GCC Countries
GCC construction sector rebounds strongly in Q1
The GCC construction market bounced back in the first quarter of 2021 following a massive drop in 2020 due to the outbreak of the Covid-19 pandemic.
According to BNC Projects Journal, the GCC disclosed $35.6 billion worth of new schemes in Q1 2021, which cover 55% the total announcements in 2020.
The GCC construction market is estimated at $2.2 trillion, with over 22,000 active projects as of first quarter of 2021, it said.
