GCC Construction 2014

Published: November 2013
No. of Pages:
   

A comprehensive overview of the civil construction industry in the GCC

Construction has always been the largest single sector in the GCC. Since 2005, just under $570bn worth of civil construction projects have been awarded in the six GCC states. Even more staggering is the fact that the total of planned and un-awarded construction projects exceeds $1.045 trillion, roughly two-thirds of the GCC’s entire annual GDP.

This investment is being driven by substantial population growth, particularly in the areas of the social housing, education and healthcare. At the same time, private sector real estate is showing signs of a comeback after the Dubai real estate crash in 2009.

The latest market intelligence report from MEED Insight, GCC Construction 2014 report, focuses exclusively on the civil construction industry in the GCC - roads, bridges, tunnels, education, healthcare, housing, real estate and tourism projects.

Key benefits and features:

  • Understand the breakdown, location, type and timeframe for $1.045 trillion worth of planned and un-awarded projects in the GCC
  • Access rankings of the top 15 contractors and clients in each country in addition to the top future clients in order to create your strategy
  • Identify trends in construction costs so as to be able to mitigate against inflationary pressures
  • Assess the specific challenges and drivers behind each subsector and government policy and strategy towards them

GCC Construction 2014

Table of Contents

1. Preface 9

2. Executive summary 11

3. Introduction 13
3.1 The market today 18
3.2 Sector analysis 22
3.3 Future prospects and forecasts 25

4. Bahrain 30
4.1 Key clients 34
4.2 Key contractors 34
4.3 Construction costs 35
4.4 Education and healthcare 36
4.5 Housing 37
4.6 Real estate and tourism 39
4.7 Roads, bridges and tunnels 41
4.8 Future prospects 43

5. Kuwait 45
5.1 Key clients 52
5.2 Key contractors 53
5.3 Construction costs 54
5.4 Education 56
5.5 Healthcare 58
5.6 Housing 60
5.7 Real estate and tourism 63
5.8 Roads, bridges and tunnels 64
5.9 Future prospects 68

6. Oman 72
6.1 Key clients 77
6.2 Key contractors 78
6.3 Construction costs 80
6.4 Education 81
6.5 Healthcare 82
6.6 Real estate and tourism 84
6.7 Roads, bridges and tunnels 89
6.8 Future prospects 90

7. Qatar 93
7.1 Key clients 97
7.2 Key contractors 99
7.3 Construction costs 100
7.4 Education 101
7.5 Healthcare 104
7.6 Real estate and tourism 107
7.7 Roads, bridges and tunnels 113
7.7.1 Implementation 114
7.7.2 The expressways programme 118
7.7.3 The local roads programme 124
7.8 Fifa World Cup 2022 and Summer Olympics 2024 plans and projects 127
7.8.1 The Fifa 2022 World Cup bid 127
7.8.2 The host cities 129
7.8.3 The stadiums 130
7.8.4 The 2022 Fifa World Cup stadiums 131
7.8.5 Supporting facilities 132
7.8.6 The Fifa 2022 World Cup finals budget 135
7.8.7 Implementation of the Fifa 2022 World Cup programme 135
7.8.8 The 2024 Olympics bid 135
7.9 Future prospects 137

8. Saudi Arabia 139
8.1 Key clients 146
8.2 Construction costs 149
8.3 Education 152
8.4 Healthcare 154
8.5 Housing 158
8.6 Real Estate 161
8.7 Roads, bridges & tunnels 163
8.8 Tourism 165
8.9 Other projects 167

9. UAE 172
9.1 Abu Dhabi 182
9.1.1 Vision 2030 183
9.2 Dubai 184
9.3 Northern Emirates 185
9.4 Key clients 188
9.5 Key contractors 190
9.6 Construction costs 193
9.7 Education 195
9.8 Healthcare 197
9.9 Real estate 198
9.9.1 Abu Dhabi 199
9.9.2 Dubai 201
9.9.3 Northern Emirates 204
9.10 Roads, bridges and tunnels 206
9.11 Tourism 210
9.11.1 Abu Dhabi 211
9.11.2 Northern Emirates 213
9.12 Other issues: Disputes 215
9.13 Future work 216

