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Construction spending across the GCC is keeping pace with the ongoing upward trend in international oil prices. The regional investment pool also continues to grow, as Arab companies shy away from putting their money into a declining US stock market. The results are seen all around the Gulf - new building projects, massive public works and touristic hotels and resorts. It is widely anticipated that the current oil boom will encourage more and more investment in construction |
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The Buildex & Interiors 2009 was
held against this encouraging backdrop.
The show demonstrated that an enormous
gap still exists between demand &
supply, with ample potential for development
of infrastructure, as well as quality
products & services. Oman's strategic
location, and its steady growth in
the construction sector, has made
it an ideal focus for local, regional
and international firms.In 2002 alone,
new Omani construction projects worth
RO 8.64 million were awarded to various
private sector companies |
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