GCC projects pipeline for delivery estimated at $2.65tn in June: EIU ...Qatar

The GCC region has a large pipeline of projects to be delivered; the Economist Intelligence (EIU) said noted the projects’ pipeline planned or under way in Gulf region was estimated at $2.65tn in June. Total contract awards for projects across the GCC rose back above $100bn in 2021 following a pandemic-induced dip in 2020 when the value of total awards slipped below $70bn, EIU said in a report. GCC states awarded about $40bn worth of contracts in the first half of 2022 and the region’s project market is expected to be buoyant through to the end of the year and beyond. The combined oil and gas sector will continue to account for the bulk of contract awards, which often entails construction-

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