, Researcher – JBIC
‘Well done! Interesting comments & presenters’ Thomas Orr, VP (Business Development) – Jacobs
‘The seminar gave a very
comprehensive overview about the ME projects market that be a good
reference for us as we consider our future plans for the region in
short/mid-term’ Diana Bautista, Analyst – JETRO
‘Interesting & Enriching!’ Sibila Samardge, Business Consultant – Siemens
‘It provided a concise & information packed review of projects in the region’ John Warner, Regional Head – Jord International
Click below to view Photos and Video from the Dubai Event: