Issued annually, the Deloitte Middle East Powers of Construction report serves as a comprehensive review of the construction industry for leaders. This year, the new economic reality of lower oil prices will constrain the amount of funding available to regional governments that will have to make tough choices such as cuts in public spending and the introduction of structural reforms.
Spending in the region will need to be better prioritized in order to ensure it meets social and economic development. Governments will have to seek for the private sector involvement, innovate and find alternative funding sources to fund their project requirements.
Using experience gained through working with the region’s leading organizations, who are delivering this agenda, this year’s articles and interviews give insight on how low oil prices will constrain the amount of funding available to regional governments that will have to find alternative funding sources to bridge ‘the funding gap’.
The report includes the following: