Construction Week Online: The UAE and Saudi Arabia spur Gulf social infrastructure schemes 2018
News: 11 May 2018
Construction Week highlights Arada megaproject Aljada and its Zaha Hadid-designed Central Hub in its review of the Middle East’s social infrastructure project segment
Construction Week Online: 11 May 2018
Social infrastructure projects support economic stability in the GCC, and countries are continuing to invest in health, education, entertainment, and transport projects, with the aim of achieving long-term growth and diversification ambitions.
In May 2017, Faithful + Gould’s associate director, Michael Connor, said the market should expect a rise in social infrastructure contractor awards from Q4 2017 onwards.
Indeed, Connor’s estimations have materialised in the region. The UAE and Saudi Arabia have continued to make significant investments in social infrastructure projects.
Both countries aim to capture the myriad socio-economic benefits derived from building more schools, hospitals, transport networks, and places of entertainment. And for all social infrastructure projects, there is a primary and secondary benefit: social and economic incentives.
In the following pages, Construction Week explores the top segments for social infrastructure growth in the Middle East.
Read the full article here
