Reports: Smart cities and megaprojects to boost the construction industry by $2 trillion in 2020

Posted in

Specialized reports have predicted that the construction industry in the GCC region will grow to nearly $2 trillion in 2020, with smart cities and megaprojects fueling the growth of the region's construction industry.

Specialized reports from market research firm Keen Research indicate that smart cities and megaprojects are fueling the growth of the construction industry in the region.

This will drive demand for specialized audiovisual solutions, from interactive digital signage to large-scale control and support rooms, according to industry experts.

The report said that this will increase demand for specialized audiovisual solutions, from interactive digital signage to large-scale control and support rooms. With the region playing host to several megaprojects, such as Expo 2020 in Dubai and the futuristic, high-tech city of Neom in Saudi Arabia, organizations have been quick to direct their investments."

Regionally, the region is driving demand for specialized AV solutions, from interactive digital signage to large-scale control and support rooms, according to industry experts.

Regionally in the Middle East and Africa, spending on specialized audiovisual equipment will increase by 50% to reach $12 billion in 2022.

Regionally in the Middle East and Africa, spending on specialized audiovisual equipment will increase by 50% to reach $12 billion in 2022.