Research and Markets sees more projects for MENA

In 2012, about $110 billion worth of deals were let, and 2013 is expected to better with around $150 billion worth of contracts awarded based on the performance of the first six months of the year.

The data is presented and analysed in this new report, the Mena Projects Forecast and Review 2013. Covering more than 100 pages, this research report is an update to the hugely successful 2012 edition and offers you an in-depth overview of the projects market in the region, focusing on data in particular. It also critically provides companies with a forecast for contract awards by country and sector for full year 2013 - 2014.

With more than $1 trillion worth of projects being planned in the GCC, this report is an essential and valuable tool for companies to be able to size markets and sectors as well as prepare the future strategy and identify new markets to enter.

Saudi Arabia is the leader in terms of future projects with a pipeline of more than $477 billion followed by the UAE and Qatar with $178 billion and $122 billion respectively. The largest sector is construction, with 36 per cent of all contract awards in the last six years followed by oil and gas and then construction and power.

In the wider Mena region outside the GCC some $444 billion worth of contracts have been awarded since 2006. The largest market has been Iran, with $86 billion worth of the deals, followed by Iraq with $74 billion. The latter is also the largest projects market going forward, with $203 billion worth of planned and un-awarded projects driven mainly by oil and gas investment.