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REAWAKENING MENA MARKET
| 题名： | REAWAKENING MENA MARKET |
| 正文语种： | eng |
| 摘要： | Construction output in the Middle East and North Africa (MENA) region was forecast by GlobalData to contract by 4.5% in 2020 but recover and post growth of 1.9% in 2021 and 4.1% in 2022. GlobalData says the 2020 contraction reflects the severe impact of the COVID-19 lockdowns and other restrictions on construction activity. "The [MENA] construction sector will face headwinds in 2021 with a slow recovery, but the pace of recovery will be uneven across countries in the region. Throughout 2020, and running to 2021, spending on real estate megaprojects, especially in the GCC [Gulf Cooperation Council], is likely to take a backseat due to budget revisions," says Yasmine Ghozzi, a GlobalData economist. On a positive note, Ghozzi adds that large-scale projects in the oil, gas, power and water sectors have gained traction despite the downturn in market conditions this year, and this is likely to continue. "As a result, some local contractors are pursuing development in these sectors to replace the loss of real estate work. There is also a push towards decoupling power and water production across the region to reduce energy consumption, providing the impetus for Independent Water Projects (IWP) implementation. In the future, there will be a lot of contract awards in that respect as the region pushes its renewable energy programme, particularly solar photovoltaic and wind." |
| 出版年： | 2021 |
| 期刊名称： | World highways |
| 卷： | 30 |
| 期： | 6App. |
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