According to the recent developments observed in the field of construction in the Middle East, the Gulf Corporation Council has marked its one of the largest sectors of the country. Adding more to the survey, it is estimated that the total development undertakings for both ongoing and future projects are of about $2 trillion approximately, which is the 2/3 of the entire Middle East’s yearly GDP. This venture is being driven by generous populace development, especially in the ranges of the social lodging, training and human services. In the meantime, private part land has now recovered the certainty it lost as house costs rise near to their recorded crest and new tasks dispatch consistently.
Speaking more about the latest market report from the insights, the 2015 Gulf Corporation Council Construction report, concentrates solely on the civil development sector in the Middle East consisting of construction of roads, bridges, schools, hospitals and many more. The report also emphases on the upcoming challenges and prospects which will be faced by the companies including investigation of the top customers and builders, development expenses, and individual examination of particular sub-sectors. Such kind of reports helps us to understand more about the companies’ insights, their market rate, what perception others from outside the country have about the companies in the Middle East. Nowadays, GCC has also started felicitating the much deserving construction companies for their outstanding achievements and deliveries for the country. Their many awards and honors were given to the companies which marked a great impact on the overall market as well. Initially, GCC started with only six categories, but recently they have added two more categories for the achievements. Amongst the winners, there are various prospecting companies like Galfar Engineering of Dr. P Mohamed Ali who has now received many awards for the great contributions in the construction and infrastructure in Oman. Recently the company has also bagged the major Oman electricity transmission project as well. Also companies like WSP Global Inc. won award for best electrical project of the year along with MEP executive of the year, Ramboll for best Mechanical project of the year for Khalifa University. So in order to felicitate such great works of the construction industry various awards and honors had been to the noteworthy companies.
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AuthorDr P Mohamed Ali is a Non-resident Indian businessman hailing from Thalikulam in Thrissur. He is the founder of Galfar Engineering and Contracting Co. Ali is ranked as the twelfth richest Indian ($950 million) in the Gulf region by Arabian Business.com. Archives
April 2015
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