Middle East And North Africa Infrastructure Report Q4 2017
BMI View: Project activity across the MENA region will tick upwards in 2017 as governments begin tomove pipelines forward following a period of relatively low activity. MENA will remain a significant marketfor transport project opportunities, but it is the non-residential building sector - specifically commercialand industrial projects - that represents the greatest value in our Infrastructure Key Projects Database. TheGCC markets remain the lowest risk markets to develop projects, with the UAE in particular having themost conducive project risk environment.
We expect construction industry value growth to accelerate on the back of a leaner and better plannedproject backlog across the Middle East and North African (MENA) construction markets, following aslimming of project pipelines since the fall in oil prices in 2014. According to our Infrastructure KeyProjects Database, USD1.6trn worth of significant construction projects (USD30mn+) are underwayacross the region - either in planning or under construction. This is the second highest value globally,behind Asia which currently has a USD3.9trn project pipeline.