Public spending leads to Gulf construction boom | ASHARQ AL-AWSAT

Public spending leads to Gulf construction boom | ASHARQ AL-AWSAT:

"The Gulf construction sector has witnessed significant growth over the past year, primarily as a result of state-sponsored projects, economic experts informed Asharq Al-Awsat.

One expert said: “The construction sector in the Gulf region has recorded noticeable growth in the past year, mainly due to large construction projects undertaken by regional governments,” adding, “This has helped the industry recover from last year’s decline.”

Experts predicted that the value of regional construction projects over the next 5 years will stand at approximately USD 800 billion.

These construction projects will include infrastructure and services, which in turn will support the growth of related sectors, such as construction equipment and materials."

'via Blog this'