Construction Boom in the Gulf

Although oil is often regarded as the Arabian Gulf’s lifeline, the construction industry has emerged as a new economic driving factor in the region.

The two are undoubtedly linked. Higher oil prices provide Gulf States with ample revenue to spend on construction projects. Yet, despite the recent fall in global oil prices, the Gulf construction market has remained relatively strong, even as some countries look to reassess their budgets.

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Categorized as:International

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