With a wave of new projects moving from the drawing board to the roll-out stage in Qatar’s Lusail City development, activity in the construction sector looks set to shift up a gear.
The Middle East
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Economic update | Bahrain ramps up energy spending
13 Nov 2015
Against a backdrop of weaker hydrocarbons prices, Bahrain is stepping up counter-cyclical downstream investments aimed at boosting energy and economic security.
A newly signed deal will see the creation of Kuwait’s first solar-thermal energy generation station. The project is viewed as a crucial step towards achieving the country’s goal of increasing the share of renewables in the country’s energy mix and boosting private investment in the sector.
Given present jitters around the Gulf – as investors, businesses and governments face the prospect of sustained oil and gas price softening – international ratings agency S&P’s recent reaffirmation of Qatar’s high investment grades came as a welcome vote of confidence for many in Doha.
A range of government initiatives are driving ICT adoption in Oman, as the sultanate works to connect all homes and businesses to the national broadband network by 2040.
A growing oversupply in some segments of Dubai’s residential real estate sector is encouraging developers to reposition their offering towards mid-range buyers, as the market witnesses broader price adjustments.