MEED Insights: GCC Projects Outlook Report 2018
May 2018
88
About the Report
About the Report
MEED Insights: GCC Projects Outlook Report 2018
Summary
The market has been in freefall for more than two years. It's never been more important for companies to have concise, accurate and comprehensive market intelligence than today.
GCC Projects Outlook 2018 evaluates this new market and highlights the markets, sectors and projects presenting the best growth opportunity. It provides critical data to help you make key business decisions and inform your strategy.
Using data from more than 15,000 live projects, this data focused report assess the current and future outlook by country and sector, the top contractors and clients, key trends and project drivers, and identifies the major future opportunities and challenges.
Written by MEED, the Middle East market experts within the GlobalData Group, this data focused premium intelligence report is an indispensable guide for anyone involved in the GCC projects market.
The report will come with the graphical data* in Excel format so that the users can edit the graphs themselves.
Scope
Longer term projects market forecast 2018 2022
Summary and lists of future project opportunities
Analysis of key trends, market drivers and opportunities by country and sector
Top clients and contractors ranking
Strategic insight from the foremost experts into the current and future size of projects market
Reasons to buy
Analysis of the GCC projects market performance in 2018 and over the next five years
Current and future size of market by sector and country
Top clients and contractors ranking
Longer term forecast for 2018 2022
Key project and sectors drivers
Key challenges and opportunities
Top current and future project lists
Cashflow analysis
Analysis on a city by city level
Products
Table of Contents
Table of Contents
Table of Contents
1 Preface 5
2 ExecutiveSummary 7
3 MacroeconomicContext 9
4 The Historical Context 19
5 Top Clients and Contractors 37
6 2017 in Review 44
7 FutureOutlook 54
List of Figure
List of Figures
Figure 1: USaverage annual crude oil prices 1971 2017 10
Figure 2: Cushing, OK WTI spotprice FOB, 2016 17 11
Figure 3: WorldBank and IMF oil price forecasts 12
Figure 4: GCC fiscal breakeven oil price 13
Figure 5: GCC government revenues 14
Figure 6: GCC nominalGDP 15
Figure 7: GCC government expenditure 16
Figure 8: GCC government lending/borrowing 17
Figure 9: GCC total contract awards, 2007 17 20
Figure 10: Number and average sizeof contracts 21
Figure 11: GCC contract awards vs. the oil price 22
Figure 12: GCC contract awards, 2012 17 23
Figure 13: Number andaverage size of GCC contracts by country, 2012 17 24
Figure 14: Contract awards by sector, 2012 17 25
Figure 15: Number and average value of contracts by sector, 2012 17 26
Figure 16: GCC countryand sector contract awards, 2012 17 27
Figure 17: GCC contracts by selected region, 2012 17 28
Figure 18: GCC civil construction sector contractsbreakdown, 2012 17 29
Figure 19: GCC utilities sector contract awards breakdown, 2012 17 30
Figure 20: GCC hydrocarbons contractawards by subsector, 2012 17 31
Figure 21: GCC contract awards by ownership type,2012 17 32
Figure 22: GCC contract awards by ownership typeand country, 2012 17 32
Figure 23: Value of GCCPPP projects awarded, 2012 17 33
Figure 24: Value of GCC PPP projects by sector, 2012 17 33
Figure 25: Number of build and design/build civil constructioncontracts, 2008 17 34
Figure 26: Actual GCC contract awards by quarter as a percentage of those planned to be awarded 35
Figure 27: Top awarded projects 2012 17 36
Figure 28: Top GCCcivil contractors by value of work under execution 38
Figure 29: Top GCC utilities contractors by value of work under execution 39
Figure 30: Top GCC hydrocarbons contractors by value of work under execution 40
Figure 31: Top GCC civil construction clients bywork under execution 41
Figure 32: Top GCC utilitiesclients bywork under execution 42
Figure 33: Top GCC hydrocarbonsclients bywork under execution 43
Figure 34: GCC contractawards 2016 vs. 2017 45
Figure 35: Value of GCC contract awards,2017 46
Figure 36: 2017 first half vs. 2017 second half comparison of GCC contract awards 48
Figure 37: Comparison of GCC awards by sector 2016 17 49
Figure 38: GCC contract cashflow values, 2008 20 50
Figure 39: GCC contractawards by selected urban area, 2017 51
Figure 40: Top awarded Dubai 2017 projects 55
Figure 41: Top awarded GCC projects2018 YTD 57
Figure 42: Selected new GCCprojects announced in 2018 58
Figure 43: Bahrain contract award forecast, 2018 22 60
Figure 44: Selected top Bahrain projects scheduled for award, 2018 61
Figure 45: Bahrain future project pipeline breakdown by sector 62
Figure 46: Kuwait contract award forecast, 2018 22 63
Figure 47: Selected top Kuwait projects scheduled for award, 2018 64
Figure 48: Kuwait future project pipeline breakdown by sector 65
Figure 49: Oman contract award forecast, 2018 22 66
Figure 50: Selected top Oman projects scheduled for award, 2018 67
Figure 51: Oman future project pipeline breakdown by sector 68
Figure 52: Qatar contract award forecast, 2018 22 69
Figure 53: Selected top Qatar projects scheduled for award, 2018 70
Figure 54: Qatar future project pipeline breakdown by sector 71
Figure 55: Saudi Arabia contract award forecast, 2018 22 72
Figure 56: Selected top Saudi Arabia projects scheduled for award, 2018 73
Figure 57: Saudi Arabia future project pipeline breakdown by sector 74
Figure 58: UAE contract award forecast, 2018 22 75
Figure 59: Selected top UAE projects scheduled for award, 2018 76
Figure 60: UAE future project pipeline breakdown by sector 77
Figure 61: GCC contract award forecast, 2018 22 78
Figure 62: Value of known planned and un awarded GCC projects by country 79
Figure 63: Value of known planned and un awarded GCC projects by sector 80
Figure 64: FutureGCC construction projects sector breakdown by subsector 81
Figure 65: FutureGCC utilities projects sector breakdown by subsector 82
Figure 66: FutureGCC hydrocarbons projects sector breakdown by subsector 83
Figure 67: Top future civil construction clients by project pipeline 84
Figure 68: Top future utilities clients by project pipeline 85
Figure 69: Top future hydrocarbons clients by project pipeline 86
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