List of Tables

Table 1: Top 10 cancelled projects by value 18
Table 2: Largest contracts awarded in the GCC, 2006-13 19
Table 3: Top 20 construction contracts due to be awarded by the end of 2013 27
Table 4: Top 20 construction projects due to be awarded in 2014 29
Table 5: Forthcoming major construction projects 32
Table 6: Top 10 clients in Bahrain by value of work under construction 34
Table 7: Housing projects under construction 38
Table 8: New towns 39
Table 9: Planned new housing schemes 39
Table 10: Status of real estate projects 40
Table 11: Transport projects under construction 41
Table 12: Planned major transport projects 42
Table 13: Top 10 contract awards in 2013 50
Table 14: Top 10 projects under construction 51
Table 15: Kuwait University new campus contracts under execution, June 2013 57
Table 16: Kuwait University Sabah al-Salem campus future projects, June 2013 58
Table 17: New hospitals masterplan 58
Table 18: Major healthcare projects under construction, June 2013 59
Table 19: Planned healthcare projects, June 2013 60
Table 20: Selected major PAHW awarded contracts 61
Table 21: PAHW’s major township programme 62
Table 22: Selected major real estate projects, 2004-13 63
Table 23: Value of road projects 64
Table 24: Road contracts under way 65
Table 25: Future road projects 66
Table 26: Prequalified international contractors for Doha link 67
Table 27: Contracts due for award, 2013 69
Table 28: Building projects under study and under design 75
Table 29: Selected major Muscat Municipality projects, 2011-15 78
Table 30: Current and planned education projects 81
Table 31: Selected major healthcare projects planned or under way 82
Table 32: Current and planned housing contracts 83
Table 33: Tourism-related projects planned or under way 84
Table 34: Annual investment in new road schemes, 2011-15 (ROm) 89
Table 35: Major road projects by value, 2011-15 89
Table 36: Batinah Expressway main contracts 90
Table 37: Construction contracts due to be awarded by end of 2013 91
Table 38: Top 10 contract awards in 2013 94
Table 39: Selected major tunnelling projects for Qatar Railways Company 98
Table 40: Ashghal school contract awards, 2012 101
Table 41: Major Qatar Foundation contract awards, 2012 103
Table 42: Education City projects under construction or planned, July 2013 104
Table 43: Budgeted government spending on healthcare, 2009-12 (QRbn) 105
Table 44: Recent major hospital contracts 106
Table 45: Msheireb land-use masterplan 111
Table 46: Key consultants and contractors on the Msheireb project 112
Table 47: Status of the Msheireb project, August 2013 112
Table 48: Selected major projects from Ashghal expressway programme, mid-2013 120
Table 49: Expressway programme, contract status 122
Table 50: Major Ashghal road contract awards, January 2010-July 2013 123
Table 51: Local roads programme 125
Table 52: The Fifa 2022 World Cup host cities 130
Table 53: The Fifa Confederations Cup and Fifa World Cup budget ($m) 135
Table 54: Top 10 contract awards, 2013 144
Table 55: Top 10 active projects by value 146
Table 56: Most active construction sector clients, H1 2013 146
Table 57: Most active construction sector clients, 2012 147
Table 58: Key education contracts under execution 153
Table 59: Selected major awarded healthcare projects 156
Table 60: Planned healthcare projects, July 2013 156
Table 61: Selected major non-government housing projects under construction 160
Table 62: Rayadah Investment Company projects under way at KAFD 162
Table 63: Selected major private or public/private real estate projects 163
Table 64: Selected major Transport Ministry road projects to be awarded in 2013 165
Table 65: Tourism targets, 2010-15 166
Table 66: Selected major hotel projects under construction 167
Table 67: Forecast selected major contract awards scheduled for 2013 170
Table 68: Breakdown of future construction projects 170
Table 69: Projects market status, June 2013 174
Table 70: Dubai major construction projects under execution 176
Table 71: Abu Dhabi major construction projects under execution 178
Table 72: Northern Emirates construction projects under execution 179
Table 73: Abu Dhabi selected upcoming construction projects 184
Table 74: Dubai selected upcoming construction projects 185
Table 75: Northern Emirates selected upcoming construction projects 187
Table 76: Top construction sector clients by contract award, 2013 189
Table 77: Selected major education projects 196
Table 78: Abu Dhabi healthcare projects currently out to tender 197
Table 79: Sharjah healthcare projects planned or under way 198
Table 80: Major housing projects under way 199
Table 81: Major housing projects planned 199
Table 82: Department of Transport upcoming projects 206
Table 83: Department of Transport low bidders 206
Table 84: RTA road projects 207
Table 85: Major road projects 209
Table 86: Dubai selected major tourism projects 211
Table 87: Abu Dhabi selected hospitality projects, July 2013 213
Table 88: Northern Emirates selected hospitality projects, July 2013 214
Table 89: Main dispute causes 216

