The Kingdom accounted for the largest share of the region\u2019s top 100 projects, with 36 projects totaling $105.5 billion, followed by Iran in second place with a share of $60.1 billion, while the UAE ranked third with approximately 11 projects worth a total of $28.3 billion, as of the end of the second quarter of 2014.<\/p>\n
According to reports by Meed Economics, the index of the 100 largest projects in the Middle East declined in the second quarter of this year, and the outlet expects the index to face further pressure due to the security situation in Iraq.<\/p>\n
The index also recorded its first decline in a full year, as the value of projects fell to $282 billion, a drop of 1.3%, noting that this slight decline keeps the index close to its record high of $285.4 billion set in the first quarter.<\/p>\n
The Kingdom is considered the largest market for projects in the region, with contracts scheduled to be awarded in 2014 exceeding $130 billion, according to a report by Baitak Research.<\/p>\n
The contracts expected to be awarded in the Kingdom include the first phase of the Makkah Metro, valued at $7 billion, and the first phase of the King Abdullah City for Atomic and Renewable Energy project, valued at $8.4 billion.<\/p>\n
Growth is expected to continue in the market for the top 100 projects in the Middle East throughout 2014, as market activity in the Kingdom will boost the value of the project market once contracts are awarded.<\/p>\n
The transportation sector will also continue to be the most dominant sector; however, if the planned refinery contracts are confirmed, the value of contracts awarded in the oil sector could also increase among the top 100 projects in the Middle East by the end of 2014.<\/p>\n
Overall, the outlook for the project market in the region remains positive, driven primarily by several factors, most notably continued economic expansion, rising oil prices, and significant population growth.<\/p>\n
Forecasts indicate that the Kingdom will maintain its position as the largest construction market in the region, followed by the United Arab Emirates and then Qatar. Growth in the Kingdom\u2019s construction sector is driven by the rapid population growth and the Kingdom\u2019s desire to improve the capacity of its social infrastructure.<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>Saudi Arabia accounted for the largest share in the list of the 100 largest projects in the region, with 36 projects totaling $105.5 billion, followed by Iran in second place with a share of $60.1 billion, while the UAE came in third place with 11 projects totaling $28.3 billion, as of the end of the second quarter of 2014. According to ... Read more<\/a><\/p>","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[145],"tags":[],"class_list":["post-2077","post","type-post","status-publish","format-standard","hentry","category-major-projects"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","trp-custom-language-flag":"","event-thumbnail":"","event-medium":"","event-large":"","event-hero":""},"author_info":{"info":["\u0627\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u0645\u0634\u0627\u0631\u064a\u0639 \u0643\u0628\u0631\u0649<\/a>","tag_info":"\u0645\u0634\u0627\u0631\u064a\u0639 \u0643\u0628\u0631\u0649","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/2077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=2077"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/2077\/revisions"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=2077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=2077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=2077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}