UAE- GCC construction on recovery path Dh8.8 trillion act

(MENAFN - Khaleej Times) The GCC construction market is estimated at $2.4 trillion (Dh8.8 trillion) with around 21,000 active projects while $33.8 billion (Dh124 billion) worth of projects were completed last year, says a report.
Despite the drop in announcements and contract awards, project completions were steady in 2020 at $196.4 billion (Dh 721 billion), almost the same as of 2019, with the second half delivering 68 per cent of the total completions in 2020, according to BNC Projects Journal, released by Industry Networks.
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The UAE led the urban project completions with 50 per cent share, while Saudi Arabia drove energy project completions with 33 per cent contribution. Qatar came across as a top contributor in the transport sector with 39 per cent share, followed by the UAE with 23 per cent share.

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