Reportstack has announced a new market research report on the Construction Spending Market in Gulf Cooperation Council Countries 2014-2018, which is expected to grow at a CAGR of 37.73 percent during 2013-2018.
GCC countries have developed their own green building standards through different councils. These councils are effectively working toward making the green building standards mandatory in building laws. With the rapid urbanization and large-scale construction activities in progress, there is an immediate need to reduce emissions and energy consumption and encourage sustainable development. GCC countries are effectively focusing their efforts on green building construction by formulating strict guidelines for sustainable development.
“To accommodate the large number of tourists and further promote the Tourism industry, GCC countries are investing heavily in the development of airports, transportation systems, efficient rail and road networks, and hotels,”.
Key Market Drivers
Rapid Population Growth
Growth of Tourism Industry
Upcoming Mega Events
Key Market Trends
Expansion of Transportation Industry
Focus on Green Building
Growth of Affordable Housing
Key Market Vendors
Al Jaber Engineering (JE)
Arabian Bemco Contracting Co. Ltd.
Arabtec Construction LLC
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Complete report available @ Construction Spending Market in GCC Countries 2014-2018.