Construction Week Online: GCC working on 23,000 construction projects worth $2.4tn

Construction Week Online: November 26, 2017

The GCC has 22,680 active construction projects worth $2.43tn, figures revealed by a report this November showed

BNC Network's GCC Construction Analytics report revealed that the urban construction sector has the highest number of projects (17,912), with their value estimated at $1.21tn.

Additionally, utility (1,701), transport (1,421), industrial (1,289), and oil and gas (355) projects are also being implemented across the region.

Transport projects in the region have a combined value of $387.6bn, while utility projects are valued at $313bn.

The value of oil and gas projects amounts to $337bn, whilst industrial projects worth $178.6bn are underway in the region.

In the third quarter of 2017, 269 projects, with a combined estimated value of $82.85bn, were announced in the GCC.

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