List of Figures

Figure 1: GCC construction contract awards, 2005-12 14
Figure 2: GCC construction contract awards by country, 2005-12 14
Figure 3: GCC construction project market status, July 2013 (% of $2.4tr) 15
Figure 4: Projects on hold by country (% of $600bn) 15
Figure 5: UAE projects on hold by emirate (% of $424bn) 16
Figure 6: Projects cancelled by country (% of $492bn) 17
Figure 7: Projects awarded since 2005 and under execution in 2013 ($m) 18
Figure 8: Breakdown of contracts by country awarded since 2005 (% of $575bn) 20
Figure 9: Contracts by country currently under construction (%) 20
Figure 10: Saudi vs UAE contract awards, 2005-12 21
Figure 11: Saudi Arabia, UAE, Kuwait and Qatar contract awards, 2005-12 22
Figure 12: Contract awards by sector, 2005-13 (% of $575bn) 22
Figure 13: Residential, infrastructure and mixed-use contract awards, 2005-12 23
Figure 14: Infrastructure work by sub-sector (% of $111bn) 24
Figure 15: Social construction awards, 2005-12 24
Figure 16: Construction projects out to tender by type and value 25
Figure 17: Value of announced planned and un-awarded construction projects in the GCC 26
Figure 18: Forecast for construction awards in the GCC, 2013 28
Figure 19: Forecast for construction awards in the GCC, 2014 28
Figure 20: Value of contracts awarded in the construction sector, 2005-13 30
Figure 21: Contract awards by sector, 2005-H1 2013 (%) 31
Figure 22: Construction projects market status, July 2013 (% of $53bn) 33
Figure 23: Construction projects under way by region ($m) 33
Figure 24: Top 10 contractors by value of construction work under way 35
Figure 25: Bahrain tender price index, 2005-15 35
Figure 26: Number of schools by region, 2012/13 36
Figure 27: Projects in prequalification and tender stages (%) 43
Figure 28: Projects in design and study stages (% of $16.3bn) 44
Figure 29: Value of contracts awarded in the construction sector, 2005-13 45
Figure 30: Breakdown of construction contracts awarded, 2005-13 ($m) 46
Figure 31: Construction projects under way by region ($m) 47
Figure 32: The Third Kuwait Masterplan Review, 2005 48
Figure 33: Contract awards by sector, 2013 ($m) 49
Figure 34: Construction projects market status ($m) 50
Figure 35: Top five clients by value of construction work awarded, 2012-13 52
Figure 36: Top 10 largest contractors by value of work under execution in the construction sector, July 2013 54
Figure 37: Kuwait tender price index, 2005-15 55
Figure 38: Aggregate prices, 2012-13 55
Figure 39: Cement prices, 2012-13 56
Figure 40: Subiya Causeway final alignment 67
Figure 41: Projects in bid or prequalification stages, July 2013 (% of $9.6bn) 68
Figure 42: Projects in design or study phase by sector, July 2013 (% of $29.7bn) 70
Figure 43: The Capital governorate masterplan 71
Figure 44: Construction contract awards, 2005-13 72
Figure 45: Construction contract awards by sector, 2005-13 ($m) 73
Figure 46: Project market by status ($m) 74
Figure 47: Most active clients in the construction and transport sectors based on contracts under execution 77
Figure 48: Most active contractors in the construction and roads sectors 79
Figure 49: Oman tender price index, 2005-15 80
Figure 50: Omran activities 86
Figure 51: Projects in design or study stages, July 2013 (% of $12.9bn) 90
Figure 52: Breakdown of projects under bid (% of $10.3bn) 91
Figure 53: Construction contract awards, 2005-13 93
Figure 54: Contract awards forecast peak, 2007-13 94
Figure 55: Contract awards by sector, 2005-H1 2013 95
Figure 56: Projects market status (% of $209bn) 95
Figure 57: Construction projects under way by region ($m) 96
Figure 58: Top 10 clients by value of contracts under execution 97
Figure 59: Top contractors by value of work under way 99
Figure 60: Qatar tender price index, 2005-15 100
Figure 61: The Ashghal capital investment programme, March 2013 117
Figure 62: Ongoing and planned expressway projects 119
Figure 63: The Sharq Crossing 126
Figure 64: Total number of existing rooms and negotiated/signed rooms for the 2022 World Cup 133
Figure 65: Projects in prequalification and tender stages (% of $24.7bn) 137
Figure 66: Projects in design and study stages (% of $38bn) 138
Figure 67: Construction contract awards, 2005-13 139
Figure 68: Construction contracts awarded by sector, 2005-13 (%) 140
Figure 69: Construction projects under way by region ($m) 141
Figure 70: Ninth five-year development plan allocations 142
Figure 71: Construction contract awards by sector, H1 2013 (% of $15.3bn) 143
Figure 72: Construction projects by status ($m) 145
Figure 73: Top 10 construction contractors by value of work under way 148
Figure 74: Saudi Arabia tender price index, 2005-15 150
Figure 75: Cement prices, 2012-13 150
Figure 76: Rebar prices, 2012-13 151
Figure 77: Hospital beds required by region, 2014 157
Figure 78: Planned medical cities 158
Figure 79: Housing required by region 161
Figure 80: Recent road contract awards 164
Figure 81: Projects in prequalification and bid stages, July 2013 (% of $20.4bn) 171
Figure 82: Construction contract awards, 2005-13 172
Figure 83: Construction contract awards by emirate, 2008 (% of $71bn) 173
Figure 84: Construction contract awards, 2005-13 (% of $287bn) 173
Figure 85: Projects on hold by market (% of $423bn) 174
Figure 86: Contract awards vs completions, 2007-13 175
Figure 87: Dubai contract awards vs completions, 2007-13 175
Figure 88: Abu Dhabi contract awards vs completions, 2007-13 177
Figure 89: Northern Emirates contract awards vs completions, 2007-13 179
Figure 90: Construction contracts under execution (%) 180
Figure 91: Construction projects under way by region ($m) 181
Figure 92: Abu Dhabi construction contract awards, 2005-13 182
Figure 93: Project market by status: Northern Emirates, July 2013 (%) 186
Figure 94: Construction projects in tender or design stages: Northern Emirates, July 2013 187
Figure 95: Top construction contractors by value of contracts under execution, July 2013 190
Figure 96: Average rebar price, 2004-11 193
Figure 97: Steel prices, 2012-13 194
Figure 98: UAE tender price index, 2005-15 195
Figure 99: Breakdown of health projects by emirate (%) 197
Figure 100: Construction projects in bid and prequalification stages by emirate (%) 216
Figure 101: Construction projects in design and study stages by emirate (%) 217
Figure 102: Abu Dhabi construction projects in prequalification and tender stages by sector (%) 218
Figure 103: Abu Dhabi construction projects in design and study stages by sector (%) 218
Figure 104: Dubai construction projects in prequalification and bidding stages by sector (%) 219
Figure 105: Dubai construction projects in design and study stages by sector (%) 220
Figure 106: Northern Emirates construction projects in prequalification and bid stages by sector (%) 220
Figure 107: Northern Emirates construction projects in design and study stages by sector (%) 221

