Construction Work in GCC Expected to Reach Record $172 Billion

The Gulf Cooperation Council—which includes Saudi Arabia, the United Arab Emirates and Qatar—projects 2015 will be a record year for construction. TradeArabia.com reports that demand for material and skills will continue to grow, and will test the capacity of the supply chain to meet the needs of the construction industry. “The scale and quality of the GCC construction boom is reflected in the growing number of top-quality infrastructure, building and industrial projects being completed across the region,” said Meed Quality Awards for Projects judges panel chairman Edmund O’Sullivan. Gulf region leaders say there are enormous challenges with investors, contractors, payment flow and project management.

http://www.tradearabia.com/news/CONS_279605.html

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