An Unbiased View of Gulf Construction Awards

Potent non-oil growth should receive added help from modern labor sector reforms, which had the effect of minimizing unemployment. Regarding value traded, Saudi Arabia witnessed a thirty% fall in 2013, from 2012 worth of USD 512bn, but bounced back with a 34% boost in 1H14 (USD 270bn) above 1H13. Continuing credit history development and introduction of the new mortgage loan regulation will spur exercise in both of those banking and real-estate sectors.

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Other companies within the record remained similar with slight alterations in their rankings. 7 of the highest 10 companies are from Saudi Arabia. Four of the top 10 companies are from Telecom sector.

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In accordance with the publisher's jobs tracking databases, about $107bn of planned construction and transportation tasks from the GCC are presently at some phase of tendering. If is truthful to presume that almost all of these will be awarded throughout the coming 18 months.

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Winning the award is recognition from the construction industry for innovation and creativity in assignments executed by Aramco.

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