Infrastructure Boom in the Middle East – Leveraging Strengths and Opportunities
The adverse effect of the Arab Spring dissuaded many companies from investing in the Middle East and GCC countries. We should also not forget the impact of COVID-19 on the global supply chain and capital market. The Middle East was a sufferer of the same. But thanks to policymakers and administrators, we have successfully created an appealing environment once again for investors in infrastructure. The return of private participation in the Middle East’s infrastructure sector is driving a positive sentiment.
Experts anticipated tremendous growth in this region’s construction and infrastructure market. The United Arab Emirates (UAE) is supposed to lead the trajectory. The country has after all already spent more than 11 billion AED (United Arab Emirates Dirham) on building infrastructure for Expo 2020. The global hub status, stable geopolitical condition, strong economy, 2015 PPP legislation, and several other essential factors helped UAE to acquire the leading position in this region. But others have not totally fallen behind. Saudi Arabia, Qatar, Oman, and Bahrain are a few countries that also fuel the growth prospect of the Middle East’s infrastructure sector.
The infrastructure market in the Middle East and GCC countries seems to be set for a boom. But the question is, how can you leverage the strength of this market and create business opportunities?
Subscribing to PROJECT INTEL, the leading construction data analysis platform, will help you get a clear outlook of the construction and infrastructure market in the Middle East and GCC nations. Using our all-in-one platform, you can monitor around 4,766 infrastructure projects throughout the Middle East worth over $ 620 billion. PROJECT INTEL is suitable for all operators working in this industry such as consultants, contractors, suppliers, and other professional service providers.
Using our data analysis tool, you can gain visibility over major infrastructure projects. It will empower you to source key information and detailed insights. You can easily create new business or partnership opportunities by leveraging the full potential of PROJECT INTEL.
PROJECT INTEL has also simplified the process of assessing competitors’ performance. Therefore, its subscription will provide you with an edge, and allow you to stay ahead in the race. Using our platform, you can also understand key market issues and gain an in-depth insight into the major risk factors. Evaluating the competitive landscape and understanding the significant threats to your business as well as to the overall industry will help you make better decisions and risk management strategies.
In conclusion, we would say that the infrastructure sector in the Middle East is set for a bull run. You will need the right intel at the right time to make the most of it. PROJECT INTEL will help you get that business intelligence of the infrastructure sector. With PROJECT INTEL, you can successfully make data-driven decisions and manage your sales pipeline and risk. Request a free demo now and discover how we help you prepare for growth and success.