With a young population and an increasing number of Saudis entering the workplace, the demand for housing and offices is expected to remain high. As housing preferences evolve, with a move away from extended family homes to those based around nuclear families, appetite for smaller affordable units are set to increase. This will boost construction of residential units and drive continued demand...
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Chapter | Real Estate & Construction from The Report: Saudi Arabia 2020
Saudi Arabia’s decision to weaken the link between hydrocarbons and economic growth, and pursue a policy of diversification has seen a wide range of projects come to fruition in the last several years. While at present the Covid-19 pandemic and the unprecedented plunge in oil prices are causing significant short-term uncertainty, the reforms that have been put in place in recent years should stand the Kingdom in good stead over the longer term.
Interviews & Viewpoints | Saad bin Ahmad Al Muhannadi, President, Public Works Authority (Ashghal): Interview from The Report: Qatar 2020
Where can the application of smart technologies deliver the most tangible results, both in terms of boosting efficiency and improving worker safety?
Articles & Analysis | Public-private partnership builds in Qatar attract foreign direct investment from The Report: Qatar 2020
Following several years of global economic uncertainty, budget deficits and unpredictable oil prices, in April 2019 the Council of Ministers approved a long-discussed public-private partnership (PPP) law, expected to be formally enacted in 2020. The new law is intended to clarify and regulate the framework for projects involving both the...
Articles & Analysis | China’s implementation of a new trade network is energising the global construction industry from The Report: Qatar 2020
From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
Articles & Analysis | The pipeline of Qatar's construction sector takes it through 2022 and beyond from The Report: Qatar 2020
As Qatar’s construction industry heads into 2020, there is a strong focus on what is to come beyond the 2022 FIFA World Cup, which has dominated the sector for much of the past decade. There are signs that Qatar’s economy has begun to rally, and while the country continues to rely on hydrocarbons revenue, the construction sector is playing an...