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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Turkey eyes $5bn bilateral trade with Qatar

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      Deal signed to set-up first factory in Qatar to assemble electric vehicles

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      Foundation stone laid for new 700-bed hospital is Salalah, Oman

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      Iraq set to award new Faw Port deals

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      Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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      Miral’s premier Abu Dhabi waterfront project work on track

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        Investments in renewables in Egypt reach LE6 bn: Official

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        Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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        JGC lands $3.7bn Iraq refinery upgradation project deal

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        France to help Iraq generate electricity, will invest in education, science: Macron

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        Acwa Power inks finance deals for 900MW Dubai solar park

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          UAE sends medical aid to Iraq to fight COVID-19

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          UAE launches phase III trial of inactivated Covid vaccine

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Qatar’s hospitality sector peaks despite turbulent 2020

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          Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

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          Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

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                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Qatar and Oman key drivers of construction growth in the MENA region

              BMI Research

              July 26, 2017
              in Infrastructure
              0

              Qatar and Oman remain growth outperformers in the MENA region over 2017 and are key drivers of our overall regional real growth forecasts, which see 6.0 % y-o-y real growth. MENA as a whole will be one of the fastest growing regions globally, with growth peaking in 2018/2019.

              According to BMI research, an uptick is expected in construction industry value real growth from 2017 and into 2018 for the Middle East and North Africa (MENA) region, largely on the back of our expectation for a gradual increase in global oil prices, which will begin to ease fiscal pressures on the oil producers and upcoming major events.

              The shock of the oil price drop has, however, firmly entrenched the need for economic diversification and goals are now firmly in place for governments across the region. While fulfilling the goals will remain challenging, the markets undergoing economic diversification will be the chief drivers of infrastructure growth.

              MENA Infrastructure RRI: GCC Dominates MENA and Global Rankings
              GCC infrastructure markets offer the best balance of strong opportunities and low risk business environment regionally and globally. This is reflected in their dominance of the top spots of our new Risk/Reward Index (RRI) league tables both for Middle East and North Africa (MENA) and on a global level. Beyond the GCC in MENA, strong Rewards on offer in Egypt, Iran and Morocco on the back of solid growth and industry size belie high operational risks, while Iraq, Libya and Yemen that are locked in conflict languish at the bottom of the regional table. We expect to begin to see a recovery in rewards over the year and into 2018 off the back of higher oil prices. BMI forecasts Brent crude will average USD57 per barrel over 2017, which will relieve pressure on governments' budgets as well as buoy investor sentiment towards oil exporters.

              Strong construction industry real growth forecasts, which average 12.1% annually over the coming five years, and an infrastructure project pipeline stocked with numerous high-value projects related to the FIFA 2022 World Cup, see Qatar outperform the larger construction markets of the UAE and Saudi Arabia and land the top spot in our regional and global Infrastructure RRI league tables.

              Qatar is followed by the UAE in second place, globally and regionally. The UAE's large construction industry sector, combined with a strong score for construction sector business environment (contracts, timeliness of project execution) and political and economic stability – especially compared to its peers in the regionbolster its overall score.

              Overall the MENA region outperforms the global average scores for Industry Rewards and Country Rewards, reflecting high levels of investment in construction projects to serve a growing and increasingly wealthy population.

              However, MENA underperforms on Industry Risks and Country Risks, indicative of often opaque and corrupt business environments – most notably in non-GCC countries – as well as elevated political risk across many markets.

              Reflecting a range of systemic economic and political risks in the region ranging from uncertain lines of succession, embedded terrorist threats and conflict, to painful economic realignments in the face of lower for longer oil prices, MENA has the second lowest regional average Country Risk score globally, ahead of Sub-Saharan Africa.
              BMI Research
              26 July
               

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