Description

The MENA Construction & Infrastructure Projects Market 2024

Covering buildings such as towers, villas, hotels, malls, schools and hospitals, as well as transport infrastructure like railways, ports, metros, roads and airports, The MENA Construction & Infrastructure Projects Market 2024 Report is a comprehensive analysis of sector trends, project opportunities, and challenges in the MENA region. It examines specific project opportunities and tenders in each country, historical, current and future contract awards, and highlights the top contractors and clients.

A new feature of the report will be our proprietary construction risk and construction momentum indices that provide further insight into the future of the market. There will also be a section on the latest emerging technology trends impacting project delivery.

Included in The MENA Construction & Infrastructure Projects Market 2024 report:

• Historical, current and future contract awards by country and subsector
• Top contractors and clients
• Provides alternative market sizing metrics with the propriety construction output model
• Details of current and future tenders
• Quantifies the size of the projects pipeline in each market and subsector
• Provides key risk, confidence and macroeconomic data
• Outlines the main drivers behind the region’s record projects performance
• Highlights the key opportunities and the context behind them
• Analysis of construction and infrastructure project spending plans across 14 markets in the region, including: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, and the UAE
• Explains the structure of the infrastructure and construction sectors
• Details the main projects due to be awarded in 2024 and beyond
• Identifies risks and opportunities

The report includes proprietary data from MEED Projects.

Record year propels construction and infrastructure growth

The projects market in the MENA region smashed all records in 2023. Propelled by the giga projects program in Saudi Arabia, a booming real estate market in the UAE, and large government infrastructure spending in Egypt, the region has never seen such a spate of activity.

In the GCC alone, contract awards hit an all-time record of $209bn last year, almost 20% up on the previous high, with both the UAE and Saudi Arabia having their best ever years.

As the market booms, companies globally are entering the region to take advantage of the diverse and huge opportunities available. Because of the intense competition for resources, project clients are reaching out beyond the region to attract projects firms to their project programs.

In parallel, contractual terms are becoming more flexible to attract contractors and suppliers, with the emergence of relatively novel procurement models such as early contractor involvement (ECI), FEED+EPC competitions, and even master contracting agreements.

The market book is likely to be prevalent for some time to come. The GCC alone has an astonishing projects pipeline in excess of $2.7 trillion, with Saudi Arabia comprising $1.5 trillion of this total.

A surge in foreign investment, rising real estate prices, the opening up of economies, and high oil prices are all factors driving this rapid project expansion.

Also key is the massive $880bn+ giga projects program in Saudi Arabia under its 2030 Vision. Giga projects like the $500bn NEOM development and the Kingdom’s first major tourism project on the Red Sea are making headlines around the world and attracting companies coming into the region for the first time.

With all these driver, the region will likely continue to see large-scale investments

But with this surge in project activity comes challenges. Cost inflation, logistical bottlenecks, labour and engineering shortages, and delays in the procurement of materials and equipment are all issues that companies need to understand, prepare for and overcome.

Energy security

Putting these opportunities and challenges into context and perspective is at the core of The MENA Construction & Infrastructure Projects Market 2024 Report. Not only does it quantify the size of the market opportunity with MEED’s exclusive details on specific projects and tenders, it also outlines how companies can navigate market complexities and makes it simple for anyone interested in the market to create a strategy and budget.

Exclusively from MEED, The MENA Construction & Infrastructure Projects Market 2024 Report is the authoritative go-to report for government decision makers, developers, investors, contractors, consultants, and manufacturers in the Middle East power sector.

Who will benefit from The MENA Construction & Infrastructure Projects Market 2024 report?

• Main, general and EPC contractors
• MEP subcontractors
• Piling contractors
• Key materials and equipment suppliers
• Economists and analysts
• Policy makers
• Project sponsor such as real estate developers and infrastructure clients
• Engineering consultants
• Manufacturers and distributors
• Financial and technical advisers
• Law firms
• Financial institutions
• Technology companies
• Academics
• Researchers

How is this report different from others in the market?

• A brand-new report covering two of the world’s fast-growing construction and infrastructure markets
• In PowerPoint format for ease of use and understanding
• Focus on contracts, tenders and projects using the MEED Projects proprietary database of all known projects in the region worth more than $10m
• The complete and authoritative reference tool for anyone interested in the MENA projects market

What is unique about this report?

• MEED’s most comprehensive report ever on the Middle East’s construction and infrastructure sectors
• MEED’s unrivalled expertise and insight on the Middle East
• Exclusive MEED Projects data
• Exclusive construction risk, construction momentum, and construction output indices and data

All the MEED Insight reports are delivered via email in digital version.