GCC Projects Outlook Report 2018

  • ID: 4559003
  • Report
  • 88 pages
  • GlobalData
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GCC Projects Outlook Report 2018

Summary

After a very disappointing 2016 when GCC annual contract awards fell to their lowest levels in more than a decade, expectations were high that 2017 would herald a much-needed improvement. However, with the notable exception of Dubai, last year proved a disappointment, with contract awards at $120bn only marginally higher than the $118bn awarded in 2016. It seems the market has yet to turn a corner.

That said, the upward trend in oil prices since the start of 2018 is expected to provide some much needed impetus to the market during the second half of the year. For most sectors and countries the link between the crude price and project activity is clear, and therefore higher prices can only be a good thing as governments find themselves with more cash to spend. The overall future health of the market will thus depend on whether oil’s bull run can be maintained and whether governments overcome their reluctance to increase capital their spending programmes.

Based on the pipeline of projects in the region, oil price projections, and macroeconomic growth, our forecast for the GCC states predicts a small increase in spending this year. However, it is becoming increasingly clear that a return to previous levels of spending is now unlikely in the medium term. The projects supply chain, which has already experienced two very leans years, will likely have to continue to wait for a significant improvement in the market’s fortunes.

GCC Projects Outlook 2018 report is aimed at providing clarity to firms preparing for the year ahead. Whether it is guidance on setting their budgets or strategies, or information on the value of projects to be awarded in the short and medium terms, the report provides the necessary quantitative data to enable companies to be better informed and prepared during these challenging times.

The report will come with the graphical data in Excel format so that the users can edit the graphs themselves.

Scope
  • Longer term projects market forecast 2018-2022
  • Summary and lists of future project opportunities
  • Analysis of key trends, market drivers and opportunities by country and sector
  • Top clients and contractors ranking
  • Strategic insight from the foremost experts into the current and future size of projects market
Reasons to buy
  • Analysis of the GCC projects market performance in 2018 and over the next five years
  • Current and future size of market by sector and country
  • Top clients and contractors ranking
  • Longer term forecast for 2018-2022
  • Key project and sectors drivers
  • Key challenges and opportunities
  • Top current and future project lists
  • Cashflow analysis
  • Analysis on a city by city level
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1 Preface

2 Executive Summary

3 Macroeconomic Context

4 The Historical Context

5 Top Clients and Contractors

6 2017 in Review

7 Future Outlook

List of Figures
Figure 1: US average annual crude oil prices 1971-2017
Figure 2: Cushing, OK WTI spotprice FOB, 2016-17
Figure 3: WorldBank and IMF oil price forecasts
Figure 4: GCC fiscal breakeven oil price
Figure 5: GCC government revenues
Figure 6: GCC nominal GDP
Figure 7: GCC government expenditure
Figure 8: GCC government lending/borrowing
Figure 9: GCC total contract awards, 2007-17
Figure 10: Number and average size of contracts
Figure 11: GCC contract awards vs. the oil price
Figure 12: GCC contract awards, 2012-17
Figure 13: Number andaverage size of GCC contracts by country, 2012-17
Figure 14: Contract awards by sector, 2012-17
Figure 15: Number and average value of contracts by sector, 2012-17
Figure 16: GCC countryand sector contract awards, 2012-17
Figure 17: GCC contracts by selected region, 2012-17
Figure 18: GCC civil construction sector contracts breakdown, 2012-17
Figure 19: GCC utilities sector contract awards breakdown, 2012-17
Figure 20: GCC hydrocarbons contract awards by subsector, 2012-17
Figure 21: GCC contract awards by ownership type,2012-17
Figure 22: GCC contract awards by ownership typeand country, 2012-17
Figure 23: Value of GCCPPP projects awarded, 2012-17
Figure 24: Value of GCC PPP projects by sector, 2012-17
Figure 25: Number of build and design/build civil construction contracts, 2008-17
Figure 26: Actual GCC contract awards by quarter as a percentage of those planned to be awarded
Figure 27: Top awarded projects 2012-17
Figure 28: Top GCCcivil contractors by value of work under execution
Figure 29: Top GCC utilities contractors by value of work under execution
Figure 30: Top GCC hydrocarbons contractors by value of work under execution
Figure 31: Top GCC civil construction clients by work under execution
Figure 32: Top GCC utilities clients by work under execution
Figure 33: Top GCC hydro carbons clients by work under execution
Figure 34: GCC contractawards 2016 vs. 2017
Figure 35: Value of GCC contract awards,2017
Figure 36: 2017 first half vs. 2017 second half comparison of GCC contract awards
Figure 37: Comparison of GCC awards by sector 2016-17
Figure 38: GCC contract cashflow values, 2008-20
Figure 39: GCC contractawards by selected urban area, 2017
Figure 40: Top awarded Dubai 2017 projects
Figure 41: Top awarded GCC projects2018 YTD
Figure 42: Selected new GCC projects announced in 2018
Figure 43: Bahrain contract award forecast, 2018-22
Figure 44: Selected top Bahrain projects scheduled for award, 2018
Figure 45: Bahrain future project pipeline breakdown by sector
Figure 46: Kuwait contract award forecast, 2018-22
Figure 47: Selected top Kuwait projects scheduled for award, 2018
Figure 48: Kuwait future project pipeline breakdown by sector
Figure 49: Oman contract award forecast, 2018-22
Figure 50: Selected top Oman projects scheduled for award, 2018
Figure 51: Oman future project pipeline breakdown by sector
Figure 52: Qatar contract award forecast, 2018-22
Figure 53: Selected top Qatar projects scheduled for award, 2018
Figure 54: Qatar future project pipeline breakdown by sector
Figure 55: Saudi Arabia contract award forecast, 2018-22
Figure 56: Selected top Saudi Arabia projects scheduled for award, 2018
Figure 57: Saudi Arabia future project pipeline breakdown by sector
Figure 58: UAE contract award forecast, 2018-22
Figure 59: Selected top UAE projects scheduled for award, 2018
Figure 60: UAE future project pipeline breakdown by sector
Figure 61: GCC contract award forecast, 2018-22
Figure 62: Value of known planned and un-awarded GCC projects by country
Figure 63: Value of known planned and un-awarded GCC projects by sector
Figure 64: Future GCC construction projects sector breakdown by subsector
Figure 65: Future GCC utilities projects sector breakdown by subsector
Figure 66: Future GCC hydrocarbons projects sector breakdown by subsector
Figure 67: Top future civil construction clients by project pipeline
Figure 68: Top future utilities clients by project pipeline
Figure 69: Top future hydrocarbons clients by project pipeline
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