ANALYSIS: Construction spending in GCC to fall

August 2012
MEED: Middle East Economic Digest;8/31/2012, Vol. 56 Issue 35, p13
Trade Publication
The article presents an analysis of construction spending in Gulf Cooperation Council (GCC) in 2012. It states a collapse in spending in the United Arab Emirates (UAE) will result in a 28 percent decline in construction project spending. It mentions that Saudi Arabia is expected to replace the UAE as the GCC's most active market and speculates in 2013 the UAE should recover as a result of spending on major contracts awarded in 2012.


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