New Market Report: Construction in the GCC - Key Trends and Opportunities to 2015
Government policy reforms to reduce economic restrictions in the industrial sector drove demand for infrastructure development. In addition to this, rising population levels and increasing tourism also added to the demand for infrastructure development. Additionally, the authorization of private participation in real estate development and efforts to encourage foreign property investment in the region fuelled growth in the residential construction market. However, the construction industry suffered a decline in 2009, following the global economic crisis and the tightening liquidity situation,...
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