London, UK (PRWEB) September 30, 2015
The combined value of commercial and institutional building projects for the 14 nations in the region stands at USD 1.82 trillion as of August 2015. The mixed-use sector takes the lead in the regional market, with the projects’ value estimated at USD 1.47 trillion, with leisure and hospitality valued at USD 134.6 billion. Healthcare comes third with projects valued at USD 57.2 billion, followed by the institutional and religious sector with USD 51.5 billion. The UAE dominates in terms of the total project value, followed by Saudi Arabia. The 14 countries have more than 62% of the projects estimated at USD 1.13 trillion at the execution stage.
With tourism, retail and other services becoming more important across the MEA region as nations are shifting away from reliance on hydrocarbon revenues, construction activity in the commercial industry is gaining rapid momentum. The growth in the institutional building sector is set to be driven by the necessity of providing services to the region’s mushrooming population, specifically in terms of investments in education and health facilities.
Africa has good potential for economic advancement, but recent decreases in commodity prices and political instability are poised to keep on inhibiting the development of the region. Expensive and erratic electricity supplies and bad road conditions are also amid the key hindrances to Africa’s economic development. It is essential to make improvements to infrastructure in order business and commercial buildings industries begin to thrive.
Alexandria Construction Co. S.A.E., Galfar Engineering and Contracting SAOG, Hyundai Development Company Engineering and Construction, Samwhan Corporation, Al Futtaim Carillion LLC, System Construct LLC, Daewoo Engineering Co. Ltd. and Bin Hafeez Genberal Contracting are some of the leading companies operating in the industry.
New research report “Project Insight - Commercial and Institutional Buildings Projects in the Middle East and Africa” developed by Timetric is now available at MarketPublishers.com.
Title: Project Insight - Commercial and Institutional Buildings Projects in the Middle East and Africa
Published: September, 2015
Price: US$ 3,950.00
The report presents details about the investment in commercial and institutional construction projects are various development staged across the MEA region, with a focus on the 14 countries in the region. The study provides insights into the total value of the projects by country, type, stage, and by start date. It presents data on the top contractors, architects and project owners by project value, and also sheds light on the 10 major commercial and institutional building projects for 14 nations in the region.
- Gain insights into the key drivers of activity in each of the countries across the MEA region and target the opportunities that give you the best return on your investment.
- Explore forecasts and get an understanding of major trends, aligning your strategy to those which provide commercial advantages while minimising risk exposure.
- Assess the key project participants by value, by sector to target your services and products for each project type efficiently and in a cost effective manner.
- Identify leading projects data for types of commercial and institutional building projects; evaluating value, location, start date and project stage to plan strategic activities in the region.
More studies by the publisher can be found at Timetric page.