The Middle East and North Africa (Mena) is rich with project opportunities for investors, developers, designers, contractors, manufacturers, and workforce suppliers.
With about $4.4tn of projects planned or underway across the Mena region, every country is investing heavily to diversify and expand their economies, and to meet the needs of fast-growing populations.
With about $3.4tn worth of projects – over three quarters of the total market value – at the pre-execution planning stage, the pipeline for future opportunities is vast, particularly in the GCC, which accounts for over two thirds of all projects in the region, and Egypt, which is enjoying a strong economic renaissance.
National oil companies are investing in upstream oil & gas projects to find new reserves, to increase production capacity, and to improve efficiency in their key assets. They are also pushing ahead with ambitious downstream plans to produce higher-value refined oil and petrochemicals products.
The power and water sector is also booming as governments seek to meet rising demand for electricity and water, while at the same time increasing energy security and reduce carbon dioxide emissions by investing in clean energy through renewable and alternative energy projects.
Transport and logistics capacity is a key component of the region’s economic plans as it seeks to build efficient high-speed networks that can maximize the region’s hub status between Asia, Europe and Africa, white ambitious city masterplans are shaping a wave of smart city projects.
The construction of building and real estate projects is the biggest segment of all driven by private property investment and the development of schools, hospitals and other social infrastructure projects.
But, as well as the immense opportunities, major challenges also exist.
Covid- 19 has disrupted project execution across the region, and delayed planned projects.
The fall in oil prices has led to spending cuts, while the collapse in economy activity in H1 2020 as a result of lockdowns has dampened the outlook for non-oil sectors, adding to falling property prices.
Despite the uncertainty, much of the region remains wealthy and committed to their development plans.
This will continue to drive huge investments into capital projects in the Middle East and North Africa The need for infrastructure and economic diversification is more vital than ever.
There will be a hiatus in spending in 2020 as governments respond to the crisis and assess the fiscal and economic impact. And as the economy and oil prices recover in the latter half of 2020 and in 2021 project activity will recover
MENA Projects Market 2020, H2 provides a comprehensive review of projects market in the Middle East and North Africa in the second half of 2020.
Updated to assess the impact of the Covid-19 pandemic on the Mena projects market in the first half of 2020, Mena projects 2020, H2 provides a detailed review of the outlook for projects in the second half of 2020 and 2021.
- Size of projects market
- Contarct award trends
- Biggest clients
- Biggest contractors
- Key projects to be tendered
- Regional projects market review
- Country-by-country market analysis of 15 markets:
- Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, UAE
- Sector breakdown in five key verticals:
- Oil & gas , construction, power & water, transport, industrial
- The impact of Covid-19 on Mena Proje cts in 2020
- The report includes proprietary data from MEED Projects.