MENA Construction Market Intelligence Update H1 2023
UAE, Saudi Arabia, and Egypt account for 60% of MENA’s $3 trillion construction project pipeline
- Ben Jackson
- Laura Morgan MRICS
Despite global economic challenges, the construction sector in the Middle East and North Africa (MENA) region has shown remarkable resilience, awarding a staggering $101 billion worth of projects in the first half of the year.
The largest share of the project value, approximately 67%, came from Saudi Arabia ($44 billion) and the UAE ($23 billion) with both markets recording an increase compared to the same period last year. Although Egypt experienced a decline in the value of awarded projects in the first half of this year as compared to the same period last year, the country has a robust pipeline of upcoming projects.
Read our latest report based on insights gathered from industry sources and experts to find out more.