Published By: Meed
Product Code: Meed1037


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and we’ll share relevant market report titles for you to explore.

Related Reports:

  • Data Center Market in GCC 2012-2016

    TechNavio's analysts forecast the Data Center market in the GCC to grow at a CAGR of 21.9 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing outsourcing of enterprise infrastructure. ...

  • HVAC Market in GCC 2012-2016

    TechNavio's analysts forecast the Heating, Ventilation, and Air Conditioning (HVAC) market in Gulf Cooperation Council (GCC) to grow at a CAGR of 7.43 percent over the period 2012-2016. One of the key factors contributing to this market ...

  • GCC Project Market Report 2013

    A complete analysis and overview of the opportunities, challenges and forecasts for the GCC projects marketThe GCC represents one of the few fast-growing project markets in the world today. Over the last 10 years more than ...

  • GCC Oil and Gas Projects Market 2013

    A comprehensive overview of the GCC upstream oil and gas, downstream refining and petrochemical sectors, focusing on the projects marketThis latest research report provides analysis and insight into the upstream, downstream refining and pet...

  • The GCC Power & Desalination 2012

    An in-depth outlook of the GCC power and desalination market up to 2020In addition to providing you with in-depth analysis on future projects planned by clients, the report includes the latest survey of developers and contr...

  • GCC Wastewater Projects Market 2012 report

    The GCC wastewater sector is entering a period of growth as governments look to meet rising demand from expanding populations and to replace infrastructure that is nearing the end of its life. While Saudi Arabia will dominate the projects ma...

  • GCC ICT Projects Outlook & Review

    This report highlights major trends in the adoption of ICT in the region’s government and private sectors. Along with a brief description of more than 400 ICT-related projects and contracts announc...

  • GCC Projects Forecast & Review

    This report offers a detailed picture of the existing Gulf projects market – providing the latest data on competitor and client activity by sector within the key markets along with forecasts, prici...

  • Power & Desalination in the GCC 2010: meeting the demand and feedstock challenge

    This report provides a detailed analysis of the existing Power and Desalination market across the GCC – offering data on existing capacity, demand growth and a forecast for additional capacity and investment up to 2019. Benefit from ac...

  • GCC Cement 2009

    In addition to providing a country-by-country assessment of the cement sector, this report by MEED Insight offers in-depth analysis on: The impact of the downturn on the sector – insight on current and future prospects, Supply and demand pr...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Manufacturing & Construction market as per your needs. Get the best of Manufacturing & Construction research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Email Alerts

Get Email alerts about market research reports from industries and publishers of your interest:

Live Chat
Live Chat by Comm100