Research

MENA Construction Economic and Cost Insight

Construction activity maintained its momentum into 2021, with $156 billion worth of projects awarded over the year across MENA.

February 17, 2022
Contributors:
  • Ben Jackson
  • Gary Tracey MRICS
  • Louise Collins
  • Mohamed Tawfik
  • Laura Morgan MRICS
  • Steven Blandford
  • Albinas Kontrimas
  • Maroun Deeb
  • James Esau MRICS
  • Ian Hawkes
  • Nabil Mohammed

Construction activity maintained its momentum into 2021, with $156 billion worth of projects awarded over the year across MENA.

Announcements by Egypt, KSA and UAE of their planned 2022 government spending, the ‘race to Net-Zero’ commitments and enhancements to the construction sector such as digital transformation are expected to continue to drive growth in the region. Furthermore, market sentiment is anticipated to improve as commodity prices stabilise over the course of the year. It is also envisaged that new trends observed over the past two years and a shift in societal behaviours could lead to future developments.

Read our MENA Construction Economic and Cost Insight Review to find out more.

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