Market snapshot of Mena construction

22 February 2024

Key points: 

> HISTORICAL CONTRACTS: On average, $92.5bn has been awarded each year in the past decade on construction and transport contracts

> TOP CONTRACTORS: Leading contractor Alec was awarded the contract for the Al Marjan integrated resort in the UAE’s Ras Al Khaimah last year

> FUTURE OUTLOOK: Saudi Arabia’s market is expected to be 64% bigger than the UAE’s

> LONGER-TERM PROJECTS: Saudi Arabia’s gigaprojects dominate the future pipeline, led by Neom

> TOP FUTURE CLIENTS: The Public Investment Fund's King Salman International airport in Riyadh leads

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MEED Editorial
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