After couple of challenging years for the Middle East construction industry due to the impact caused by Covid-19 and other factors, contractors, suppliers and consultants can now look forward to a return to growth and the prospect of rising project opportunities in 2022 and beyond. For instance, some USD $1.4 trillion-worth of construction and transport projects planned in the GCC are yet to see their main contracts awarded.
The pipeline of future project opportunities is vast, Saudi Arabia (63 per cent) and the UAE (21.5 per cent) account for nearly 85 per cent of the GCC’s planned future projects. From international airports and electrical substations, to residential projects to history museums, Q4 of 2022 has witnessed a variety of contracts awarded to major contractors in the region. Other major construction projects in the pipeline and presenting procurement opportunities include,
- NEOM (KSA)
- Red Sea International (KSA)
- Natural History Museum (UAE)
- Louvre Abu Dhabi Residences (UAE)
- Jeddah, Riyadh, and Makkah Metros (KSA)
- Kensington Waters and Berkeley Place (UAE)
- DAMAC Lagoons electrical substations (UAE)
- Natural History Museum Abu Dhabi (UAE)
- Saadiyat mixed-use development (UAE)
- Aljada – 740 new homes in (UAE)
- Rotana: Luxor Rotana (Egypt)
- Falcon Island (UAE)
Industry specific exhibitions such as The Big 5, taking place at the Dubai World Trade Centre (5 – 8 December 2022) remain largely popular and influential, attracting large numbers of industry professionals, disruptors, innovators, suppliers, stakeholders, ESG advisors, and international policymakers from more than 150 countries worldwide.
Eight major product segments, as well as hosting six specialised events addressing key construction sectors are the primary focus of the Big 5 exhibition this year which includes, The Big 5 Heavy, Middle East Concrete, FM Expo, Middle East Stone, HVAC R Expo and The Urban Design & Landscape Expo that highlights new ground-breaking landscape, infrastructure, and urban development solutions.
The Middle East construction industry and ongoing project development across the region presents an array of opportunities for SMEs offering specialised products & services looking to export and expand their business new territories. Reach out to us to know more on connecting with leading construction entities at the Big 5 and how we could support you gain access to this burgeoning market.