GCC powers of construction

The 12th edition of the GCC Powers of Construction provides a lens on both challenges and opportunities, including an overview of the GCC projects landscape, decarbonization best practices, unlocking the potential technology has to offer to the industry.

Sustainability is at the core of this year’s publication, as in previous editions, the report reviews the current market conditions and current trends based on data and opinions gathered from key industry leaders

A new normal for a new decade. The tenth edition of Deloitte’s GCC Powers of Construction report provides an overview of the overall performance of the Construction industry across the region. Like all sectors across the world, Construction has not been immune to the impact of the global COVID-19 pandemic. This year’s report considers how the Construction industry can come together amidst the new normal to create a future in which everyone thrives.

Has the industry turned the corner? reviews the current market conditions, reflects on how the industry could benefit from embracing new approaches to construction projects delivery, and shares perspectives on the smart development of tomorrow’s cities.

The report is the eight in its series, provides an overview of the overall performance for the industry and looks at topics of current importance including the impact of the recently introduced VAT, funding availability for infrastructure projects, IFRS 15 disclosure.

The report is the seventh in its series, produced based on data gathered from surveys and supported by interviews with some of the most prominent construction industry leaders from the region as well as articles and interviews examining key industry trends.

This year’s edition defines the construction sector as an economic barometer for the GCC region, showcasing the interconnection between the construction industry and the wellbeing of the GCC economies.

The industry seems to be out of the recession and into recovery mode. So the big question remains: “Are you ready for the construction recovery?”

In the ever complex and dynamic industry of construction, it is imperative that communication amongst our peers informs us on what decisions we all make on a daily basis.

By standing shoulder to shoulder with all of our clients through each chapter, Deloitte has helped our clients write the stories they want to share. It is in this spirit we are pleased to share with you ‘RE-5’: 1. Reflect; 2. Review; 3. Refocus; 4. Reinvest; and 5. Rebound.

Over the year a number of players have taken the opportunity to expand their geographical footprint in order to capture opportunities in the key markets of Abu Dhabi, Saudi Arabia and Qatar.

In the last few years the world’s attention has been focused on the Gulf region as large construction projects with ever-growing, ambitious dimensions dominated media headlines. High liquidity and pent-up demand fueled a construction industry boom of impressive proportions.