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THE GCC construction market retained its value at around $2.6 trillion (ongoing projects only), according to Zawya Projects.
Saudi Arabia continues to lead with projects worth $933 billion, accounting for some 36 per cent of the total market value, followed by the UAE ($818 billion) and Qatar ($356 billion).
The transportation segment accounts for the bulk of the ongoing projects, valued at $598 billion, or 23 per cent of the total market.
This is particularly so in Saudi Arabia and Qatar, both of which announced metro projects in 2013, with Riyadh Metro’s value standing at $22.5 billion and that of Doha Metro at $6.2 billion, according to the projects monitoring service.
