Saudi Arabia acquires nearly half of $2trn upcoming projects in GCC – Report

Mubasher: The GCC Projects Market Outlook by Kamco Invest indicated that the war in the GCC region is expected to thwart the strong outlook for the Gulf projects market in 2026.

Three countries, namely Kuwait, Qatar, and Bahrain, have by far declared force majeure in several of their energy production and export infrastructure, while some other remaining countries in the region have reduced their production.

“This significant disruption is expected to dent the GCC countries' ability to fund projects during the year,” Kamco Invest said.

However, there are currently $2 trillion in upcoming projects in the GCC, of which Saudi Arabia has nearly 50%, Kamco Invest cited data gathered by MEED Projects.

The UAE follows with 27.5% of the upcoming projects in the region.

In terms of a sectoral view of the GCC projects’ outlook, the GCC construction sector is poised to receive the lion's share of the upcoming projects with 39.7%, followed by the transport sector with 16.3%, and the power sector which is expected to receive 15.7%.

The majority of the GCC’s pipeline projects are currently in the design stage, representing a total value of $841.5 billion worth of projects.

This is followed by the study stage, which accounts for $554.1 billion worth of projects, and then the bid evaluation stage which encompasses $220.4 billion worth of projects.

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Source: Mubasher Source: {{details.article.source}}